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Cornerstone Strategic Investment Fund Director Morris Matthew Sells 35,000 Shares at $8.14/Share
ByAinvest
Friday, Sep 5, 2025 5:59 pm ET1min read
Cornerstone Strategic Investment Fund, Inc. (CLM) has announced that Director Morris Matthew has recently sold 35,000 shares at a price of $8.14 per share on September 3, 2025.
Cornerstone Strategic Investment Fund, Inc. (CLM) has announced that Director Morris Matthew has recently sold 35,000 shares at a price of $8.14 per share on September 3, 2025. The sale was reported in a recent SEC filing [1]. The transaction, which occurred on the open market, saw Matthew reduce his beneficial ownership in the company.The sale follows a pattern of insider trading activity reported by Matthew in previous filings. In September 2025, Matthew sold 18,272 shares at $7.87 per share and an additional 35,000 shares at $7.90 per share [2]. These transactions, totaling 53,272 shares, represent a substantial reduction in his beneficial ownership from 46,467.9092 shares to 11,467.9092 shares after the reported sales.
The SEC filing [2] also notes that the total share counts include shares acquired through the fund's dividend reinvestment plan since the prior Form 4 filing. This explanation helps clarify the impact of the dividend reinvestment plan on the reported totals.
From a governance perspective, the timely public reporting of these transactions meets Section 16 transparency requirements. While the filing does not state any related-party transactions, 10b5-1 plans, or other qualifiers, the substantial reduction in beneficial ownership is noteworthy for ownership concentration.
The market impact of the recent sales is difficult to assess without additional context, such as the percentage of outstanding shares or any planned future transactions. However, the filing provides specific and quantifiable details about the prices and share counts involved in the transactions.
References:
[1] https://www.marketscreener.com/news/cornerstone-strategic-investment-fund-insider-sold-shares-worth-284-900-according-to-a-recent-sec-ce7d59d9df88f727
[2] https://www.stocktitan.net/sec-filings/CRF/form-4-cornerstone-total-return-fund-inc-insider-trading-activity-f05784adfc68.html
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