Saratoga Investment CEO-owned firm buys shares
The purchase-day price ranges were $14.50–$15.10 on October 8 and $14.60–$14.94 on October 9.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Saratoga Investment Corp. (SAJ) reported that Saratoga Investment Advisors, LLC, which is 100% owned and controlled by CEO and Director Christian L. Oberbeck, purchased 15,000 common shares on October 8, 2026, at a weighted-average price of $14.89, and 15,000 shares on October 9, 2026, at $14.83. Each purchase involved multiple transactions. No Rule 10b5-1 plan is reported for these purchases.
Insider Trade Summary
Net Buyer: 30,000 shares
Net Buy
7 txns
Insider
Oberbeck Christian L
Role
CEO and Director
Bought
30,000 shs ($446K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F2 | 15,000 | $14.83 | $222K |
| Purchase | Common Stock F1 | 15,000 | $14.89 | $223K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,000 shares (Indirect, By Saratoga Investment Advisors, LLC);
Common Stock — 745,804 shares (Direct);
Common Stock — 477 shares (Indirect, By CLO Partners LLC);
Common Stock — 100,000 shares (Indirect, By CLO Partners Holdings LLC);
Common Stock — 95,574 shares (Indirect, By children);
Common Stock — 2,141 shares (Indirect, By wife)
Footnotes (2)
- F1. On October 8, 2026, Saratoga Investment Advisors LLC ("SIA LLC") purchased 15,000 shares of common stock. SIA LLC is 100% owned and controlled by Mr. Oberbeck. The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.50 to $15.10 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Saratoga Investment Corp. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2. On October 9, 2026, Saratoga Investment Advisors LLC ("SIA LLC") purchased 15,000 shares of common stock. SIA LLC is 100% owned and controlled by Mr. Oberbeck. The price reported in Column 4 is a weighted-average price, rounded to the nearest hundredth. These shares were purchased in multiple transactions at prices ranging from $14.60 to $14.94 per share, inclusive. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, Saratoga Investment Corp. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Key Figures
Common shares purchased: 15,000 shares
Weighted-average purchase price: $14.89 per share
Common shares purchased: 15,000 shares
+1 more
4 metrics
Common shares purchased
15,000 shares
Saratoga Investment Advisors, LLC; October 8, 2026
Weighted-average purchase price
$14.89 per share
Saratoga Investment Advisors, LLC; October 8, 2026
Common shares purchased
15,000 shares
Saratoga Investment Advisors, LLC; October 9, 2026
Weighted-average purchase price
$14.83 per share
Saratoga Investment Advisors, LLC; October 9, 2026
Key Terms
weighted-average price, Rule 10b5-1 plan, open market or private transaction
3 terms
weighted-average price financial
"The price reported is a weighted-average price"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
Rule 10b5-1 plan regulatory
"No Rule 10b5-1 plan is reported for these purchases"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open market or private transaction financial
"Purchase in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What price ranges did the SAJ purchases cover?
The October 8, 2026 purchase transactions were priced from $14.50 to $15.10 per share, inclusive; the October 9, 2026 transactions were priced from $14.60 to $14.94 per share, inclusive. The reported prices of $14.89 and $14.83 are weighted averages rounded to the nearest hundredth.
AI-generated analysis. How Rhea-AI works. Not financial advice.
