Hennessy Advisors, Inc.
US ˙ NasdaqGM ˙ US4258851009

SecurityHNNA / Hennessy Advisors, Inc.
InsiderTeresa M Nilsen
This page shows the track record and history of NILSEN TERESA M insider trades in Hennessy Advisors, Inc.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.
Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made by Teresa M Nilsen in HNNA / Hennessy Advisors, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HNNA / Hennessy Advisors, Inc. Insider Trades
Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made by Teresa M Nilsen in HNNA / Hennessy Advisors, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2025-03-28 4,000 10.4174 4,000 10.4174 41,670 11 8.9650 -5,809 -13.94
2025-03-27 4,000 10.5274 4,000 10.5274 42,110
2025-03-26 1,000 10.4716 1,000 10.4716 10,472
2025-03-25 3,000 10.5515 3,000 10.5515 31,654
2025-03-24 3,000 10.5042 3,000 10.5042 31,513
2025-03-21 3,000 10.3756 3,000 10.3756 31,127
2025-03-20 1,860 10.4639 1,860 10.4639 19,463
2019-09-19 1,500 10.0691 1,500 10.0691 15,104
2019-09-18 2,500 10.2002 2,500 10.2002 25,500
2016-09-27 2,000 35.2053 3,000 23.4702 70,411
2016-09-23 999 34.9000 1,498 23.2667 34,865
2016-09-23 2,401 35.0000 3,602 23.3333 84,035
2016-09-22 600 34.9000 900 23.2667 20,940
2016-08-23 307 34.4749 460 22.9833 10,584
2016-08-23 4,693 35.7130 7,040 23.8087 167,601

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HNNA / Hennessy Advisors, Inc. Insider Trades
Insider Transaction History
File
Date		 Trade
Date		 Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price		 Unit
Price		 Units
Changed		 Value
Changed (1K)		 Remaining
Options		 Remaining
Shares
2025-09-19 2025-09-18 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 11.0800 -9,000 -100 150,823
2025-09-19 2025-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 19,700 159,823
2025-03-31 2025-03-28 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.4174 -4,000 -42 13,425
2025-03-27 2025-03-27 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 4,000 17,425
2025-03-27 2025-03-27 4 NILSEN TERESA M HNNA Common Stock G - Gift D -4,000 140,123
2025-03-27 2025-03-27 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.5274 -4,000 -42 13,425
2025-03-27 2025-03-26 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.4716 -1,000 -10 17,425
2025-03-27 2025-03-25 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.5515 -3,000 -32 18,425
2025-03-24 2025-03-24 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.5042 -3,000 -32 21,425
2025-03-24 2025-03-21 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.3756 -3,000 -31 24,425
2025-03-24 2025-03-20 4 NILSEN TERESA M FBO Children HNNA Common Stock S - Sale I 10.4639 -1,860 -19 27,425
2024-09-25 2024-09-25 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 29,285
2024-09-25 2024-09-25 4 NILSEN TERESA M HNNA Common Stock G - Gift D -5,500 144,123
2024-09-19 2024-09-18 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.2400 -8,482 -87 149,623
2024-09-19 2024-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 19,700 158,106
2023-12-21 2023-12-20 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 26,285
2023-12-21 2023-12-20 4 NILSEN TERESA M HNNA Common Stock G - Gift D -5,856 138,406
2023-09-19 2023-09-18 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 6.7900 -5,856 -40 141,406
2023-09-19 2023-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 19,700 147,262
2023-09-01 2023-08-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 6.8900 -1,952 -13 127,562
2022-12-27 2022-12-19 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 23,285
2022-12-27 2022-12-19 4 NILSEN TERESA M HNNA Common Stock G - Gift D -4,500 129,514
2022-09-20 2022-09-18 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.0000 -3,903 -35 134,014
2022-09-20 2022-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 137,916
2022-09-14 2022-09-12 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.4700 -1,952 -18 122,166
