A Form 4 filed on August 18, 2026 reports that James C. K. Chen, identified as a portfolio manager at Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO), disposed of shares on August 10, 2026 across three separate transactions.

Key Highlights

  • Reporting person: James C. K. Chen, listed with the relationship designation "PM" (portfolio manager), filed as one reporting person.
  • First transaction: 3,853.2589 shares disposed of at $26.1208 per share on August 10, 2026, leaving 7,632 shares beneficially owned directly.
  • Second transaction: 7,382 shares disposed of at $26.1553 per share on August 10, 2026, leaving 250 shares beneficially owned directly.
  • Third transaction: 250 shares disposed of at $26.205 per share on August 10, 2026, leaving 0 shares beneficially owned directly.
  • Ownership after transactions: Chen's directly held beneficial ownership in the fund reached 0 shares following the final reported transaction.
  • No derivative securities: Table II of the filing contains no reported derivative security transactions.

Three Consecutive Dispositions Reduce Chen's Direct Stake to Zero

According to the filing, all three transactions in Table I involved shares of Virtus Artificial Intelligence Opportunities Fund disposed of (coded "D") on August 10, 2026, with direct ownership as the form of holding. The first transaction covered 3,853.2589 shares at a price of $26.1208, bringing Chen's reported beneficial ownership to 7,632 shares directly held. No transaction code letter is specified in the source text for any of the three rows beyond the "D" designation for disposal direction.

The second transaction then recorded a disposal of 7,382 shares at $26.1553 per share, reducing direct beneficial ownership to 250 shares. The third and final transaction disposed of the remaining 250 shares at $26.205 per share, resulting in a reported beneficial ownership of 0 shares directly held, as disclosed in the filing. All ownership reported in the form is classified as direct ("D") with no indirect holdings noted.

The form was signed by Heather Imbey on August 10, 2026, on behalf of the reporting person. Chen's address is listed as 2999 Oak Road, Suite 1000, Walnut Creek, California 94597. The filing does not indicate that any transaction was made pursuant to a Rule 10b5-1(c) plan, as the corresponding checkbox was not selected.

What Was Disclosed

The filing discloses three disposal transactions by portfolio manager James C. K. Chen in shares of NYSE:AIO on August 10, 2026, at prices ranging from $26.1208 to $26.205 per share, bringing his direct beneficial ownership to zero.