New Insider Charles C. Black Reports Initial Ownership in Sound Point
| 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-ownership, form-3, initial-statement, corporate-governance
TL;DR
**New insider Charles C. Black just reported initial ownership in Sound Point Alternative Income Fund, signaling potential confidence.**
AI Summary
Charles C. Black, a new insider, filed a Form 3 on March 24, 2026, indicating his initial beneficial ownership in Sound Point Alternative Income Fund. This filing signals that Mr. Black has become an officer, director, or significant shareholder, which is important because insider ownership can align management's interests with those of public shareholders, potentially leading to better company performance and stock value for investors.
Why It Matters
New insider ownership can signal confidence in the company's future and align management's interests with shareholders, potentially boosting investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of initial insider ownership and does not inherently indicate high risk.
Analyst Insight
Investors should monitor future Form 4 filings from Charles C. Black for any changes in his ownership, as increased insider buying could be a positive signal.
Key Players & Entities
- Charles C. Black (person) — Reporting Person
- Sound Point Alternative Income Fund (company) — Issuer
- 0001974837 (person) — CIK for Charles C. Black
- 0002028174 (company) — CIK for Sound Point Alternative Income Fund
Forward-Looking Statements
- Charles C. Black will increase his ownership in Sound Point Alternative Income Fund. (Charles C. Black) — low confidence, target: 2027-03-24
FAQ
Who is the reporting person in this Form 3 filing?
The reporting person is Charles C. Black, identified by CIK 0001974837.
What is the name of the issuer mentioned in this filing?
The issuer is Sound Point Alternative Income Fund, identified by CIK 0002028174.
What was the filing date for this Form 3?
The filing date for this Form 3 was March 24, 2026.
What type of filing is this document?
This document is a Form 3, which is an 'Initial statement of beneficial ownership of securities'.
What is the business address listed for Charles C. Black?
The business address for Charles C. Black is 1380 W. PACES FERRY ROAD SUITE 2180 ATLANTA GA 30327.
Filing Stats: 412 words · 2 min read · ~1 pages · Grade level 9.1 · Accepted 2026-03-24 13:58:51
Filing Documents
- ownership.html (3)
- ownership.xml (3) — 2KB
- 0001213900-26-033397.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 * Black Charles C (Last) (First) (Middle) 6224 TURPIN HILLS DRIVE (Street) CINCINNATI OHIO 45244 (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) Director 10% Owner X Officer (give title below) Other (specify below) Chief Compliance Officer 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/ Charles Black 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)