USA LIBERTY ALL STAR EQUITY FUND Insider Trading

Mark T Haley buys 2,356 shares of LIBERTY ALL STAR EQUITY FUND at blended avg $5.81; 0 of 3 measurable same-ticker buys were well-timed at 90d.

Mark T Haley, President of LIBERTY ALL STAR EQUITY FUND, executed 2 separate purchases totaling 2,356 shares for $13,691.92 on 2026-06-02 and 2026-06-03, at prices of $5.85 and $5.80. His holding increased from 172,700 to 175,056 shares. This transaction carries weak timing signals: across his 5 prior same-ticker trades, 0 of 3 measurable buys achieved positive 90-day returns, with the most recent buy on 2025-12-30 declining -14.1% over 90 days. His cross-ticker track record is similarly unfavorable at 0% win rate across 13 buys with an average 90-day return of -6.4%. With the stock currently at $5.80 (matching the second transaction price) and down -1.4% over 90 days, the blended purchase price of $5.81 offers minimal margin of safety relative to his historical execution pattern at this ticker.

Treasurer Rettinger buys 350 shares of LIBERTY ALL STAR EQUITY FUND at $6.01, first open-market purchase on record

Rettinger Erich, serving as Treasurer, purchased 350 shares at $6.01 on 2026-02-06, representing his first recorded open-market buy across all tickers in his track record. The purchase occurred when the current price of $6.05 sits 15.0% below the 52-week high of $7.12, and the stock has declined 4.3% over the past 30 days. This inaugural buy by a first-time buyer in a closed-end fund carries limited conviction signal, as a single transaction with no prior pattern at this or other securities provides minimal basis for assessing the insider's analytical view or commitment to the position.

Liberty All Star (USA) President Haley buys 1,600 shares at $6.30; stock now $6.34, -0.6% over 90 days.

Haley Mark T, President of Liberty All Star Equity Fund (USA), purchased 1,600 shares at $6.30 on 2025-12-30, adding to a holding of 157,470 shares for a net increase of 1.6K shares. The current price of $6.34 is slightly above the purchase price, and the stock has declined 0.6% over the prior 90 days. Across his same-ticker purchase history at USA (4 prior trades), Haley's prior two measurable buys (2025-10-01 and 2025-09-09) each resulted in negative 90-day returns of -0.9% and -6.8% respectively, with a 0 of 2 well-timed rate. His broader cross-ticker track record of 12 prior buys also shows an average 90-day return of -3.8% with a 0.00% win rate, suggesting a consistent pattern of purchases that have not appreciated over the medium term.

Assistant Secretary Khwaja-Dixon Sareena buys 500 shares at $5.86 in LIBERTY ALL STAR EQUITY FUND—first open-market purchase on record.

Khwaja-Dixon Sareena completed her first open-market purchase, acquiring 500 shares of LIBERTY ALL STAR EQUITY FUND at $5.86 on 2025-11-21, establishing a post-transaction holding of 500 shares. The transaction occurred at a price $0.06 below the current market price of $5.92, and the fund has declined 5.9% over 30 days and 10.4% over 90 days. This initial buy by an Assistant Secretary is modest in scale ($2,928.65 total value) and notable primarily as a first entry into open-market purchases at this company, though the lack of prior transaction history limits inference about strategic intent.

Liberty All Star Equity Fund President Haley Mark T bought 1,000 shares at $6.37 on 2025-10-01; stock down 3.3% in 30 days, 8.1% in 90 days.

Haley Mark T, as President of Liberty All Star Equity Fund, purchased 1,000 shares at $6.37, adding to holdings of 157,470 shares post-transaction. The stock currently trades at $6.38, nearly flat from the transaction price, but is down 3.3% over 30 days and 8.1% over 90 days, reflecting broader weakness against the 52-week high of $7.46. Critically, across his open-market history at all tickers, Mark T's 10 prior buys averaged a 90-day return of -3.1% with a 0.00% win rate—a pattern of consistently poor timing. His three prior transactions at this ticker remain unmeasured, but this latest purchase adds to a record showing systematic underperformance after buy decisions.

Liberty All Star Equity Fund President Haley purchases 1,500 shares at $6.58; stock 11.9% below 52-week high with prior buys returning +13.3% and +8.9% at 90 days.

HALEY MARK T purchased 1,500 shares of LIBERTY ALL STAR EQUITY FUND at $6.58, increasing his position by 1.0% to 156,470 shares. The current price of $6.57 is 11.9% below the 52-week high of $7.46, placing the stock in a relatively depressed zone. His prior trades at this ticker show strong 90-day outcomes: a buy on 2023-12-08 returned +13.3% and a buy on 2023-11-03 returned +8.9%, both instances where his purchases preceded material gains. This latest purchase aligns with his historical pattern of well-timed entry points at this security, though the overall significance is modest given the small 1.0% position increase and the stock's near-52-week-low valuation already embedded in current pricing.