[Form 4] Capital Southwest Corp Insider Trading Activity

Rhea-AI Filing Summary

Christine S. Battist, a director of Capital Southwest Corporation (CSWC), received a grant of restricted common stock under the company’s 2021 Non-Employee Director Restricted Stock Award Plan. The Form 4 reports an acquisition of 2,193 shares on 08/12/2025 at a reported price of $0, reflecting a grant rather than a cash purchase. Following the reported transaction, the filing shows 11,948 shares owned directly and 7,281 held indirectly by a trust established by Christine Sue Battist (Trust Agreement dated August 13, 2007). No derivative securities are reported. The filing identifies Battist as a director and provides the issuer ticker CSWC.

Insights

Corporate Governance Expert

TL;DR Routine director compensation via restricted stock, increasing director alignment with shareholders but not signaling material corporate change.

The reported issuance of 2,193 restricted shares to Director Christine Battist is consistent with standard non-employee director compensation practices. The grant price of $0 indicates these are restricted awards, subject to vesting and transfer restrictions rather than an open-market purchase. Beneficial ownership after the grant remains split between 11,948 direct and 7,281 indirect (trust) holdings, which modestly increases the director’s direct stake. This is a governance alignment action, not a transaction that, on its face, alters control or corporate strategy.

Securities Analyst

TL;DR Small equity grant to a director; immaterial to capital structure and valuation absent additional context on outstanding shares.

The Form 4 discloses a non-cash grant of 2,193 common shares under the 2021 Non-Employee Director Plan, recorded at a price of $0. The filing separately shows 11,948 shares held directly and 7,281 indirectly via a trust. There are no derivative positions reported. Without information on total outstanding shares or planned future grants, this transaction appears routine and unlikely to have a measurable impact on share count or investor valuation.

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^*

BATTIST CHRISTINE

(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	11,948	D
Common Stock								7,281	I	By Trust(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)
				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

2. Shares held by Trust Agreement of Christine Sue Battist dated August 13, 2007.

Remarks:

	/s/ Christine S. Battist	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).
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