RMT ROYCE MICRO-CAP TRUST, INC. Insider Trading

Christopher D Clark (President) purchased 3,600 shares of RMT at $14.12; holdings now 73,319 shares

Christopher D Clark, President of Royce Micro-Cap Trust, Inc., purchased 3,600 shares at $14.12 on 2026-06-15, expanding his holdings to 73,319 shares. The current price of $14.18 sits 0.8% below the 52-week high of $14.30, and the stock has appreciated 22.8% over the last 90 days. Examining Clark's same-ticker history at RMT, his prior three purchases show mixed results: one achieved a +4.0% 90-day return (well-timed), while the other two posted negative 90-day returns (-2.5% and -0.5%). His cross-ticker track record across 8 prior open-market buys shows a 28.57% win rate at the 90-day mark with an average return of +0.1%. This incremental purchase follows a pattern of recurring engagement with RMT but does not establish a clear directional signal given the modest success rate of prior transactions.

Secretary John E Denneen purchases 4,000 shares of RMT at $13.70; holdings increase to 12.2K shares (+48.6%).

Secretary John E Denneen purchased 4,000 shares at $13.70 on 2026-06-05, expanding his post-transaction holdings to 12.2K shares from 8.2K shares—a 48.6% increase in his position. The purchase price of $13.70 is near the 52-week high of $14.30, with the stock currently trading at $13.83 (+1.0% over 30 days and +18.2% over 90 days). This open-market acquisition demonstrates direct insider investment in the company, though proximity to the 52-week high and absence of prior accumulation context limits what can be inferred about conviction or forward outlook from price timing alone. The material increase in relative holdings warrants monitoring for any subsequent disclosures or corporate developments.

Secretary John E Denneen purchases 3,249 shares of RMT at $13.97; holdings increase 65.2% to 8,232 shares

John E Denneen, the company's Secretary, made a substantial open-market purchase of 3,249 shares at $13.97 on 2026-06-01, increasing his holdings by 65.2% from 4,983 to 8,232 shares. The transaction occurred near the upper end of the 52-week trading range ($8.66–$14.25), with the stock currently priced at $14.23. The buy timing coincides with positive recent momentum—the stock is up 6.4% over 30 days and 14.8% over 90 days—suggesting the purchase followed rather than preceded the price appreciation. The material expansion of personal ownership stakes (from 5.0K to 8.2K shares) warrants attention to whether this reflects evolving conviction or other motivations.

RMT President Clark bought 6,500 shares at $11.48; stock now at $11.81, stock at -5.4% from 52-week high

Christopher D. Clark, President of Royce Micro-Cap Trust, Inc., purchased 6,500 shares at $11.48 on 2002-03-24, increasing his holdings from 62,148 to 68,648 shares. The stock currently trades at $11.81, within 2.9% of the transaction price, and stands at -5.4% from its 52-week high of $12.49. Clark's timing record at this ticker is mixed: of his 3 prior RMT purchases, only 1 of 3 achieved positive 90-day returns, and his cross-ticker buy track record shows an average 90-day return of +0.1% with a 28.57% win rate. The current purchase's limited price movement and modest position increase do not yet signal either conviction or concern.

ROYCE CHARLES M sold 200,000 shares (200.0K shares) of RMT at $10.27 on 2025-11-05; 5 of 5 prior RMT sales were well-timed with negative 90d returns.

ROYCE CHARLES M executed a substantial sale of 200,000 shares at $10.27, reducing his holdings by 25.1% to 596,926 shares. Notably, this sale occurs within the context of a strong pattern: his prior 5 open-market sales at RMT were all well-timed, with each showing negative 90-day returns ranging from -6.4% to -17.9%, indicating the insider has consistently sold before subsequent declines. His cross-ticker track record reinforces this signal with a 100.00% well-timed rate across 6 prior sales (avg 90d return -15.3%). The current market shows RMT down 2.5% over 30 days and trading 5.4% below its 52-week high of $10.74, against the sale price of $10.27. This established pattern of prescient equity reductions by this insider warrants investor attention as a potential near-term bearish signal, though the stock remains within its 52-week range.

RMT President Christopher Clark buys 2,100 shares at $10.16; holdings rise to 59.7K shares (+3.6%)

President Christopher D Clark purchased 2,100 shares of RMT at $10.16 on 2025-08-26, increasing his post-transaction holdings to 59,721 shares. The buy occurred near the 52-week high of $10.40, with the current price at $10.21 reflecting a -1.8% decline from peak. Over his prior two trades in RMT, Clark's timing outcomes were mixed: a 2024-08-16 buy yielded +4.0% at 90 days (well-timed), while a 2024-03-21 buy produced -0.5% at 90 days (poorly-timed). His broader cross-ticker track record shows 6 prior buys with a 50% win rate and average 90-day return of +1.7%, suggesting modest predictive accuracy. The current purchase represents a modest 3.6% increase to an already substantial position, occurring as the stock has appreciated 5.8% over the past 30 days and 16.6% over 90 days.

Royce Charles M sold 150,000 shares of RMT for $1,490,100.00 in 2 transactions at $9.97–$9.92

Royce Charles M executed two separate sales totaling 150,000 shares for $1,490,100.00 on 2025-02-18 and 2025-02-19, reducing his holdings by 13.4% from 1,120,942 shares to 970,942 shares. The blended average price of $9.93 sits near the current price of $9.94 and well below the 52-week high of $10.40, placing the sales in a recently declining market context (down 4.4% from peak). These two sales follow an immediate pattern of four consecutive insider sales at RMT on 2025-01-29, 2025-01-30, and 2025-01-31, suggesting concentrated selling activity within a three-week window. Without scheduled trading plan flags or additional context, the clustering of sales over a short period and the magnitude of position reduction (150K shares) merit monitoring for any broader signaling about the insider's conviction or liquidity needs.

Charles M. Royce sells 200,000 RMT shares across 4 transactions for $1,985,500.00; post-transaction holdings 1,120,942 shares

Charles M. Royce executed 4 separate sales totaling 200,000 shares for $1,985,500.00 at a blended average price of $9.93 across three consecutive trading days (January 29–31, 2025), reducing his holdings by 15.1% from 1,320,942 shares to 1,120,942 shares. The sales occurred when RMT traded near the middle of its 52-week range ($8.62–$10.40), with the current price of $9.80 now 1.3% below the blended sale price. As Chief Executive Officer of Royce Micro-Cap Trust, an investment trust vehicle, Royce's reduction in position represents a material divestiture of founder/leadership stake. The sustained multi-day execution and size (200K shares) warrants review of whether this reflects updated capital allocation plans or other material corporate considerations.

RMT President Clark buys 5.4K shares at $9.56; prior cross-ticker buys show 0% 90-day win rate, same-ticker buy underperformed.

Christopher Clark, President of Royce Micro-Cap Trust, purchased 5,400 shares at $9.56 on 2024-08-16, raising his holdings from 47,640 to 53,040 shares. This represents an 11.3% increase in his stake. However, Clark's cross-ticker track record shows 3 prior open-market buys with a 0.00% 90-day win rate and an average 90-day return of -1.5%. His prior purchase at RMT on 2024-03-21 declined -0.5% over 90 days, establishing a pattern of underperformance. The current price of $9.62 reflects modest depreciation (-0.8% over 30 days) and positioning in the lower half of the 52-week range, yet the insider's historical timing pattern offers no basis for confidence in mean reversion.