Insider linked to New Mountain Finance (NMFC) buys 237,873 shares at $8.10
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
New Mountain Finance Corp director and 10% owner Steven B. Klinsky reported indirect open-market purchases of a total of 237,873 shares of the company’s common stock at a price of $8.10 per share on March 5, 2026.
The purchases were made through entities associated with him, including various trusts such as the Steven B. Klinsky 2008 Long Term Trust, the Steven B. Klinsky Non-GST Exempt Trust, and several 2024 Revocable Trusts. The filing notes that he disclaims beneficial ownership of many of these indirectly held shares except to the extent of his pecuniary interest, and it also references shares previously acquired under the dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 237,873 shares ($1,926,771)
Net Buy
10 txns
Insider
KLINSKY STEVEN B
Role
Director, 10% Owner
Bought
237,873 shs ($1.93M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 79,291 | $8.10 | $642K |
| Purchase | Common Stock | 158,582 | $8.10 | $1.28M |
| 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 — 1,298,444 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 buying did Steven B. Klinsky report for New Mountain Finance Corp (NMFC)?
The filing reports that entities associated with Steven B. Klinsky purchased a total of 237,873 shares of New Mountain Finance Corp common stock. These were indirect open-market purchases attributed to various trusts and related entities connected to Klinsky, rather than directly to him personally.
How is Steven B. Klinsky’s ownership in New Mountain Finance Corp structured in this filing?
Ownership is spread across direct and indirect holdings, with many shares held through trusts such as the Steven B. Klinsky 2008 Long Term Trust, the Non-GST Exempt Trust, and 2024 Revocable Trusts. The filing states Klinsky disclaims beneficial ownership of many indirectly held shares except for his pecuniary interest.
What does the dividend reinvestment plan reference mean in the NMFC Form 4?
One footnote explains that some shares were previously acquired under the New Mountain Finance Corporation dividend reinvestment plan. This indicates a portion of the reported holdings comes from automatically reinvested dividends, adding to the total share count without separate open-market purchase transactions.
Why does the NMFC Form 4 say Steven B. Klinsky disclaims beneficial ownership of certain shares?
Several footnotes state that shares are held by specific trusts or by an immediate family member through trusts, and that Klinsky disclaims beneficial ownership except to the extent of his pecuniary interest. This clarifies legal and economic ownership where trusts or relatives directly hold the stock.