Sec Form 4 Filing - CALAMOS JOHN P SR @ Calamos Aksia Hedged Strategies Fund - 2025-09-30

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person CALAMOS JOHN P SR 2. Issuer Name and Ticker or Trading Symbol Calamos Aksia Hedged Strategies Fund [ N/A] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Global CIO (Last) (First) (Middle) 2020 CALAMOS COURT 3. Date of Earliest Transaction (MM/DD/YY) 09/30/2025 (Street) NAPERVILLE, IL60563 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class I Common Stock 09/30/2025 D 9,000 ( 1 ) D $ 0 1,000 D ( 2 ) ( 3 ) Class A Common Stock 09/30/2025 A 3,000 ( 1 ) A $ 0 3,000 D ( 3 ) ( 4 ) Class C Common Stock 09/30/2025 A 3,000 ( 1 ) A $ 0 3,000 D ( 3 ) ( 4 ) Class M Common Stock 09/30/2025 A 3,000 ( 1 ) A $ 0 3,000 D ( 3 ) ( 4 ) Class I Common Stock 09/30/2025 J 923,101.64 ( 5 ) A $ 0 924,101.64 D ( 3 ) ( 4 ) Class I Common Stock 09/30/2025 J 11,202.69 ( 6 ) A $ 0 11,202.69 D ( 3 ) ( 7 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CALAMOS JOHN P SR 2020 CALAMOS COURT NAPERVILLE, IL60563 X Global CIO Calamos Investments LLC 2020 CALAMOS COURT NAPERVILLE, IL60563 X Calamos Advisors LLC 2020 CALAMOS COURT NAPERVILLE, IL60563 X Signatures /s/ Erik D. Ojala, Senior Vice President, General Counsel and Secretary of Calamos Advisors LLC 10/02/2025 Signature of Reporting Person Date /s/ Erik D. Ojala, Senior Vice President, General Counsel and Secretary of Calamos Investments LLC 10/02/2025 Signature of Reporting Person Date /s/ Susan Schoenberger, by Power of Attorney for John P. Calamos, Sr., Attorney-in-Fact 10/02/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Calamos Investments LLC exchanged 9,000 shares of Class I Common Stock for 3,000 shares of Class A Common Stock, 3,000 shares of Class C Common Stock, and 3,000 shares of Class M Common Stock for no additional consideration. ( 2 )Shares held directly by Calamos Investments LLC, previously reported as indirectly owned by John P. Calamos, Sr. ( 3 )John P. Calamos, Sr., Calamos Investments LLC, and Calamos Advisors LLC are members of a "group" for purposes of Section 13(d) of the Exchange Act. Mr. Calamos is the founder, chairman, and Global Chief Investment Officer of Calamos Investments LLC and Calamos Advisors LLC. Calamos Investments LLC is the sole member and manager of Calamos Advisors LLC. Each reporting person disclaims beneficial ownership of the shares held by the other group members, except to the extent of their respective pecuniary interest therein. ( 4 )Shares held directly by Calamos Investments LLC. ( 5 )Acquisition of issuer securities via a pro rata distribution of portfolio securities by a limited partnership of which Calamos Investments LLC is a limited partner. ( 6 )Acquisition of issuer securities via a pro rata distribution of portfolio securities by a limited partnership of which Calamos Advisors LLC is a limited partner. ( 7 )Shares held directly by Calamos Advisors LLC.

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 4(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).

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