Francis D. Gannon

RVT

VICE PRESIDENT · ROYCE SMALL-CAP TRUST, INC. · CIK 0001333932

FILING MIX · LIFETIME83%/17%

BUYS

SELLS

TOTAL VALUE

$194.4K

COMPANIES

ACTIVE SINCE

Mar 2024

HOLDINGS NOW

9,714

AVG SELL PX

$11.92

Trades · vs SPY

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Performance · forward returns vs SPY

6 backtested trades · 8 horizons · 3 pendingHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by Francis D. Gannon, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	6	+83.33%	+2.32%	+0.72%	+1.59%	+1.85%	—
14d	6	+33.33%	+0.10%	-0.31%	+0.42%	+0.28%	—
30d	6	+16.67%	-2.11%	-2.15%	+0.04%	-1.08%	—
60d	6	+83.33%	+5.81%	+2.14%	+3.67%	+1.93%	—
90d	6	+16.67%	+0.63%	+4.55%	-3.92%	-6.29%	—
180d	6	+83.33%	+5.05%	+9.11%	-4.06%	-4.84%	—
1y	6(1 pending)	+0.00%	-0.40%	+11.57%	-11.97%	-11.60%	—
2y	6(2 pending)	+100.00%	+15.24%	+26.56%	-11.32%	-11.82%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

RVT · 4,714 shares · as of Dec 17, 2025

Trading cadence · quarterly flow

BUY ● SELL ●

2024

2025

FLOW · 5 buys / 1 sellsCOVERAGE · 8 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
RVT ROYCE SMALL-CAP TRUST, INC.	PURCHASE Vice President	186	$15.87	$3.0K	4,714	Dec 17, 2025	Dec 18, 2025 ↗	View →
RGT ROYCE GLOBAL TRUST, INC.	SALE Vice President	7,214	$11.92	$86.0K	0	Jun 30, 2025	Jun 30, 2025 ↗	View →
RVT ROYCE SMALL-CAP TRUST, INC.	PURCHASE Vice President	2,000	$14.81	$29.6K	4,000	Mar 22, 2024	Mar 22, 2024 ↗	View →
RMT ROYCE MICRO-CAP TRUST, INC.	PURCHASE Vice President	2,500	$9.28	$23.2K	5,000	Mar 22, 2024	Mar 22, 2024 ↗	View →
RVT ROYCE SMALL-CAP TRUST, INC.	PURCHASE Vice President	2,000	$14.76	$29.5K	2,000	Mar 21, 2024	Mar 22, 2024 ↗	View →
RMT ROYCE MICRO-CAP TRUST, INC.	PURCHASE Vice President	2,500	$9.25	$23.1K	2,500	Mar 21, 2024	Mar 22, 2024 ↗	View →

Other insiders · RVT

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About this filer

CIK 0001333932

ROLE

Vice President

PRIMARY

RVT

COMPANIES

ACTIVE SINCE

Mar 2024

MARKETPEEL · /INSIDER/0001333932DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Francis D. Gannon

The morning brief, before the bell.