Director-linked trusts add NMFC stock in New Mountain Finance (NMFC) Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
New Mountain Finance Corp director Steven B. Klinsky reported net open-market purchases of 324,727 shares of common stock on February 27 and March 2. The buy transactions were executed at per-share prices of $7.6924 and $7.7852.
The purchases were made indirectly through multiple trusts and an immediate family member, which directly hold the shares. The filing states that Klinsky disclaims beneficial ownership of these trust-held shares except to the extent of his pecuniary interest. Several additional entries update direct and indirect share balances without new buy or sell codes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 324,727 shares ($2,515,258)
Net Buy
12 txns
Insider
KLINSKY STEVEN B
Role
Director
Bought
324,727 shs ($2.52M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 62,242 | $7.7852 | $485K |
| Purchase | Common Stock | 124,483 | $7.7852 | $969K |
| Purchase | Common Stock | 46,001 | $7.6924 | $354K |
| Purchase | Common Stock | 92,001 | $7.6924 | $708K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,073,354 shares (Indirect, See Note);
Common Stock — 116,823.91 shares (Direct)
Footnotes (1)
- Includes shares previously acquired under the New Mountain Finance Corporation dividend reinvestment plan. The Steven B. Klinsky 2008 Long Term Trust directly owns these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The Steven B. Klinsky Non-GST Exempt Trust directly owns these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Includes (i) 16 shares held directly and (ii) 11,175 shares held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 1") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 1 except to the extent of his pecuniary interest therein. The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 2") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 2 except to the extent of his pecuniary interest therein. The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 3") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 3 except to the extent of his pecuniary interest therein.
FAQ
What insider transactions did NMFC report for Steven B. Klinsky?
The filing shows entities associated with director Steven B. Klinsky bought 324,727 New Mountain Finance Corp common shares. These open-market purchases occurred on February 27 and March 2 at prices around $7.69 and $7.79 per share, all reported as indirect ownership.
Does the NMFC Form 4 mention a dividend reinvestment plan?
Yes. One footnote states that certain reported holdings include shares previously acquired under the New Mountain Finance Corporation dividend reinvestment plan. This clarifies that part of the position grew through automatic reinvestment of dividends rather than only through recent open-market purchases.