2022-09-01 2022-08-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.9300 -1,952 -19 124,118
2021-12-21 2021-12-15 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 20,285
2021-12-21 2021-12-15 4 NILSEN TERESA M HNNA Common Stock G - Gift D -5,500 126,070
2021-10-01 2021-09-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.6200 -1,952 -19 131,570
2021-09-21 2021-09-18 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.0000 -1,952 -20 133,521
2021-09-20 2021-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 135,472
2021-09-14 2021-09-12 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.8900 -1,952 -19 119,722
2021-09-01 2021-08-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.0100 -1,952 -20 121,674
2020-12-28 2020-12-07 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 17,285
2020-12-28 2020-12-07 4 NILSEN TERESA M HNNA Common Stock G - Gift D -14,100 123,625
2020-10-01 2020-09-21 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 8.2900 -1,952 -16 137,725
2020-09-22 2020-09-21 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.3800 -1,952 -18 139,676
2020-09-22 2020-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 141,628
2020-09-15 2020-09-12 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 9.0300 -1,952 -18 125,878
2020-09-01 2020-08-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 8.9000 -1,934 -17 127,830
2019-12-16 2019-12-10 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 14,285
2019-12-16 2019-12-10 4 NILSEN TERESA M HNNA Common Stock G - Gift D -13,000 129,764
2019-10-01 2019-09-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.8100 -1,952 -21 142,764
2019-09-24 2019-09-21 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.1500 -1,952 -20 144,716
2019-09-19 2019-09-19 4 NILSEN TERESA M HNNA Common Stock S - Sale D 10.0691 -1,500 -15 146,667
2019-09-19 2019-09-18 4 NILSEN TERESA M HNNA Common Stock S - Sale D 10.2002 -2,500 -26 148,167
2019-09-19 2019-09-17 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.2900 -2,788 -29 150,667
2019-09-16 2019-09-12 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 10.4200 -1,952 -20 153,455
2019-09-04 2019-08-30 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 155,406
2018-12-18 2018-12-18 4 NILSEN TERESA M HNNA Common Stock G - Gift D -6,300 139,656
2018-12-18 2018-12-07 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 11,285
2018-12-18 2018-12-07 4 NILSEN TERESA M HNNA Common Stock G - Gift D -3,000 145,956
2018-10-01 2018-09-30 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 13.8500 -1,952 -27 148,956
2018-09-25 2018-09-23 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.4000 -2,789 -40 150,908
2018-09-25 2018-09-21 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.4000 -1,952 -28 153,697
2018-09-19 2018-09-17 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.6100 -2,770 -40 155,648
2018-09-14 2018-09-12 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 158,418
2017-12-19 2017-12-18 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 3,000 8,285
2017-12-19 2017-12-18 4 NILSEN TERESA M HNNA Common Stock G - Gift D -3,000 142,668
2017-10-03 2017-09-30 4 NILSEN TERESA M HNNA Common Stock A - Award D 15.4400 15,750 243 145,668
2017-10-03 2017-09-28 4 NILSEN TERESA M HNNA Common Stock G - Gift D -2,000 129,918
2017-09-25 2017-09-23 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.9700 -2,113 -32 131,918
2017-09-25 2017-09-21 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 15.4900 -1,480 -23 134,032
2017-09-20 2017-09-17 4/A NILSEN TERESA M HNNA Common Stock F - Taxes D 14.7100 -2,113 -31 135,511
2017-09-20 2017-09-16 4/A NILSEN TERESA M HNNA Common Stock F - Taxes D 14.7100 -2,114 -31 137,624
2017-09-19 2017-09-18 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,750 151,261
2017-09-19 2017-09-17 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.7100 -2,113 -31 135,511
