Horizon CEO granted 93,527 shares in merger
Horizon Technology Finance Corp director and Chief Executive Officer Michael Balkin reported an acquisition of common stock tied to the completion of a merger.
Rhea-AI Filing Summary
Horizon Technology Finance Corp director and Chief Executive Officer Michael Balkin reported an acquisition of common stock tied to the completion of a merger. He received 93,527 shares of Horizon common stock at no cash cost, described as a grant or award acquisition.
Following this transaction, Balkin directly holds 103,527 shares of Horizon common stock. In addition, he has an indirect holding of 20,000 shares through a revocable trust for which he serves as trustee.
According to the merger agreement, each share of Monroe Capital Corporation common stock was converted into the right to receive 0.9402 shares of Horizon common stock, based on a market price of $4.57 per Horizon share on the trading day before the merger closed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 93,527 shares
Grant/Award
2 txns
Insider
Balkin Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93,527 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 103,527 shares (Direct);
Common Stock — 20,000 shares (Indirect, By Self as Trustee for Michael P. Balkin Revocable Trust dated 11/1/93 as Amended)
Footnotes (1)
- F1. Acquired upon the completion of, and pursuant to, the transactions contemplated by the Agreement and Plan of Merger, dated as of August 7, 2025, by and among Horizon Technology Finance Corporation ("HRZN"), a Delaware corporation, Monroe Capital Corporation ("MRCC"), a Maryland corporation, HMMS, Inc., a Maryland corporation, Monroe Capital BDC Advisors, LLC, a Delaware limited liability company, and Horizon Technology Finance Management LLC, a Delaware limited liability company (the "Merger Agreement"). Pursuant to the Merger Agreement, each share of MRCC common stock, par value $0.001 per share, was converted into the right to receive 0.9402 shares of HRZN common stock, par value $0.001 per share. The market price of HRZN common stock at the close of trading on April 13, 2026, the last trading day prior to closing of the merger, was $4.57.
Key Figures
Grant shares: 93,527 shares
Direct holdings after: 103,527 shares
Indirect trust holdings: 20,000 shares
+2 more
5 metrics
Grant shares
93,527 shares
Common stock grant/award acquisition on April 14, 2026
Direct holdings after
103,527 shares
Total direct Horizon common stock after transaction
Indirect trust holdings
20,000 shares
Held via Michael P. Balkin Revocable Trust
Exchange ratio
0.9402 shares
Horizon shares per Monroe Capital common share in merger
Reference market price
$4.57 per share
Horizon stock closing price on April 13, 2026
Key Terms
Agreement and Plan of Merger, par value, revocable trust, common stock
4 terms
Agreement and Plan of Merger regulatory
"pursuant to, the transactions contemplated by the Agreement and Plan of Merger, dated as of August 7, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
par value financial
"each share of MRCC common stock, par value $0.001 per share, was converted"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
revocable trust financial
"By Self as Trustee for Michael P. Balkin Revocable Trust dated 11/1/93 as Amended"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
common stock financial
"Each share of MRCC common stock, par value $0.001 per share, was converted"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Horizon Technology Finance (HRZN) CEO Michael Balkin report on this Form 4?
Michael Balkin reported acquiring 93,527 shares of Horizon common stock as a grant or award related to a completed merger. After this transaction, he directly owns 103,527 shares and also has indirect holdings through a revocable trust.
How is the Monroe Capital Corporation merger reflected in this Horizon (HRZN) Form 4?
The filing explains that each Monroe Capital Corporation share was converted into 0.9402 Horizon shares under a merger agreement. Balkin’s new Horizon holdings stem from this share conversion structure, which was applied upon closing of the merger between the two companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
