Form 4: MAIN VP/Director increases holdings via dividend reinvestment

Rhea-AI Filing Summary

Main Street Capital Corporation (MAIN) reporting person Ryan McHugh, who serves as VP, CAO & Assistant Treasurer and a director, reported acquisitions of Common Stock on 07/15/2025. The filings show two non-derivative transactions coded J(1) indicating acquisitions under a dividend reinvestment plan exempt under Rule 16a-11. Each transaction lists a price of $63.57. The Form 4 shows beneficial ownership amounts following the reported transactions of 12,674.1998 and 12,695.3598 shares respectively. The form is signed by an attorney-in-fact on 08/14/2025 and includes an explicit explanation that the shares were acquired via dividend reinvestment.

Positive

• Insider acquisition disclosed, showing the reporting person increased beneficial ownership through a dividend reinvestment plan
• Clear explanation that transactions were made under a dividend reinvestment plan and are exempt under Rule 16a-11

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine insider share acquisitions via dividend reinvestment; complies with Rule 16a-11 disclosure conventions.

The Form 4 discloses insider purchases coded J(1), with a clear explanatory note that the acquisitions were made under a dividend reinvestment plan and are exempt from Section 16 reporting under Rule 16a-11. Transaction date is 07/15/2025 and price is shown as $63.57. Reporting relationships are clearly stated (VP, CAO & Assistant Treasurer and director). The filing appears to meet disclosure expectations for non-discretionary dividend reinvestment activity and is signed by an attorney-in-fact.

Corporate Governance Specialist

TL;DR: Informational disclosure of routine DRIP activity; no material governance change disclosed.

The report documents additional common stock credited to an insider through a dividend reinvestment plan, increasing beneficial share counts to the levels reported. There is no indication of discretionary open-market purchases, grants, sales, or any change in role or control. Given the explanatory statement and standard Form 4 formatting, this is a routine filing that informs shareholders of incremental insider ownership changes due to dividend reinvestment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McHugh Ryan

Role VP, CAO & Assistant Treasurer

Type	Security	Shares	Price	Value
Other	Common Stock	26.3461	$63.57	$2K
Other	Common Stock	21.16	$63.57	$1K

Holdings After Transaction: Common Stock — 12,695.3598 shares (Direct)

Footnotes (1)

1. F1. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/14/2025 - 04:56 PM Learn about SEC filing dates

FAQ

What did Ryan McHugh report on the Form 4 for MAIN?

The Form 4 reports that Ryan McHugh acquired common stock on 07/15/2025 under a dividend reinvestment plan, with transactions shown at a price of $63.57.

Were the transactions discretionary open-market trades?

No. The filing explains the shares were acquired under a dividend reinvestment plan and are exempt from Section 16 reporting under Rule 16a-11.

How many shares are shown as beneficially owned after the transactions?

The Form 4 shows beneficial ownership amounts following the reported transactions of 12,674.1998 and 12,695.3598 shares (as listed in the filing).

What is Ryan McHugh's role at Main Street Capital (MAIN)?

The filing lists Ryan McHugh as a Director and as VP, CAO & Assistant Treasurer of Main Street Capital.

When was the Form 4 signed?

The Form 4 includes a signature by an attorney-in-fact dated 08/14/2025.

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^*

McHugh Ryan

(Last) (First) (Middle)

1300 POST OAK BLVD

8TH FLOOR

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Main Street Capital CORP [ MAIN ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CAO & Assistant Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	07/15/2025		J(1)	V	26.3461	A	$63.57	12,674.1998	D
Common Stock	07/15/2025		J(1)	V	21.16	A	$63.57	12,695.3598	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. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.

	/s/ Jason B. Beauvais, Attorney-in-Fact	08/14/2025
	** 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.