Capital Southwest (NASDAQ: CSWC) CIO receives 100,000-share grant and tax withholding on vested stock

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CAPITAL SOUTHWEST CORP executive equity compensation and tax withholding transactions were reported by Senior Managing Director & CIO Joshua S. Weinstein. He received a grant of 100,000 shares of Common Stock under the 2021 Employee Restricted Stock Award Plan, reflecting stock-based compensation rather than an open-market purchase.

To cover related tax liabilities upon vesting of restricted shares, 11,349 shares at $23.28 and 9,588 shares at $23.54 were withheld and delivered back, classified as tax-withholding dispositions. After these non-market transactions, Weinstein directly holds 380,585 shares of Common Stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Weinstein Joshua S.

Role Senior Managing Director & CIO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	9,588	$23.54	$226K
Tax Withholding	Common Stock	11,349	$23.28	$264K
Grant/Award	Common Stock	100,000	$0.00	--

Holdings After Transaction: Common Stock — 380,585 shares (Direct, null)

Footnotes (1)

Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan. This withholding transaction was approved by the Compensation Committee of Capital Southwest's Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder. Shares issued under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan.

Key Figures

Equity grant: 100,000 shares Tax withholding (first): 11,349 shares at $23.28 Tax withholding (second): 9,588 shares at $23.54 +2 more

5 metrics

Equity grant 100,000 shares Common Stock grant under 2021 Employee Restricted Stock Award Plan on June 9, 2026

Tax withholding (first) 11,349 shares at $23.28 Tax-withholding disposition on June 9, 2026

Tax withholding (second) 9,588 shares at $23.54 Tax-withholding disposition on June 10, 2026

Total tax-withheld shares 20,937 shares Aggregate F-code tax-withholding dispositions reported

Shares held after transactions 380,585 shares Direct Common Stock holdings following June 10, 2026 transaction

Key Terms

restricted shares, tax liability, Rule 16b-3(d)(1), section 16(b), +1 more

5 terms

restricted shares financial

"Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

tax liability financial

"Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan."

Rule 16b-3(d)(1) regulatory

"This withholding transaction was approved by the Compensation Committee ... in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934."

section 16(b) regulatory

"the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder."

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Employee Restricted Stock Award Plan financial

"Shares issued under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan."

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 06:33 PM

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

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^*

Weinstein Joshua S.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Managing Director & CIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/09/2026		F⁽¹⁾		11,349	D	$23.28	290,173	D
Common Stock	06/09/2026		A⁽²⁾		100,000	A	$0	390,173	D
Common Stock	06/10/2026		F⁽¹⁾		9,588	D	$23.54	380,585	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares withheld for payment of tax liability upon vesting of restricted shares granted under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan. This withholding transaction was approved by the Compensation Committee of Capital Southwest's Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.

2. Shares issued under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan.

Remarks:

	/s/ Joshua S. Weinstein	06/10/2026
	** 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 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CSWC executive Joshua Weinstein report on this Form 4?

Joshua Weinstein reported a grant of 100,000 shares of CAPITAL SOUTHWEST CORP Common Stock and two tax-withholding dispositions totaling 20,937 shares. These events relate to equity compensation and associated tax payments, not open-market stock purchases or sales.

Were the CSWC Form 4 transactions open-market buys or sells of stock?

No, the CSWC Form 4 shows no open-market buys or sells. It reports a 100,000-share grant and two tax-withholding dispositions used to pay tax liabilities upon vesting of restricted shares under the company’s 2021 Employee Restricted Stock Award Plan.

How many CSWC shares does Joshua Weinstein hold after these transactions?

After the reported grant and tax-withholding dispositions, Joshua Weinstein directly holds 380,585 shares of CAPITAL SOUTHWEST CORP Common Stock. This figure reflects his post-transaction position shown in the filing for his non-derivative equity holdings.

What is the size of the tax-withholding dispositions reported for CSWC stock?

The filing shows tax-withholding dispositions of 11,349 CSWC shares at $23.28 and 9,588 shares at $23.54. Together, 20,937 shares were withheld to satisfy tax obligations tied to restricted stock vesting under the company’s equity plan.

Under which plan were Joshua Weinstein’s CSWC restricted shares issued?

Weinstein’s restricted shares were issued under the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan. The Form 4 footnotes state both the grant issuance and the tax-withholding transactions are related to awards under this specific equity compensation plan.

How were CSWC tax-withholding transactions approved in this Form 4?

The tax-withholding transactions were approved by Capital Southwest’s Compensation Committee in accordance with Rule 16b-3(d)(1) under the Securities Exchange Act of 1934, and are described as exempt from Section 16(b) under Rule 16b-3(e) in the Form 4 footnotes.