Main Street Capital (MAIN) insider reports dividend reinvestment purchase

Rhea-AI Filing Summary

Main Street Capital Corp (MAIN) director Stephen B. Solcher acquired 151.251 shares of Main Street common stock on 07/15/2025 through the issuer's dividend reinvestment plan. The transaction was reported on Form 4 and is described as a dividend reinvestment exempt under Rule 16a-11. After the purchase, the reporting person is shown as beneficially owning 48,697.4277 shares. The Form 4 was signed by an attorney-in-fact on 08/14/2025.

Positive

• Director increased holdings by 151.251 shares via the dividend reinvestment plan, showing continued insider alignment with shareholders
• Transaction exempt under Rule 16a-11, indicating it is a routine dividend reinvestment rather than opportunistic trading

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider purchase via DRIP indicates continued ownership alignment with shareholders, no new compensation or option exercise disclosed.

The filing documents a small, routine acquisition by a director under the company's dividend reinvestment plan, which is explicitly noted as exempt under Rule 16a-11. This is a common mechanism for insiders to increase stake without separate open-market purchases and does not reflect any discretionary trading or derivative activity. The reported beneficial ownership of 48,697.4277 shares provides context for the director's stake size but the form does not state percentage ownership or any change in control. Impact on governance or control is negligible based on the disclosed quantity.

Securities Analyst

TL;DR: A modest reinvestment purchase of 151.251 shares—routine and non-material to Main Street's market capitalization or outstanding share count.

The transaction code and explanation confirm this was a dividend reinvestment plan purchase, not a market buy or option exercise. Such transactions are generally non-material for valuation models and do not signal strategic moves or imminent corporate actions. The Form 4 provides specific dates and share counts useful for record-keeping and disclosure compliance, but contains no earnings or operational information to alter financial forecasts.

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^*

SOLCHER STEPHEN 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)

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

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	151.251	A	$63.5	48,697.4277	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.

FAQ

What did MAIN director Stephen B. Solcher report on Form 4?

He reported acquiring 151.251 shares of Main Street Capital common stock on 07/15/2025 through the company's dividend reinvestment plan.

How many Main Street shares does the reporting person beneficially own after the transaction?

48,697.4277 shares are reported as beneficially owned following the transaction.

Why was the transaction exempt under Rule 16a-11?

The filing states the shares were acquired under a dividend reinvestment plan, which is an exemption specified by Rule 16a-11 for such routine transactions.

When was the transaction and when was the Form 4 signed?

Transaction date: 07/15/2025. Form signed by attorney-in-fact: 08/14/2025.

Does this Form 4 show any derivative or option activity for MAIN?

No derivatives or option transactions are reported in Table II; only a non-derivative acquisition is recorded in Table I.