Form 4: SOLCHER STEPHEN B reports multiple insider transactions in MAIN
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SOLCHER STEPHEN B reported multiple insider transaction types in a Form 4 filing for MAIN. The filing lists transactions totaling 158 shares at a weighted average price of $64.20 per share. Following the reported transactions, holdings were 50,022 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SOLCHER STEPHEN B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 157.871 | $64.20 | $10K |
Holdings After Transaction:
Common Stock — 50,021.718 shares (Direct)
Footnotes (1)
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FAQ
What did Main Street Capital (MAIN) director Stephen B. Solcher report on this Form 4?
Stephen B. Solcher reported acquiring additional Main Street Capital common shares through a dividend reinvestment plan. The filing reflects an automatic share acquisition rather than an open-market trade, increasing his directly held beneficial ownership in the company’s stock.
What type of transaction code is used in this Main Street Capital (MAIN) Form 4?
The Form 4 uses transaction code J, which generally indicates a transaction that does not fit standard buy or sell categories. Here, it reflects a dividend reinvestment acquisition that is exempt from certain Section 16 rules under SEC Rule 16a-11.
Is the Main Street Capital (MAIN) dividend reinvestment transaction exempt from Section 16?
Yes. The footnote explains the shares were acquired under a dividend reinvestment plan in a transaction exempt from Section 16 under SEC Rule 16a-11. This exemption applies to specific automatic reinvestment arrangements meeting regulatory conditions.
Does this Main Street Capital (MAIN) Form 4 indicate direct or indirect ownership?
The Form 4 classifies Solcher’s holdings as direct ownership, using code “D” in the ownership column. This means the reported 50,021.7177 shares are held directly by him, rather than indirectly through a trust, partnership, or other affiliated entity.