CPZ Calamos Long/Short Equity & Dynamic Income Trust Insider Trading

Calamos President sells 35,000 shares (47.4% of holdings) at $14.61 avg for $511.3K across 20 transactions on Dec 12–15

President and Chairman John P Calamos Sr executed 20 separate sales on December 12–15, 2025, liquidating 35,000 shares at a blended average price of $14.61, reducing his position from 73,817 shares to 38,817 shares (a 47.4% reduction of pre-transaction holdings). The current price of $14.84 sits 11.6% below the 52-week high of $16.79 and has declined 9.9% over the prior 90 days. Across his cross-ticker track record, Calamos's prior buys showed a positive 90-day average return of 1.8%, though the prior same-ticker buy at CPZ in December 2023 also returned positive 0.6% at 90 days, offering limited precision for sell-timing assessment. The scale of this disposition—nearly half the shareholder's position—merits close attention to any regulatory disclosures or corporate announcements that may contextualize the timing.

Director Christopher M Toub doubles CPZ holding to 3,000 shares via $22,800 purchase at $15.20

Christopher M Toub, a director of Calamos Long/Short Equity & Dynamic Income Trust (CPZ), purchased 1,500 shares at $15.20 on 2025-01-08, doubling his pre-transaction holding from 1,500 to 3,000 shares—a +100.0% increase in position size. The transaction occurred at a price approximately $0.39 below the current market price of $15.59, near the lower end of the 52-week range of $14.72–$15.95. This discretionary buy by a board member, combined with the deliberate scaling of his ownership stake, represents a material commitment to the trust and warrants examination of any broader context (strategic initiatives, relative valuation, or subsequent insider activity) that may illuminate the board's confidence in the fund's direction.