[Form 4] Capital Southwest Corp Insider Trading Activity

Rhea-AI Filing Summary

Jack D. Furst, a director of Capital Southwest Corporation (CSWC), received 2,193 shares of common stock on 08/12/2025 under the companys 2021 Non-Employee Director Restricted Stock Award Plan at no cash price. After the grant, Mr. Furst directly beneficially owns 47,948 shares and indirectly holds 39,000 additional shares through FMAB Partners, LP, a limited partnership he controls in part; he disclaims beneficial ownership of those 39,000 shares except to the extent of his pecuniary interest. The Form 4 was signed on 08/14/2025.

Positive

• 2,193 shares issued under the 2021 Non-Employee Director Restricted Stock Award Plan to align director interests with shareholders
• Clear disclosure of indirect holdings via FMAB Partners, LP including a disclaimer of beneficial ownership except for pecuniary interest

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity award increases direct stake by 2,193 shares; overall holdings remain concentrated through direct and indirect positions.

The filing documents a standard restricted stock award to a non-employee director, consistent with typical director compensation practices. The grant was issued at $0 under the 2021 Non-Employee Director Restricted Stock Award Plan, increasing reported direct ownership to 47,948 shares. The filing also discloses an indirect position of 39,000 shares held by FMAB Partners, LP, which the reporting person controls in part but disclaims beneficial ownership of except for a pecuniary interest. This disclosure is informational and does not indicate a change to operating performance or capital structure.

Corporate Governance Expert

TL;DR: Standard governance disclosure showing director alignment via equity compensation and clear indirect holdings disclosure.

The Form 4 provides transparent reporting of a directors compensation-related equity grant and the structure of indirect holdings. The note explaining FMAB Partners, LP clarifies the reporting persons relationship to the partnership and limits claimed beneficial ownership, which is important for compliance with Section 16 reporting rules. No departures, sales, or other governance concerns are evident from the filing itself.

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
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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^*

FURST JACK D

(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	47,948	D
Common Stock								39,000	I	FMAB Partners, LP(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. These securities are held by FMAB Partners, LP, a limited partnership controlled by the reporting person provided that the reporting person holds 50% of the membership interest in the sole general partner of FMAB Partners, LP. The reporting person disclaims beneficial ownership of the reported shares of common stock except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Jack D. Furst	08/14/2025
	** 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 did Jack D. Furst report on the Form 4 for CSWC?

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

How many shares does Jack D. Furst beneficially own after the reported transaction?

After the grant, the filing shows 47,948 shares directly beneficially owned by Mr. Furst and 39,000 shares indirectly held by FMAB Partners, LP.

What is FMAB Partners, LPs relationship to the reporting person?

The filing states FMAB Partners, LP is a limited partnership controlled by the reporting person, and the reporting person holds 50% of the membership interest in the sole general partner; he disclaims beneficial ownership except for his pecuniary interest.

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

No cash price was reported; the transaction lists the price as $0, indicating the shares were issued as a restricted stock award.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by /s/ Jack D. Furst on 08/14/2025.