Horizon Technology CEO buys 100K shares in market
Horizon Technology Finance Corp CEO Michael Balkin reported significant changes in his shareholdings.
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Form Type
4
Rhea-AI Filing Summary
Horizon Technology Finance Corp CEO Michael Balkin reported significant changes in his shareholdings. On April 14, 2026, he acquired 93,527 shares of common stock as a grant/award acquisition, linked to the completion of a merger in which Monroe Capital Corporation stock was converted into Horizon shares at a 0.9402-to-1 ratio and a reference market price of $4.57 per share.
On June 9, 2026, Balkin made an open-market purchase of 100,000 shares of Horizon common stock at $4.34 per share, bringing his direct holdings to 223,527 shares. He also reports 20,000 shares held indirectly through the Michael P. Balkin Revocable Trust.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
3 txns
Insider
Balkin Michael
Role
Chief Executive Officer
Bought
100,000 shs ($434K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100,000 | $4.34 | $434K |
| holding | Common Stock | -- | -- | -- |
| Grant/Award | Common Stock | 93,527 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 223,527 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
Open-market purchase: 100,000 shares at $4.34
Grant/award acquisition: 93,527 shares
Direct holdings after purchase: 223,527 shares
+3 more
6 metrics
Open-market purchase
100,000 shares at $4.34
Common Stock bought on June 9, 2026
Grant/award acquisition
93,527 shares
Common Stock acquired on April 14, 2026 via merger
Direct holdings after purchase
223,527 shares
Common Stock directly owned following June 9, 2026 trade
Indirect trust holdings
20,000 shares
Held by Michael P. Balkin Revocable Trust as of June 9, 2026
Merger share conversion ratio
0.9402 HRZN shares
Per 1 MRCC share under Merger Agreement
HRZN reference market price
$4.57 per share
Close on April 13, 2026, last day before merger closing
Key Terms
open-market purchase, grant/award acquisition, Agreement and Plan of Merger, Merger Agreement, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
Agreement and Plan of Merger financial
"transactions contemplated by the Agreement and Plan of Merger"
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.
Merger Agreement financial
"and Horizon Technology Finance Management LLC, a Delaware limited liability company (the "Merger Agreement")"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Horizon Technology Finance (HRZN) report for Michael Balkin?
Horizon Technology Finance reported that CEO Michael Balkin received 93,527 common shares as a grant/award and separately bought 100,000 shares in an open-market transaction. Following these moves, he holds 223,527 shares directly and 20,000 shares indirectly through a revocable trust.
What are Michael Balkin’s total reported Horizon Technology Finance (HRZN) holdings after these transactions?
After the reported transactions, Michael Balkin holds 223,527 Horizon Technology Finance common shares directly. In addition, he has 20,000 shares held indirectly as trustee of the Michael P. Balkin Revocable Trust, giving him both direct and indirect exposure to the company’s equity.
At what market price was Horizon Technology Finance (HRZN) trading around the merger closing?
The filing notes that Horizon Technology Finance common stock closed at $4.57 per share on April 13, 2026. This was the last trading day before the merger closed and served as the referenced market price for the share conversion described in the merger agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
