Director Allison receives 49,926 Horizon shares

Horizon Technology Finance Corp director ALLISON THOMAS J. acquired 49,926 shares of common stock as part of the completion of a merger with Monroe Capital Corporation.

Rhea-AI Filing Summary

Horizon Technology Finance Corp director ALLISON THOMAS J. acquired 49,926 shares of common stock as part of the completion of a merger with Monroe Capital Corporation. The shares were received at no cash cost in a grant/award-type acquisition.

Under the Merger Agreement, each share of Monroe Capital Corporation common stock was converted into the right to receive 0.9402 shares of Horizon Technology Finance Corp common stock. Following this merger-related issuance, Allison directly holds 49,926 Horizon common shares.

Insider Trade Summary

Grant/Award: 49,926 shares

Grant/Award 1 txn

Insider ALLISON THOMAS J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	49,926	$0.00	$0.00

Holdings After Transaction: Common Stock — 49,926 shares (Direct)

Footnotes (1)

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

Shares acquired: 49,926 shares Shares owned after: 49,926 shares Transaction price per share: $0.00 +3 more

6 metrics

Shares acquired 49,926 shares Common stock received on April 14, 2026

Shares owned after 49,926 shares Total direct holdings following transaction

Transaction price per share $0.00 Grant/award acquisition, no cash paid

Merger exchange ratio 0.9402 shares HRZN shares per MRCC common share

Reference market price $4.57 HRZN closing price on April 13, 2026

Form type Form 4 Insider acquisition reporting

Key Terms

Agreement and Plan of Merger, Merger Agreement, par value, common stock, +1 more

5 terms

Agreement and Plan of Merger regulatory

"Acquired upon the completion of, and 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.

Merger Agreement regulatory

"...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.

par value financial

"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."

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.

common stock financial

"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..."

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.

market price financial

"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."

Market price is the current amount buyers are willing to pay and sellers are willing to accept for a share or other security at a given moment, like the tag on an item in a busy shop that changes with demand. It matters to investors because it determines what you would receive when selling or what you must pay to buy now, reflecting supply, demand and recent news that affect perceived value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Horizon Technology Finance Corp (HRZN) report for ALLISON THOMAS J.?

Horizon Technology Finance Corp reported that director ALLISON THOMAS J. acquired 49,926 common shares. The shares were issued at no cash cost, received as part of completing a merger rather than through an open-market purchase or sale.

How many Horizon (HRZN) shares does ALLISON THOMAS J. hold after this Form 4 transaction?

After the reported transaction, ALLISON THOMAS J. directly holds 49,926 Horizon common shares. This entire position reflects stock received through the merger conversion, as the transaction increased his direct holdings to that 49,926-share level.

Was the Horizon (HRZN) Form 4 transaction an open-market buy or sell?

The Form 4 does not show an open-market buy or sell. Instead, it records a grant or award acquisition, where 49,926 Horizon common shares were received at no cash cost in connection with the completion of a merger.

What exchange ratio applied in the Horizon–Monroe Capital merger for HRZN shares?

Each share of Monroe Capital Corporation common stock converted into the right to receive 0.9402 shares of Horizon Technology Finance Corp common stock. This fixed stock-for-stock exchange ratio determined how many Horizon shares former Monroe holders, including the director, received.

What reference market price is mentioned in the Horizon (HRZN) Form 4 footnote?

The footnote states that Horizon common stock closed at $4.57 on April 13, 2026, the last trading day before the merger closed. This price is cited as a market reference point, not as a transaction purchase or sale price.

Why did ALLISON THOMAS J. receive Horizon (HRZN) shares according to the filing?

He received Horizon shares upon completion of the merger described in the Merger Agreement among Horizon, Monroe Capital Corporation, and related entities. His Monroe Capital shares were converted into Horizon shares according to the 0.9402 exchange ratio.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/14/2026 - 07:28 PM Learn about SEC filing dates

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^*

ALLISON THOMAS J.

(Last) (First) (Middle)

312 FARMINGTON AVENUE

(Street)

FARMINGTON CONNECTICUT 06032

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Horizon Technology Finance Corp [ HRZN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/14/2026		A		49,926	A	(1)	49,926	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Thomas J. Allison	04/14/2026
	** 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)