Hennessy Advisors, Inc.
US ˙ NasdaqGM ˙ US4258851009

SecurityHNNA / Hennessy Advisors, Inc.
InsiderRodger Offenbach
This page shows the track record and history of OFFENBACH RODGER 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 Rodger Offenbach 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 (%)
2013-06-04 305 8.1000 458 5.4000 2,470 363 10.1667 2,176 88.10
2013-05-31 1,195 8.1000 1,792 5.4000 9,680
2013-05-30 1,000 8.1000 1,500 5.4000 8,100

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 Rodger Offenbach 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 (%)
2023-09-06 10,000 6.7236 10,000 6.7236 67,236 71 6.4000 -3,236 -4.81
2023-03-23 500 7.8000 500 7.8000 3,900
2023-03-14 500 8.0275 500 8.0275 4,014
2022-12-12 2,615 8.3318 2,615 8.3318 21,788
2021-05-17 2,000 9.0016 2,000 9.0016 18,003
2020-12-28 7,185 8.9400 7,185 8.9400 64,234
2020-12-24 1,500 8.8200 1,500 8.8200 13,230
2020-12-23 1,315 9.0400 1,315 9.0400 11,888
2016-08-11 3,000 38.1106 4,500 25.4071 114,332
2014-12-18 1,000 20.0100 1,500 13.3400 20,010
2014-06-06 1,485 15.1000 2,228 10.0667 22,424
2014-06-05 301 15.1500 452 10.1000 4,560
2014-06-05 200 15.1000 300 10.0667 3,020
2014-06-05 4 15.2399 6 10.1599 61
2014-06-04 1,000 15.1000 1,500 10.0667 15,100

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 OFFENBACH RODGER By Trust HNNA Common Stock A - Award I 2,800 113,298
2024-09-19 2024-09-18 4 OFFENBACH RODGER By Trust HNNA Common Stock A - Award I 2,800 111,173
2023-09-19 2023-09-18 4 OFFENBACH RODGER By Trust HNNA Common Stock A - Award I 2,800 108,373
2023-09-07 2023-09-06 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 6.7236 -10,000 -67 105,573
2023-03-24 2023-03-23 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 7.8000 -500 -4 115,573
2023-03-16 2023-03-14 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 8.0275 -500 -4 116,073
2022-12-13 2022-12-12 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 8.3318 -2,615 -22 116,573
2022-09-20 2022-09-18 4 OFFENBACH RODGER HNNA Common Stock A - Award D 4,500 119,188
2021-09-20 2021-09-18 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,250 114,688
2021-05-19 2021-05-17 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 9.0016 -2,000 -18 109,438
2020-12-30 2020-12-28 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 8.9400 -7,185 -64 111,438
2020-12-28 2020-12-24 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 8.8200 -1,500 -13 118,623
2020-12-28 2020-12-23 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 9.0400 -1,315 -12 120,123
2020-09-22 2020-09-18 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,250 121,438
2019-09-04 2019-08-30 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,250 116,188
2018-09-14 2018-09-12 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,250 110,938
2017-09-19 2017-09-18 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,250 105,688
2016-09-23 2016-09-21 4 OFFENBACH RODGER HNNA Common Stock A - Award D 3,500 66,959
2016-08-15 2016-08-11 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 38.1106 -3,000 -114 63,459
2015-09-29 2015-09-25 4 OFFENBACH RODGER HNNA Common Stock D - Sale to Issuer D 25.0000 -9,594 -240 66,459
2015-09-18 2015-09-17 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,000 76,053
2014-12-19 2014-12-18 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 20.0100 -1,000 -20 71,053
2014-10-14 2014-10-13 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,000 72,053
2014-06-06 2014-06-06 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 15.1000 -1,485 -22 67,053
2014-06-06 2014-06-05 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 15.2399 -4 -0 68,538
2014-06-06 2014-06-05 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 15.1000 -200 -3 68,542
2014-06-06 2014-06-05 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 15.1500 -301 -5 68,742
2014-06-06 2014-06-04 4 OFFENBACH RODGER HNNA Common Stock S - Sale D 15.1000 -1,000 -15 69,043
2014-05-23 2014-05-21 4 OFFENBACH RODGER HNNA Stock Option (right to acquire) M - Exercise D 7.11 -25,313 0
2014-05-23 2014-05-21 4 OFFENBACH RODGER HNNA Common Stock F - Taxes D 12.6500 -14,228 -180 70,043
2014-05-23 2014-05-21 4 OFFENBACH RODGER HNNA Common Stock M - Exercise D 7.1100 25,313 180 84,271
2013-09-18 2013-09-16 4 OFFENBACH RODGER HNNA Common Stock A - Award D 5,000 58,958
2013-06-05 2013-06-04 4 OFFENBACH RODGER HNNA Common Stock P - Purchase D 8.1000 -305 -2 53,958
2013-06-03 2013-05-31 4 OFFENBACH RODGER HNNA Common Stock P - Purchase D 8.1000 -1,195 -10 53,653
2013-06-03 2013-05-30 4 OFFENBACH RODGER HNNA Common Stock P - Purchase D 8.1000 -1,000 -8 52,458
2013-03-27 2013-03-25 4 OFFENBACH RODGER HNNA Stock Option (right to acquire) M - Exercise D 3.55 -33,750 0
2013-03-27 2013-03-25 4 OFFENBACH RODGER HNNA Common Stock F - Taxes D 7.0000 -17,117 -120 51,458
2013-03-27 2013-03-25 4 OFFENBACH RODGER HNNA Common Stock M - Exercise D 3.5500 33,750 120 68,575
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)