Jerry Raio

Jerry Raio, listed as board member, has filed trades across 4 companies (mainly through SEC (Form 4)), most often in RiverNorth Managed Duration Municipal Income Fund II, Inc., Rivernorth Opportunities Fund, Inc. and RiverNorth Flexible Municipal Income Fund, Inc. We count 12 filings; the first trade dates from 26 October 2018 and the latest from 10 October 2025.

Both buying and selling appear: 10 purchases worth €147k, against 1 sale worth €3,721. Purchases outweigh sales by €143k. Unlike grants, an open-market purchase is paid for by the insider, at the market price.

A typical purchase (the median) is worth €16k. Clusters matter here: 1 out of 10 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase.

On 14 October 2025 came the latest disclosure, a transaction for €40k in Rivernorth Opportunities Fund, Inc. The last insider purchase was made public on 18 December 2023, 1,041 days ago. Typically, a trade is published a median of 4 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.