2017-09-19 2017-09-16 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 14.7100 -2,114 -31 137,624
2016-12-30 2016-12-19 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 1,500 3,524
2016-12-30 2016-12-19 4 NILSEN TERESA M HNNA Common Stock G - Gift D -3,500 93,159
2016-09-27 2016-09-27 4 NILSEN TERESA M HNNA Common Stock S - Sale D 35.2053 -2,000 -70 96,659
2016-09-27 2016-09-23 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 34.9400 -1,409 -49 98,659
2016-09-23 2016-09-23 4 NILSEN TERESA M HNNA Common Stock S - Sale D 35.0000 -2,401 -84 100,068
2016-09-23 2016-09-23 4 NILSEN TERESA M HNNA Common Stock S - Sale D 34.9000 -999 -35 102,469
2016-09-23 2016-09-22 4 NILSEN TERESA M HNNA Common Stock S - Sale D 34.9000 -600 -21 103,468
2016-09-23 2016-09-21 4 NILSEN TERESA M HNNA Common Stock A - Award D 10,500 104,068
2016-09-19 2016-09-17 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 36.1600 -1,427 -52 93,568
2016-09-19 2016-09-16 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 36.1600 -1,392 -50 94,995
2016-08-25 2016-08-23 4 NILSEN TERESA M HNNA Common Stock S - Sale D 35.7130 -4,693 -168 96,387
2016-08-25 2016-08-23 4 NILSEN TERESA M HNNA Common Stock S - Sale D 34.4749 -307 -11 101,080
2016-08-25 2016-08-22 4 NILSEN TERESA M HNNA Common Stock G - Gift D -1,000 101,387
2015-10-05 2015-10-01 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 900 2,024
2015-10-05 2015-10-01 4 NILSEN TERESA M HNNA Common Stock G - Gift D -900 102,387
2015-10-05 2015-09-30 4 NILSEN TERESA M HNNA Common Stock G - Gift D -1,000 103,287
2015-09-29 2015-09-25 4 NILSEN TERESA M HNNA Common Stock D - Sale to Issuer D 25.0000 -11,603 -290 104,287
2015-09-25 2015-09-23 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 24.1000 -1,401 -34 115,890
2015-09-18 2015-09-17 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,000 117,291
2015-09-18 2015-09-16 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 24.8000 -1,401 -35 102,291
2014-12-11 2014-12-10 4 NILSEN TERESA M HNNA Common Stock G - Gift D -1,000 103,692
2014-09-24 2014-09-23 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,000 104,692
2014-09-18 2014-09-16 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 18.8500 -2,000 -38 89,692
2014-05-15 2014-05-13 4 NILSEN TERESA M HNNA Stock Option (right to acquire) M - Exercise D 7.11 -2,813 0
2014-05-15 2014-05-13 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 12.5000 -1,601 -20 91,692
2014-05-15 2014-05-13 4 NILSEN TERESA M HNNA Common Stock M - Exercise D 7.1100 2,813 20 93,293
2013-11-15 2013-11-14 4 NILSEN TERESA M FBO Children HNNA Common Stock G - Gift I 450 1,124
2013-11-15 2010-01-26 4/A NILSEN TERESA M HNNA Common Stock F - Taxes D 2.6500 -812 -2 67,650
2013-09-18 2013-09-16 4 NILSEN TERESA M HNNA Common Stock A - Award D 15,000 90,480
2013-03-27 2013-03-25 4 NILSEN TERESA M HNNA Stock Option (right to acquire) M - Exercise D 3.55 -25,313 0
2013-03-27 2013-03-25 4 NILSEN TERESA M HNNA Common Stock F - Taxes D 7.0000 -12,838 -90 75,480
2013-03-27 2013-03-25 4 NILSEN TERESA M HNNA Common Stock M - Exercise D 3.5500 25,313 90 88,318
P
Åbent marked eller privat køb af ikke-afledte eller afledte værdipapirer
S
Åbent marked eller privat salg af ikke-afledte eller afledte værdipapirer
A
Tildeling, tildeling eller anden erhvervelse af værdipapirer fra virksomheden (såsom en option)
C
Konvertering af derivat
D
Salg eller overførsel af værdipapirer tilbage til virksomheden
F
Betaling af udnyttelseskurs eller skatteforpligtelse ved brug af en del af værdipapirer modtaget fra selskabet
G
Gave af værdipapirer af eller til insideren
K
Aktieswaps og lignende sikringstransaktioner
M
Udnyttelse eller konvertering af afledt værdipapir modtaget fra virksomheden (såsom en option)
V
En transaktion rapporteret frivilligt på formular 4
J
Andet (ledsaget af en fodnote, der beskriver transaktionen)