PCF SEC Filing News — High Income Securities Fund

Latest SEC filings for High Income Securities Fund (PCF) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-08-21.

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50…
Sector: Financial Services Industry: Asset Management Market Cap: $94.5M
20
Total Filings
12
Bullish Classifications
3
Bearish Classifications
20
Insider Transactions
0
Material Events (8-K)
0
Periodic Reports
Rule-based classifications for PCF currently lean bullish. Of the 20 displayed SEC filing records, 12 carry bullish classifications versus 3 bearish classifications. These labels summarize filing attributes; they are not recommendations, probabilities, or evidence of future price direction. There were 20 insider transactions (Form 4) in this period.
PCF Filing Activity Snapshot 2024-12-16 — 2026-08-21
Insider Transactions (Form 4)
12 buys vs 3 sells
Net insider buying in this period — more purchases than sales reported.
Largest Form 144 Filing
$203.9K
HELLERMAN GERALD (Director) · 2024-12-18
30,934 shares · Form 4
Insider Transactions 20 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 20 filings in this group are Form 4s for High Income Securities Fund.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 20 insider filings shown, the breakdown is 12 open-market purchase, 5 disposition to issuer and 3 open-market sale. 15 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Open-market purchase ×12
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Disposition to issuer ×5
Shares were surrendered to or repurchased by the issuer rather than sold to other investors.
Open-market sale ×3
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Form 4 Open-market purchase Insider Buying 2026-08-21

PCF insider GOLDSTEIN PHILLIP (Director) bought 25,000 shares (~$134.4K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 25,000 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 10,000 $5.40 $54.0K
P Open-market purchase 10,000 $5.37 $53.7K
P Open-market purchase 5,000 $5.34 $26.7K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 25,000 Est. Value: $134.4K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-08-10

PCF insider GOLDSTEIN PHILLIP (Director) bought 819 shares (~$4.3K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 819 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 819 $5.30 $4.3K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 819 Est. Value: $4.3K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-04-09

PCF insider GOLDSTEIN PHILLIP (Director) bought 5,688 shares (~$31.0K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 5,688 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 5,088 $5.45 $27.7K
P Open-market purchase 600 $5.53 $3.3K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 5,688 Est. Value: $31.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-03-19

PCF insider GOLDSTEIN PHILLIP (Director) bought 17,905 shares (~$97.8K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 17,905 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 17,905 $5.46 $97.8K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 17,905 Est. Value: $97.8K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-02-04

PCF insider GOLDSTEIN PHILLIP (Director) bought 17,514 shares (~$106.0K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 17,514 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 7,514 $6.05 $45.5K
P Open-market purchase 10,000 $6.05 $60.5K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 17,514 Est. Value: $106.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-01-20

PCF insider Das Rajeev P (Insider) bought 3,256 shares (~$20.0K)

Das Rajeev P, listed as Insider at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 3,256 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 1,628 $6.15 $10.0K
P Open-market purchase 1,628 $6.14 $10.0K
Filing: Form 4 (Insider Transaction) Insider: Das Rajeev P (Insider) Shares: 3,256 Est. Value: $20.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2025-12-18

PCF insider GOLDSTEIN PHILLIP (Director) bought 5,787 shares (~$34.8K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 5,787 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 2,487 $6.04 $15.0K
P Open-market purchase 800 $6.03 $4.8K
P Open-market purchase 2,500 $5.99 $15.0K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 5,787 Est. Value: $34.8K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2025-04-10

PCF insider SELL MORITZ A (Director) bought 789 shares (~$4.7K)

SELL MORITZ A, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 789 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 789 $5.95 $4.7K
Filing: Form 4 (Insider Transaction) Insider: SELL MORITZ A (Director) Shares: 789 Est. Value: $4.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2025-04-08

PCF insider SELL MORITZ A (Director) bought 5,587 shares (~$33.7K)

SELL MORITZ A, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 5,587 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 100 $6.29 $629.00
P Open-market purchase 1,000 $6.30 $6.3K
P Open-market purchase 2,000 $6.06 $12.1K
P Open-market purchase 2,000 $5.91 $11.8K
P Open-market purchase 487 $5.90 $2.9K
Filing: Form 4 (Insider Transaction) Insider: SELL MORITZ A (Director) Shares: 5,587 Est. Value: $33.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2025-02-26

PCF insider GOLDSTEIN PHILLIP (Director) sold 26,280 shares (~$179.9K)

GOLDSTEIN PHILLIP, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market sale of 26,280 PCF shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $6.84 $68.4K
S Open-market sale 9,296 $6.85 $63.7K
S Open-market sale 6,984 $6.85 $47.9K
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 26,280 Est. Value: $179.9K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2025-02-05

PCF insider Das Rajeev P (Director) sold 431 shares (~$2.9K)

