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.