RVT ROYCE SMALL-CAP TRUST, INC. Insider Trading

President Clark bought 4,500 shares of RVT at $16.69; holdings now 47,235 shares. Price down 9.4% from 52-week high.

Christopher D Clark, President of Royce Small-Cap Trust, purchased 4,500 shares at $16.69 on 2026-03-24, increasing his holdings from 42,735 to 47,235 shares. The stock is currently trading at $16.89, down 9.4% from the 52-week high of $18.65 and down 7.5% over the past 30 days, though it has recovered 3.5% over the past 90 days. Examining Clark's prior purchase activity at this same ticker reveals mixed outcomes: his three previous buys resulted in 90-day returns of -2.1%, +5.9%, and -2.5%, with only one classified as well-timed. His broader cross-ticker track record shows 7 prior buys with a 28.57% 90-day win rate and negative average 30-day and near-flat 90-day returns, indicating a pattern of purchasing near intermediate weakness that does not consistently lead to near-term gains. This purchase occurs during a period of moderate downward momentum, consistent with the insider's historical tendency to buy following price declines.

VP Gannon Francis buys 186 RVT shares at $15.87; prior RVT trades both showed 90d losses.

Gannon Francis D., Vice President, purchased 186 shares of ROYCE SMALL-CAP TRUST, INC. (RVT) at $15.87 on 2025-12-17, increasing his holdings by 4.1% to 4,714 shares. This is his third open-market buy in RVT; his prior two purchases on 2024-03-22 and 2024-03-21 both registered negative 90-day returns (-4.2% and -2.5% respectively), with 0 of 2 prior RVT buys proving well-timed over the 90-day period. His broader cross-ticker track record also shows challenges: 4 prior buys with an average 90-day return of -2.3% and a 0.00% win rate. The current price of $16.07 is 5.6% higher than 30 days ago but still 4.7% below the 52-week high of $16.87, placing this purchase neither at a marked discount nor at a local peak. The pattern of repeated open-market accumulation despite historically unfavorable outcomes warrants observation, though the small dollar value ($2,951.82) and modest scale relative to existing holdings limit immediate materiality.

RVT President Clark buys 1,300 shares at $15.99; stock currently $16.11, near 52-week high.

Christopher Clark, as President of Royce Small-Cap Trust, purchased 1,300 shares at $15.99 on 2025-08-26, expanding his holdings to 40.6K shares—a 3.3% increase. The transaction price sits within a 52-week range of $12.50–$16.90 and the current price of $16.11 is -4.7% from the 52-week high, indicating the purchase occurred near elevated valuation levels. His prior trades at RVT show mixed results: a buy on 2024-08-16 achieved a 90-day return of +5.9%, while a buy on 2024-03-21 returned -2.5% over the same horizon, with only 50% of his same-ticker transactions showing positive 90-day outcomes. The cross-ticker track record reflects modest performance, with an average 90-day return of +1.7% across 6 prior buys and a 50% win rate, suggesting this purchase does not stand out as exceptional conviction or tactical timing.

RVT President Christopher D. Clark bought 3,400 shares at $15.20; stock down 4.8% from 52-week high.

Christopher D. Clark purchased 3,400 shares of Royce Small-Cap Trust (RVT) at $15.20, increasing his holdings by 10.4% to 36,057 shares. The transaction occurs with RVT trading 4.8% below its 52-week high of $16.01, and Clark's prior purchase at this ticker on 2024-03-21 posted a 90-day return of -2.5%, missing a subsequent gain. His broader cross-ticker track record shows 3 prior buys with a 90-day win rate of 0.00%, suggesting his open-market purchases have not coincided with subsequent price appreciation. The current purchase at a depressed price level relative to recent highs warrants tracking against whether this represents a break from his historical pattern.