Horizon Technology Finance (HRZN) director awarded 49,926 merger shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ALLISON THOMAS J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 49,926 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,926 shares (Direct)
Footnotes (1)
- [object Object]
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
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.
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 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.