[Form 4] Capital Southwest Corp Insider Trading Activity

Rhea-AI Filing Summary

Ramona L. Rogers-Windsor, a director of Capital Southwest Corporation (CSWC), was issued 2,193 shares of common stock on 08/12/2025 at a price of $0 under the Capital Southwest 2021 Non-Employee Director Restricted Stock Award Plan. The Form 4 lists the reporting person as a director and shows the grant increased her beneficial ownership to 20,828.1428 shares. The filing indicates the Form was filed by one reporting person and bears a signature date of 08/13/2025.

The report contains only a non-derivative equity grant; no options, dispositions, or cash purchases are recorded. The filing records a standard director compensation issuance rather than a market purchase.

Insights

Corporate Governance Expert

TL;DR: Routine non-cash director equity grant aligning director incentives; not materially dilutive.

The Form 4 documents an issuance of 2,193 common shares to director Ramona L. Rogers-Windsor under the companys 2021 Non-Employee Director Restricted Stock Award Plan. Such grants are standard for non-employee directors and are intended to align governance incentives with shareholders. The reported post-grant beneficial ownership is 20,828.1428 shares. No derivative instruments or cash purchases are reported, and the grant price is listed as $0, consistent with restricted stock awards. From a governance perspective this is routine and provides director alignment without signaling unusual insider activity.

Securities Analyst

TL;DR: Non-cash grant of 2,193 shares on 08/12/2025; likely neutral to share price and valuation.

The filing shows an acquisition code transaction dated 08/12/2025 where the director received 2,193 shares at a reported price of $0. Beneficial ownership following the transaction is listed as 20,828.1428 shares. No sales, options, or other derivative activity are present on this Form 4. Given the size and nature of the grant (director restricted stock), this is unlikely to have a material impact on CSWCs market valuation or financial statements in isolation, and appears to be routine director compensation rather than a signal of private information.

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rogers-Windsor Ramona Lynn

(Last) (First) (Middle)

C/O CAPITAL SOUTHWEST CORPORATION

8333 DOUGLAS AVE, SUITE 1100

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CAPITAL SOUTHWEST CORP [ CSWC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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
Common Stock	08/12/2025		A(1)		2,193	A	$0	20,828.1428	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Shares issued under the Capital Southwest 2021 Non-Employee Director Restricted Stock Award Plan

Remarks:

	/s/ Ramona L. Rogers-Windsor	08/13/2025
	** 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 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).
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.

FAQ

What transaction was reported on the CSWC Form 4?

The Form 4 reports an acquisition of 2,193 shares of Capital Southwest common stock on 08/12/2025 under the 2021 Non-Employee Director Restricted Stock Award Plan.

Who filed the Form 4 for CSWC?

The reporting person is Ramona L. Rogers-Windsor, identified as a Director of Capital Southwest Corporation.

How many shares does the reporting person own after the transaction?

The Form 4 lists beneficial ownership following the transaction as 20,828.1428 shares.

Was any cash paid for the shares reported on the Form 4?

No cash purchase is recorded; the price is listed as $0, reflecting issuance under a restricted stock award plan.

When was the Form 4 signed and filed?

The Form 4 is signed by the reporting person on 08/13/2025 and reports the transaction date of 08/12/2025.