James Michael Fields Files Form 3 for Sound Point Alternative Income Fund
| Field | Detail |
|---|---|
| Company | Sound Point Alternative Income Fund |
| Form Type | 3 |
| Filed Date | Mar 24, 2026 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-filing, form-3, ownership-disclosure
TL;DR
**New insider James Michael Fields just filed a Form 3 for Sound Point Alternative Income Fund, signaling a new role.**
AI Summary
This Form 3 filing, dated March 24, 2026, indicates that James Michael Fields has become an insider at Sound Point Alternative Income Fund (CIK: 0002028174). As an initial statement of beneficial ownership, it signifies that Fields now holds a position, likely as an officer or director, that grants him access to non-public information. This matters to investors because insider ownership can align management's interests with shareholders, potentially signaling confidence in the company's future performance.
Why It Matters
This filing signals that James Michael Fields has taken on a new role at Sound Point Alternative Income Fund, making him an insider. This is important because insiders often have a deeper understanding of the company's operations and future prospects.
Risk Assessment
Risk Level: low — A Form 3 filing is a standard disclosure for new insiders and doesn't inherently indicate high risk; it's merely a transparency requirement.
Analyst Insight
Investors should note the addition of James Michael Fields as an insider and monitor future Form 4 filings to see if he buys or sells shares, which could provide insight into his confidence in the company.
Key Players & Entities
- James Michael Fields (person) — Reporting Person, new insider at Sound Point Alternative Income Fund
- Sound Point Alternative Income Fund (company) — Issuer of the securities
- 0002028174 (company) — CIK for Sound Point Alternative Income Fund
- 0001321639 (person) — CIK for James Michael Fields
FAQ
What is the purpose of this Form 3 filing?
This Form 3 filing is an 'Initial statement of beneficial ownership of securities,' indicating that James Michael Fields has become an insider (e.g., officer, director, or 10% owner) at Sound Point Alternative Income Fund and is now required to report his ownership.
Who is James Michael Fields in relation to Sound Point Alternative Income Fund?
James Michael Fields is the 'Reporting Person' in this filing, meaning he is an individual who has acquired a position that requires him to disclose his beneficial ownership of securities in Sound Point Alternative Income Fund.
When was this Form 3 filing accepted by the SEC?
This Form 3 filing was accepted by the SEC on March 24, 2026, at 12:28:11.
Filing Stats: 410 words · 2 min read · ~1 pages · Grade level 9 · Accepted 2026-03-24 12:28:11
Filing Documents
- ownership.html (3)
- ownership.xml (3) — 2KB
- 0001213900-26-033356.txt ( ) — 4KB
From the Filing
SEC FORM 3 SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Fields James Michael (Last) (First) (Middle) 3325 HORTON STREET (Street) RALEIGH NORTH CAROLINA 27607 (City) (State) (Zip) UNITED STATES (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 03/23/2026 3. Issuer Name and Ticker or Trading Symbol Sound Point Alternative Income Fund [ SAFTX ] 3a. Foreign Trading Symbol 5. If Amendment, Date of Original Filed (Month/Day/Year) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Sound Point Alternative Income Fund (SAFTX, SAFDX, SAFNX) 0 D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: /s/ James Michael Fields 03/23/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 3: SEC 1473 (03-26)