Main Street Capital (MAIN) Form 4: DRIP purchases and gift transfer reported

Rhea-AI Filing Summary

David L. Magdol, President, CIO and SMD of Main Street Capital Corporation (MAIN), reported multiple Form 4 transactions. On 08/15/2025 he acquired 93.914 shares in two dividend-reinvestment transactions (45.389 shares at $67.15 and 48.525 shares at $67.3399), bringing his post-transaction direct holdings to 404,150.9241 shares. On 08/29/2025 he transferred 2,182 shares as a gift (reported at $0), reducing holdings to 404,057.0101 shares. The filing was signed by an attorney-in-fact on 09/02/2025. All transactions are reported as direct ownership and the filing cites Rule 16a-11 for the dividend reinvestment and Rule 16b-5 for the gift exemption.

Positive

• Insider increased ownership through dividend reinvestment of 93.914 shares on 08/15/2025
• Clear disclosure using Rule 16a-11 for DRIP and Rule 16b-5 for the gift exemption, indicating procedural compliance
• Direct beneficial ownership remains substantial at approximately 404,057 shares after transactions

Negative

• Insider transferred 2,182 shares as a gift on 08/29/2025, reducing direct holdings
• No information on recipient of the gifted shares is provided in the filing

Insights

Securities Analyst

TL;DR: Insider modestly increased holdings via dividend reinvestment and made a small gift, net change minimal relative to total holdings.

These Form 4 entries show routine equity activity by a senior executive: two dividend-reinvestment acquisitions totaling 93.914 shares on 08/15/2025 and a 2,182-share gift transfer on 08/29/2025. The purchases were executed under the company DRIP and reported under Rule 16a-11, which is a common, non-discretionary method of increasing share ownership. The gift is reported as exempt under Rule 16b-5. Post-transaction direct beneficial ownership remains around 404,057 shares, indicating no material change to insider stake.

Corporate Governance Expert

TL;DR: Transactions are routine, properly disclosed, and use standard exemptions for DRIP and gift transfers.

The filing documents compliant Section 16 reporting by the President and CIO. Use of Rule 16a-11 for dividend reinvestment and Rule 16b-5 for a gift transfer are standard. Signature by an attorney-in-fact is noted and dated 09/02/2025. There are no derivative transactions reported and ownership remains direct. From a governance perspective, disclosures appear complete and procedural.

Insider Trade Summary

Net Seller: 2,182 shares

Net Sell 3 txns

Insider Magdol David L.

Role PRESIDENT, CIO AND SMD

Type	Security	Shares	Price	Value
Gift	Common Stock	2,182	$0.00	$0.00
Other	Common Stock	45.389	$67.15	$3K
Other	Common Stock	48.525	$67.3399	$3K

Holdings After Transaction: Common Stock — 404,057.0101 shares (Direct)

Footnotes (2)

1. F1. The reporting person transferred these shares as a gift pursuant to a transaction exempt from Section 16(b) under Rule 16b-5.
2. F2. 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 09/02/2025 - 04:41 PM Learn about SEC filing dates

FAQ

What transactions did MAIN insider David L. Magdol report on Form 4?

The Form 4 reports two dividend reinvestment acquisitions on 08/15/2025 totaling 93.914 shares and a 2,182-share gift transfer on 08/29/2025.

How many MAIN shares does David L. Magdol beneficially own after these transactions?

Following the reported transactions, his direct beneficial ownership is listed as 404,057.0101 shares.

Were the acquisitions in MAIN part of a dividend reinvestment plan?

Yes. The acquisitions on 08/15/2025 were made under a dividend reinvestment plan and reported as exempt under Rule 16a-11.

Was the 2,182-share transfer a sale or a gift?

The filing states the 2,182-share transfer on 08/29/2025 was a gift and is reported as exempt under Rule 16b-5.

Who signed the Form 4 filing for David L. Magdol?

The Form 4 was signed by Jason B. Beauvais, Attorney-in-Fact on 09/02/2025.

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^*

Magdol David L.

(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)
	PRESIDENT, CIO AND SMD

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		G(1)		2,182	D	$0	404,057.0101	D
Common Stock	08/15/2025		J(2)	V	45.389	A	$67.15	404,102.3991	D
Common Stock	08/15/2025		J(2)	V	48.525	A	$67.3399	404,150.9241	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 transferred these shares as a gift pursuant to a transaction exempt from Section 16(b) under Rule 16b-5.

2. 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	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.