Insider Activity: TPVG CEO Reports 105,087-Share Purchases in August 2025

Rhea-AI Filing Summary

James P. Labe, who is listed as Chief Executive Officer and a director of TriplePoint Venture Growth BDC Corp. (TPVG), reported purchases of the company's common stock on 08/11/2025 and 08/12/2025. The Form 4 shows an acquisition of 76,700 shares on 08/11/2025 at $6.302 per share and 28,387 shares on 08/12/2025 at $6.2825 per share. The report identifies these holdings as indirect beneficial ownership "by TriplePoint Capital LLC" and separately discloses 250 shares held in children’s custodian trust accounts. The filing also lists a reported figure of 234,001.703 (noted with an explanatory footnote as including dividend reinvestment plan shares).

Positive

• Insider purchases: The CEO reported acquiring a total of 105,087 shares across two transactions on 08/11/2025 and 08/12/2025.
• Purchases at modest prices: Transactions executed at $6.302 and $6.2825 per share, indicating buy execution near the same price level.
• Disclosure completeness: The Form 4 includes explanatory footnotes and a manual signature dated 08/20/2025.

Negative

• Indirect ownership predominance: Acquired shares are reported as indirectly owned via TriplePoint Capital LLC, which may obscure direct personal voting/control intent.
• Limited material context: The filing does not state total outstanding shares or percentage ownership, limiting assessment of transaction materiality.

Insights

Financial Analyst

TL;DR: Insider purchases totaling 105,087 shares at ~ $6.29 suggest management increased exposure to TPVG equity.

The CEO and director, James P. Labe, reported two open-market purchase transactions on consecutive days totaling 105,087 shares at average price near $6.29 per share. The report classifies these shares as indirectly owned via TriplePoint Capital LLC, which affects attribution of voting/control but still signals insider accumulation. The filing also documents 250 shares in custodian trusts and a separate reported amount of 234,001.703 shares that includes dividend reinvestment plan activity per the footnote. Transaction sizes relative to outstanding shares are not provided in the document, limiting assessment of materiality.

Corporate Governance Expert

TL;DR: CEO buying shares can be viewed positively for alignment, but the report shows mainly indirect ownership via an affiliated entity.

The Form 4 indicates the reporting person serves as both CEO and director and records acquisitions as indirect beneficial ownership through TriplePoint Capital LLC, which is relevant for governance and disclosure of actual control. The filing also discloses 250 direct custodial shares and references dividend reinvestment-plan shares. The form is properly signed and dated, and includes the required explanatory footnotes; however, the document does not provide context such as percentage ownership or voting arrangements, so governance implications cannot be fully determined from this filing alone.

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
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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^*

Labe James

(Last) (First) (Middle)

C/O TRIPLEPOINT VENTURE GROWTH BDC CORP.

2755 SAND HILL 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)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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, par value $0.01 per share	08/11/2025		P		76,700	A	$6.302	76,700(1)	I	By TriplePoint Capital LLC
Common stock, par value $0.01 per share	08/12/2025		P		28,387	A	$6.2825	105,087(1)	I	By TriplePoint Capital LLC
Common stock, par value $0.01 per share								250(1)	I	Held in children's custodian trust accounts
Common stock, par value $0.01 per share								234,001.703(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.

	/s/ James P. Labe	08/20/2025
	** 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 CEO James P. Labe report on Form 4?

The Form 4 reports purchases of 76,700 shares on 08/11/2025 at $6.302 and 28,387 shares on 08/12/2025 at $6.2825.

How many shares does the filing show as indirectly owned by James P. Labe?

The filing attributes the acquired shares to indirect ownership by TriplePoint Capital LLC and shows reported indirect holdings associated with those transactions; a separate figure of 234,001.703 is also listed with a footnote referencing dividend reinvestment.

Does the Form 4 disclose any directly held shares by James P. Labe?

Yes. The filing discloses 250 shares as held in children’s custodian trust accounts, reported as direct ownership.

Are the reported purchases signed and dated properly?

Yes. The Form 4 bears the reporting person’s signature "/s/ James P. Labe" with the date 08/20/2025.

Do the footnotes explain the 234,001.703 figure?

Footnote 2 states that the amount includes shares received pursuant to TPVG's dividend reinvestment plan.