Fund tied to Carlson Capital sells RWAY shares
Runway Growth Finance Corp. reported an insider sale by a large shareholder’s fund.
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Form Type
4
Rhea-AI Filing Summary
Runway Growth Finance Corp. reported an insider sale by a large shareholder’s fund. A fund managed by Carlson Capital, L.P. sold 560,105 shares of Runway Growth Finance common stock in open‑market transactions at approximately $6.59 per share on April 9.
According to the footnotes, the shares are held by Double Black Diamond Offshore Ltd., for which Carlson Capital acts as investment manager, and the reporting persons disclaim beneficial ownership beyond their pecuniary interests. After the sale, that fund’s reported holdings were 3,885,000 shares, indicating it retained a substantial position.
Insider Trade Summary
Net Seller: 560,105 shares
Net Sell
10 txns
Insider
Carlson Capital, L.P., Carlson Clint Duane
Role
10% Owner | 10% Owner
Sold
560,105 shs ($3.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share (the "Common Stock") | 560,105 | $6.59 | $3.69M |
| holding | Common Stock | -- | -- | -- |
| 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, par value $0.01 per share (the "Common Stock") — 3,885,000 shares (Direct);
Common Stock — 314,382 shares (Direct);
Common Stock — 11,727,752 shares (Indirect, See footnote)
Footnotes (11)
- F1. The transactions referenced herein provide for various per share prices ranging from $6.59 to $6.64. The Reporting Persons undertake to provide to Staff of the Securities and Exchange Commission or any security holder of the Issuer, upon full information regarding the number of shares sold at each separate price.
- F2. The shares of Common Stock to which this relates are held directly by Double Black Diamond Offshore Ltd., a Cayman Islands exempted company (the "Fund"). Carlson Capital, L.P., a Delaware limited partnership ("Carlson Capital") serves as the investment manager to, and has the power to direct the affairs of, the Fund. Asgard Investment Corp. II, a Delaware corporation ("Asgard II") serves as the general partner of, and has the power to direct the affairs of, Carlson Capital. Mr. Clint D. Carlson, a U.S. citizen, serves as the president of, and has the power to direct the affairs of, Asgard II, Carlson Capital, and any of its affiliated entities and related parties ("Mr. Clint D. Carlson"). Each of the reporting persons disclaims beneficial ownership of the securities to which this Form 4 relates for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the reporting person's pecuniary interest in the securities.
- F3. These shares of Common Stock are held directly by Carlson Capital GP, L.P., an affiliated entity to Carlson Capital. Carlson Capital GP disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- F4. These shares of Common Stock are held directly by Mr. Clint D. Carlson. Carlson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F5. These shares of Common Stock are held directly by Lewis Carlson, an individual who works at Carlson Capital. Lewis Carlson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F6. These shares of Common Stock are held directly by Owen Augustus Carlson 1997 A Trust, a related party to Carlson Capital. Owen Augustus Carlson 1997 A Trust disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- F7. These shares of Common Stock are held directly by Julian Orlando Carlson 1997 A Trust, a related party to Carlson Capital. Julian Orlando Carlson 1997 A Trust disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- F8. These shares of Common Stock are held directly by The Carlson Foundation, an affiliated entity to Carlson Capital. The Carlson Foundation disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
- F9. These shares of Common Stock are held by Carlson Capital as the investment manager to the Fund. Carlson Capital disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F10. These shares of Common Stock are held by Asgard II as the general partner of Carlson Capital who serves as the investment manager to the Fund. Asgard II disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F11. These shares of Common Stock are held by Mr. Clint D. Carlson as the president of Carlson Capital, Carlson Capital GP, The Carlson Foundation, and Asgard II. Mr. Clint D. Carlson is also the Chief Investment Officer of the investment manager of the Fund. Furthermore, immediate family members of Mr. Clint D. Carlson hold shares. Each disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 560,105 shares
Sale price per share: $6.59 per share
Fund holdings after sale: 3,885,000 shares
+2 more
5 metrics
Shares sold
560,105 shares
Open-market sale of Runway Growth Finance common stock on April 9
Sale price per share
$6.59 per share
Reported transaction price; footnote notes $6.59–$6.64 range
Fund holdings after sale
3,885,000 shares
Total Runway Growth Finance shares reported for the selling fund post-transaction
Carlson Capital direct holding
6,430 shares
Common stock total shown in a direct holding entry
Clint D. Carlson direct holding
209,125 shares
Common stock total shown in a direct holding entry
Key Terms
open-market sale, beneficial ownership, pecuniary interest, investment manager, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership financial
"disclaims beneficial ownership of the securities to which this Form 4 relates"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except as to such extent of the reporting person's pecuniary interest in the securities"
investment manager financial
"Carlson Capital, L.P. serves as the investment manager to, and has the power to direct the affairs of, the Fund"
ten percent owner financial
""is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RWAY disclose in this Form 4?
Runway Growth Finance Corp. disclosed that a fund managed by Carlson Capital, L.P. sold 560,105 common shares in open‑market trades at about $6.59 per share, while retaining a large remaining position reported in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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