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Main Street Capital Form 4: DRIP buy and gift by executive

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Main Street Capital Corp (MAIN) reporting person Jason B. Beauvais (EVP, GC, Secretary and director) disclosed two non-derivative transactions. On 08/15/2025 he acquired 90.255 shares through the company's dividend reinvestment plan at an indicated price of $67.15, increasing his reported beneficial ownership to 181,330.3619 shares. On 09/02/2025 he transferred 115 shares as a gift, reducing his reported beneficial ownership to 181,215.3619. The Form 4 notes both transactions are exempt from Section 16(b) or treated under Rule 16a-11 as applicable.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider used DRIP to add a small stake, then made a gift of 115 shares; overall holdings changed marginally.

The filing shows routine insider activity rather than material repositioning. The 90.255-share acquisition via dividend reinvestment is an automatic, non-discretionary increase to ownership and was completed under Rule 16a-11. The subsequent 115-share transfer was a gift and reduced holdings by roughly 0.06% of the total reported position (115 of ~181k). For investors, these actions reflect personal share management, not a clear signal about company fundamentals.

TL;DR: Transactions are routine and documented with required exemptions; no governance red flags present.

The Form 4 appropriately discloses the dividend reinvestment acquisition and a gift transfer, both accompanied by explanatory notes referencing Rule 16a-11 and Rule 16b-5 exemptions. The reporting person is an executive officer and director, and the form is individually filed and signed. No amendments or indications of undisclosed related-party transactions appear in this filing.

Insider Beauvais Jason B
Role EVP, GC, SECRETARY
Type Security Shares Price Value
Gift Common Stock 115 $0.00 --
Other Common Stock 90.255 $67.15 $6K
Holdings After Transaction: Common Stock — 181,215.362 shares (Direct)
Footnotes (1)
  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. The reporting person transferred these shares as a gift pursuant to a transaction exempt from Section 16(b) under Rule 16b-5.
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Form 4 Insider Transactions: What Each Field Means →
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*
Beauvais Jason B
(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)
EVP, GC, SECRETARY
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025
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 08/15/2025 J(1) V 90.255 A $67.15 181,330.3619 D
Common Stock 09/02/2025 G(2) 115 D $0 181,215.3619 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.
2. The reporting person transferred these shares as a gift pursuant to a transaction exempt from Section 16(b) under Rule 16b-5.
/s/ Jason B. Beauvais 09/02/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Jason B. Beauvais report on Form 4 for MAIN?

He reported acquiring 90.255 shares via dividend reinvestment on 08/15/2025 and transferring 115 shares as a gift on 09/02/2025.

How did these transactions change Beauvais' beneficial ownership in MAIN?

Beneficial ownership increased to 181,330.3619 shares after the DRIP acquisition and decreased to 181,215.3619 shares after the gift transfer.

Were the transactions exempt from Section 16 reporting rules?

The filing states the DRIP acquisition was under Rule 16a-11 and the gift transfer was treated as exempt under Rule 16b-5.

What is the reported price for the acquired shares?

The dividend reinvestment acquisition lists a price of $67.15 per share.

Who filed the Form 4 and what is his role at MAIN?

Jason B. Beauvais filed the Form 4; he is listed as an EVP, General Counsel, Secretary and a director.