STOCK TITAN

Capital Southwest (CSWC) director trades CSWC shares, modest net buy

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Capital Southwest Corp director Thomas William R III reported mixed trading in company stock. He made an open-market purchase of 5,000 common shares at a weighted average price of $23.3999 per share and an open-market sale of 4,661 shares at $23.293 per share on the same date, resulting in a small net increase of 339 directly held shares.

Following these transactions, he directly owns 13,683 common shares. He also has sole voting and dispositive power over 571,939 shares owned by Thomas Heritage Partners, Ltd. through his role as President and sole manager of its general partner, and an additional 6,000 shares are held indirectly through his son.

Positive

  • None.

Negative

  • None.
Insider Thomas William R III
Role null
Bought 5,000 shs ($117K)
Sold 4,661 shs ($109K)
Type Security Shares Price Value
Sale Common Stock 4,661 $23.293 $109K
Purchase Common Stock 5,000 $23.3999 $117K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 13,683 shares (Direct, null); Common Stock — 6,000 shares (Indirect, Held by reporting person's son)
Footnotes (1)
  1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.255 to $23.33, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. Mr. Thomas is President and sole manager of Thomas Heritage Company, L.L.C., the sole general partner of Thomas Heritage Partners, Ltd. (the "Partnership"). In such capacity, Mr. Thomas has sole voting and dispositive power with respect to 571,939 shares owned by the Partnership.
Open-market purchase 5,000 shares at $23.3999 Common Stock, open-market purchase on reported date
Open-market sale 4,661 shares at $23.293 Common Stock, open-market sale on reported date
Net change in direct shares 339 shares Net of reported buy and sell transactions
Direct holdings after transactions 13,683 shares Common Stock directly owned after reported trades
Indirect partnership holdings 571,939 shares Shares owned by Thomas Heritage Partners, Ltd.
Indirect family holdings 6,000 shares Common Stock held by reporting person’s son
Purchase price range $23.255–$23.33 Range of prices in the weighted-average purchase
open-market purchase financial
"He made an open-market purchase of 5,000 common shares at a weighted average price"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
open-market sale financial
"and an open-market sale of 4,661 shares at $23.293 per share on the same date"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"at a weighted average price of $23.3999 per share and an open-market sale"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
voting and dispositive power financial
"he has sole voting and dispositive power over 571,939 shares owned by the Partnership"
indirect ownership financial
"and an additional 6,000 shares are held indirectly through his son"
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SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Thomas William R III

(Last)(First)(Middle)
C/O CAPITAL SOUTHWEST CORPORATION
8333 DOUGLAS AVE, SUITE 1100

(Street)
DALLAS TEXAS 75225

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CAPITAL SOUTHWEST CORP [ CSWC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026S4,661D$23.293(1)13,683D
Common Stock06/05/2026P5,000A$23.399918,683D
Common Stock6,000IHeld by reporting person's son
Common Stock571,939ISee Footnote(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.255 to $23.33, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
2. Mr. Thomas is President and sole manager of Thomas Heritage Company, L.L.C., the sole general partner of Thomas Heritage Partners, Ltd. (the "Partnership"). In such capacity, Mr. Thomas has sole voting and dispositive power with respect to 571,939 shares owned by the Partnership.
Remarks:
/s/ William R. Thomas06/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did CSWC director Thomas William R III report?

He reported both an open-market purchase and sale of Capital Southwest (CSWC) common stock on the same date, buying 5,000 shares and selling 4,661 shares, resulting in a small net increase of 339 directly held shares.

At what prices did the CSWC insider buy and sell shares?

He purchased 5,000 Capital Southwest (CSWC) shares at a weighted average price of $23.3999 and sold 4,661 shares at $23.293. The purchase price reflects multiple trades between $23.255 and $23.33, according to the weighted-average pricing disclosure.

How many Capital Southwest (CSWC) shares does the director directly own after the transactions?

After the reported transactions, he directly owns 13,683 Capital Southwest (CSWC) common shares. This direct holding reflects the net impact of buying 5,000 shares and selling 4,661 shares in open-market transactions on the reported date.

What indirect holdings of CSWC stock are associated with Thomas William R III?

He has sole voting and dispositive power over 571,939 Capital Southwest (CSWC) shares held by Thomas Heritage Partners, Ltd., and an additional 6,000 shares are held indirectly through his son, according to the reported ownership details and accompanying footnotes.

How significant is the net share change from this CSWC Form 4 filing?

The filing shows a net increase of 339 Capital Southwest (CSWC) shares in his direct holdings. This is small compared with the 571,939 shares over which he has sole voting and dispositive power through Thomas Heritage Partners, Ltd.