TriplePoint (TPVG) Form 4 shows mixed insider activity: purchases and large disposition

Rhea-AI Filing Summary

Sajal K. Srivastava, President, CIO and a director of TriplePoint Venture Growth BDC Corp. (TPVG), reported multiple transactions on Form 4. On 08/28/2025 he purchased 44,630 shares at $6.636 per share and on 08/29/2025 he purchased 65,000 shares at $6.7255. After the 08/28 transaction his beneficial ownership was reported as 423,435 shares and after 08/29 it was 488,435, held indirectly through TriplePoint Capital LLC. The filing also shows a disposition of 295,889.56 shares noted on the form and disclaims beneficial ownership except for pecuniary interest. The report is signed 09/02/2025.

Positive

• Insider purchases totaling 109,630 shares at an average price near $6.68 indicate acquisition activity by a senior executive
• Clear disclosure of transaction dates, prices and ownership form with signature, satisfying Section 16 reporting requirements

Negative

• Large disposition of 295,889.56 shares reported, which materially reduces reported holdings and offsets purchase activity
• Beneficial ownership disclaimer limits clarity on the filer’s exact economic exposure, complicating interpretation of intent

Insights

Financial Analyst

TL;DR Insider made modest open-market purchases after a large reported disposition; net transactions are mixed and warrant monitoring.

The filings show two open-market purchases totaling 109,630 shares at prices near $6.64–$6.73, increasing reported indirect holdings to 488,435 shares via TriplePoint Capital LLC. The form also records a large disposition of 295,889.56 shares, which materially reduces direct holdings but may reflect internal restructuring, dividend reinvestment movements, or other non-market flows noted by the disclaimers. For valuation context, the purchases indicate insider acquisition interest at mid-$6 prices, but the sizable disposition offsets the simple 'insider buys' narrative and produces a neutral near-term signal for investors.

Corporate Governance Expert

TL;DR Multiple transactions and an ownership disclaimer require careful interpretation; disclosure appears procedurally complete.

The filer clearly identifies roles (Director; President and CIO) and files Form 4 with transaction dates and prices. The report includes the standard disclaimer of beneficial ownership and a note that some shares relate to the dividend reinvestment plan, which explains part of the movements. The combination of purchases and a large reported disposal highlights the need to parse whether transfers are internal, plan-driven, or open-market, but the filing itself provides the required procedural information for stakeholders.

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^*

Srivastava Sajal

(Last) (First) (Middle)

C/O TRIPLEPOINT VENTURE GROWTH BDC CORP.

2755 SANDHILL ROAD, SUITE 150

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TriplePoint Venture Growth BDC Corp. [ TPVG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CIO

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		P		44,630	A	$6.636	423,435(1)	I	By TriplePoint Capital LLC
Common Stock	08/29/2025		P		65,000	A	$6.7255	488,435(1)	I	By TriplePoint Capital LLC
Common Stock								295,889.56(2)	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 disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all or any of the reported shares for purposes of Section 16 or for any other purpose.

2. Includes shares of common stock received pursuant to TPVG's dividend reinvestment plan.

Remarks:

	/s/ Sajal K. Srivastava	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.

FAQ

What transactions did TPVG insider Sajal Srivastava report on Form 4?

The Form 4 reports purchases of 44,630 shares on 08/28/2025 at $6.636 and 65,000 shares on 08/29/2025 at $6.7255, plus a reported disposition of 295,889.56 shares.

How many TPVG shares does Srivastava beneficially own after the reported transactions?

The filing reports 423,435 shares following the 08/28 purchase and 488,435 shares following the 08/29 purchase, held indirectly via TriplePoint Capital LLC.

Does the filing explain the large disposal of 295,889.56 shares?

The filing includes a disclaimer and a note that some shares relate to TPVG's dividend reinvestment plan but does not explicitly explain the reason for the specific 295,889.56 share disposition.

What role does Sajal Srivastava have at TPVG as stated on the form?

He is listed as a Director and as an Officer with the title President and CIO.

When was the Form 4 signed and filed?

The signature on the form is dated 09/02/2025.