Jerald Benjamin Hayes sold $616k of NICHX
Investment Adviser at Variant Alternative Income Fund. 22,976 shares at an average of $26.83, traded Dec 16, 2025, filed Dec 18, 2025.
Score components
- +8RoleOther
- +20Trade size$616k at market
- +10Share of holdings soldSold 44% of holdings
- 0ClusterNo other insider selling within 14 days
What happened after comparable sells
Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.
This signal so far: 1m +0.0%, 3m +1.3%, 6m +2.9%.
Price around the trade, and since
From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™
Rows in this filing
Every transaction in Form 4 0001213900-25-123231, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Dec 16, 2025 | SOpen-market sale Institutional Class Shares | -22,976 | $26.83 | $616k | 28,689 | Dec 18, 2025 |
Related signals
Other insiders at Variant Alternative Income Fund and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 15Weak | NICHXsell Variant Alternative Income Fund | Jerald Benjamin Hayes Investment Adviser | $23k 856 shares | -3% |
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.