Home / Auditor changes / TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND
Filed 2025-04-09 路 Form 8-K 路 Accession 0001140361-25-013082 micro
Price before filing: $9.72 (2025-04-08 close, split/dividend-adjusted)
Market cap at flag: $141.9M (2025-04-09) 路 Latest: $182.3M (2025-11-10)
| Window | TEAF | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +11.7% | +13.7% | -1.9% | 2025-05-09 |
| 90 days | +21.1% | +25.3% | -4.2% | 2025-07-08 |
| 180 days | +21.2% | +36.1% | -14.9% | 2025-10-06 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $967K (5 purchases)
30 days after: 1 insider bought $1.2M (10 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-28 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 33,116 | $11.31 | $375K | no | Form 4 |
| 2025-04-01 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 2,473 | $11.35 | $28K | no | Form 4 |
| 2025-04-03 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 14,181 | $11.43 | $162K | no | Form 4 |
| 2025-04-04 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 21,776 | $11.06 | $241K | no | Form 4 |
| 2025-04-08 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 15,679 | $10.29 | $161K | no | Form 4 |
| 2025-04-09: red flag filed | |||||||
| 2025-04-10 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 42,284 | $10.45 | $442K | no | Form 4 |
| 2025-04-11 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 12,309 | $10.49 | $129K | no | Form 4 |
| 2025-04-14 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 14,412 | $10.78 | $155K | no | Form 4 |
| 2025-04-15 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 21,978 | $10.99 | $242K | no | Form 4 |
| 2025-04-16 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 4,570 | $11.06 | $51K | no | Form 4 |
| 2025-04-17 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 1,000 | $11.15 | $11K | no | Form 4 |
| 2025-04-21 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 4,700 | $10.90 | $51K | no | Form 4 |
| 2025-04-22 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 10,100 | $11.15 | $113K | no | Form 4 |
| 2025-04-24 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 100 | $11.19 | $1K | no | Form 4 |
| 2025-04-28 | Saba Capital Management, L.P. (+1 joint filer) 10% owner | Purchase | 100 | $11.19 | $1K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-09 to 2025-05-09. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: changed
Disagreements reported: no
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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