Das Rajeev P, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market sale of 431 PCF shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 114 $6.71 $764.94
S Open-market sale 236 $6.71 $1.6K
S Open-market sale 72 $6.71 $483.12
S Open-market sale 9 $6.71 $60.39
Filing: Form 4 (Insider Transaction) Insider: Das Rajeev P (Director) Shares: 431 Est. Value: $2.9K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2025-01-10

PCF insider SELL MORITZ A (Director) bought 1,624 shares (~$10.6K)

SELL MORITZ A, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 1,624 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 1,624 $6.50 $10.6K
Filing: Form 4 (Insider Transaction) Insider: SELL MORITZ A (Director) Shares: 1,624 Est. Value: $10.6K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2024-12-30

PCF insider HELLERMAN GERALD (Director) sold 259 shares (~$1.7K)

HELLERMAN GERALD, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market sale of 259 PCF shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 259 $6.47 $1.7K
Filing: Form 4 (Insider Transaction) Insider: HELLERMAN GERALD (Director) Shares: 259 Est. Value: $1.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2024-12-23

PCF insider HELLERMAN GERALD (Director) bought 2,000 shares (~$12.7K)

HELLERMAN GERALD, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 2,000 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 2,000 $6.34 $12.7K
Filing: Form 4 (Insider Transaction) Insider: HELLERMAN GERALD (Director) Shares: 2,000 Est. Value: $12.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2024-12-18

PCF insider HELLERMAN GERALD (Director) bought 30,934 shares (~$203.9K)

HELLERMAN GERALD, listed as Director at HIGH INCOME SECURITIES FUND, reported an open-market purchase of 30,934 PCF shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 5,000 $6.69 $33.5K
P Open-market purchase 5,000 $6.63 $33.1K
P Open-market purchase 6,409 $6.50 $41.7K
P Open-market purchase 12,000 $6.60 $79.2K
P Open-market purchase 2,525 $6.50 $16.4K
Filing: Form 4 (Insider Transaction) Insider: HELLERMAN GERALD (Director) Shares: 30,934 Est. Value: $203.9K
View on SEC EDGAR → Open Filing Document →
Form 4 Disposition to issuer Tax / Compensation Filing 2024-12-16

PCF insider Form 4 filed for equity award, exercise, or tax withholding

SELL MORITZ A (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were surrendered to or repurchased by the issuer rather than sold to other investors.

Transactions reported on this filing
Code Nature Shares Price Value
D Disposition to issuer 33,699 $7.07 $238.3K
Filing: Form 4 (Insider Transaction) Insider: SELL MORITZ A (Director) Shares: 33,699
View on SEC EDGAR → Open Filing Document →
Form 4 Disposition to issuer Tax / Compensation Filing 2024-12-16

PCF insider Form 4 filed for equity award, exercise, or tax withholding

HELLERMAN GERALD (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were surrendered to or repurchased by the issuer rather than sold to other investors.

Transactions reported on this filing
Code Nature Shares Price Value
D Disposition to issuer 38,142 $7.07 $269.7K
Filing: Form 4 (Insider Transaction) Insider: HELLERMAN GERALD (Director) Shares: 38,142
View on SEC EDGAR → Open Filing Document →
Form 4 Disposition to issuer Tax / Compensation Filing 2024-12-16

PCF insider Form 4 filed for equity award, exercise, or tax withholding

GOLDSTEIN PHILLIP (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were surrendered to or repurchased by the issuer rather than sold to other investors.

Transactions reported on this filing
Code Nature Shares Price Value
D Disposition to issuer 233,119 $7.07 $1.65M
Filing: Form 4 (Insider Transaction) Insider: GOLDSTEIN PHILLIP (Director) Shares: 233,119
View on SEC EDGAR → Open Filing Document →
Form 4 Disposition to issuer Tax / Compensation Filing 2024-12-16

PCF insider Form 4 filed for equity award, exercise, or tax withholding

DAYAN RICHARD (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were surrendered to or repurchased by the issuer rather than sold to other investors.

Transactions reported on this filing
Code Nature Shares Price Value
D Disposition to issuer 4,851 $7.07 $34.3K
Filing: Form 4 (Insider Transaction) Insider: DAYAN RICHARD (Director) Shares: 4,851
View on SEC EDGAR → Open Filing Document →
Form 4 Disposition to issuer Tax / Compensation Filing 2024-12-16

PCF insider Form 4 filed for equity award, exercise, or tax withholding

Das Rajeev P (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were surrendered to or repurchased by the issuer rather than sold to other investors.

Transactions reported on this filing
Code Nature Shares Price Value
D Disposition to issuer 998 $7.07 $7.1K
D Disposition to issuer 2,073 $7.07 $14.7K
D Disposition to issuer 632 $7.07 $4.5K
D Disposition to issuer 70 $7.07 $494.90
Filing: Form 4 (Insider Transaction) Insider: Das Rajeev P (Director) Shares: 3,773
View on SEC EDGAR → Open Filing Document →

How we classify High Income Securities Fund's filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on PCF. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — PCF SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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