David A. Lorber Increases Stake in PhenixFIN Corp to 12.9% via Open Market Purchases

On May 14, 2026, David A. Lorber filed Amendment No. 6 to his Schedule 13D for PhenixFIN Corp (PFX), reporting an increase in his beneficial ownership. On May 12, 2026, Mr. Lorber purchased 42,065 shares of Common Stock in the open market at a weighted average price of $39.95 per share, with individual transaction prices ranging from $39.00 to $40.00. Following these transactions, Mr. Lorber beneficially owns a total of 248,576 shares, representing approximately 12.9% of the company's outstanding stock. This is an increase from his previously reported position of 206,511 shares (10.3%). Of the total shares, 245,198 are held directly by Mr. Lorber, while 3,378 shares are held in his spouse's IRA. The acquisitions were funded using approximately $7.9 million in personal funds. The filing notes that FrontFour Master Fund, Ltd. and FrontFour Capital Group LLC ceased to be reporting persons as of the previous amendment. Mr. Lorber maintains sole voting and dispositive power over his direct holdings and shared power over the shares in his spouse's IRA.