James Labe Increases TPVG Stake; 102,800 Shares Purchased at ~$6.74

Rhea-AI Filing Summary

James P. Labe, Chief Executive Officer and director of TriplePoint Venture Growth BDC Corp. (TPVG), reported purchases of common stock on 09/02/2025 and 09/03/2025. He acquired 54,000 shares at $6.7216 on 09/02/2025 and 48,800 shares at $6.7668 on 09/03/2025, increasing his reported indirect holdings via TriplePoint Capital LLC to 591,235 shares. The report also lists 250 shares held in children’s custodian trust accounts and a separate entry of 234,001.703 shares associated with TPVG’s dividend reinvestment plan. The filing includes a disclaimer that the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

• Insider purchases: CEO/director acquired a total of 102,800 shares across 09/02/2025 and 09/03/2025.
• Modest purchase prices: Acquisitions occurred at $6.7216 and $6.7668, averaging about $6.74 per share.
• Increased reported holdings: Indirect holdings via TriplePoint Capital LLC rose to 591,235 shares, showing added economic exposure.

Negative

• Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership except to the extent of pecuniary interest, limiting claims about control.
• Large dividend reinvestment entry: A reported 234,001.703 share figure is listed as disposed (D) but described as related to the dividend reinvestment plan, which may complicate ownership interpretation.

Insights

Financial Analyst

TL;DR: Insider purchases totaling 102,800 shares at about $6.72–$6.77 suggest managerial buying but are modest relative to large-cap equity stakes.

The purchases on 09/02/2025 and 09/03/2025 increase reported indirect holdings to 591,235 shares and reflect acquisitions at average price near $6.74 per share. For investors, director/CEO buying can signal confidence in the issuer, but the filing includes a disclaimer limiting asserted beneficial ownership. The transactions are straightforward open-market purchases and include custodial holdings and dividend reinvestment plan activity, which are routine capital-account changes rather than strategic corporate actions.

Corporate Governance Expert

TL;DR: Director/CEO purchases are governance-positive for signaling alignment with shareholders, though ownership disclaimers temper control implications.

James Labe is both a director and the CEO and filed these Form 4 transactions as an individual reporting person. The acquisition of 102,800 shares over two days increases his indirect economic exposure via TriplePoint Capital LLC, aligning management incentives with shareholders. The disclaimer of beneficial ownership and the use of indirect ownership vehicles are typical and should be noted when assessing control or influence. The filing contains no departures, option exercises, or other governance red flags.

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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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 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)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		P		54,000	A	$6.7216	542,435(1)	I	By TriplePoint Capital LLC
Common Stock	09/03/2025		P		48,800	A	$6.7668	591,235(1)	I	By TriplePoint Capital LLC
Common Stock								250(1)	I	Held in children's custodian trust accounts
Common Stock								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.

Remarks:

	/s/ James P. Labe	09/04/2025
	** 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 James Labe report on Form 4?

James Labe reported purchases of 54,000 shares at $6.7216 on 09/02/2025 and 48,800 shares at $6.7668 on 09/03/2025.

How many TPVG shares does James Labe report beneficially owning after these trades?

The report shows 591,235 shares beneficially owned indirectly via TriplePoint Capital LLC following the reported transactions.

Are there any other holdings disclosed by James Labe in the filing?

Yes. The filing discloses 250 shares held in children’s custodian trust accounts and a separate 234,001.703 share entry related to the dividend reinvestment plan.

Does James Labe claim full beneficial ownership of the reported shares?

No. The filing includes a statement disclaiming beneficial ownership except to the extent of his pecuniary interest in the reported securities.

When were the Form 4 transactions signed?

The Form 4 is signed by James P. Labe on 09/04/2025.