Entities tied to WhiteHorse (WHF) director add to stock position

Rhea-AI Filing Summary

WhiteHorse Finance, Inc. reported a Form 4 showing that entities associated with director John Bolduc made open-market purchases of a total of 16,668 shares of common stock on March 5–6, 2026.

The shares were bought at prices between $7.11 and $7.25 per share and are reported as indirectly owned. The filing notes that Bolduc-related entities Bolduc Family LP and Bolduc Investments X, LLC hold the securities, and Bolduc disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

Net Buyer: 16,668 shares ($119,710)

Net Buy 4 txns

Insider BOLDUC JOHN

Role Director

Bought 16,668 shs ($120K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share	4,138	$7.25	$30K
Purchase	Common Stock, par value $0.001 per share	4,138	$7.25	$30K
Purchase	Common Stock, par value $0.001 per share	4,196	$7.11	$30K
Purchase	Common Stock, par value $0.001 per share	4,196	$7.12	$30K

Holdings After Transaction: Common Stock, par value $0.001 per share — 272,032 shares (Indirect, See Footnote)

Footnotes (1)

1. Mr. Bolduc is the sole shareholder of the general partner of Bolduc Family LP, which owns the reported securities. Mr. Bolduc disclaims beneficial ownership of shares of common stock held by Bolduc Family LP, except to the extent of his pecuniary interest therein. Mr. Bolduc is a member of Bolduc Investments X, LLC, which owns the reported securities. Mr. Bolduc disclaims beneficial ownership of shares of common stock held by Bolduc Investments X, LLC, except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

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^*

BOLDUC JOHN

(Last) (First) (Middle)

C/O WHITEHORSE FINANCE, INC.

1450 BRICKELL AVENUE, 31ST FLOOR

(Street)

MIAMI FL 33131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WhiteHorse Finance, Inc. [ WHF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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 $0.001 per share	03/06/2026		P		4,138	A	$7.25	272,032	I	See Footnote(1)
Common Stock, par value $0.001 per share	03/06/2026		P		4,138	A	$7.25	268,625	I	See Footnote(2)
Common Stock, par value $0.001 per share	03/05/2026		P		4,196	A	$7.11	267,894	I	See Footnote(1)
Common Stock, par value $0.001 per share	03/05/2026		P		4,196	A	$7.12	264,487	I	See Footnote(2)

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. Mr. Bolduc is the sole shareholder of the general partner of Bolduc Family LP, which owns the reported securities. Mr. Bolduc disclaims beneficial ownership of shares of common stock held by Bolduc Family LP, except to the extent of his pecuniary interest therein.

2. Mr. Bolduc is a member of Bolduc Investments X, LLC, which owns the reported securities. Mr. Bolduc disclaims beneficial ownership of shares of common stock held by Bolduc Investments X, LLC, except to the extent of his pecuniary interest therein.

	/s/ Marco Collazos, Attorney-in-Fact for John Bolduc	03/09/2026
	** 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 insider activity did WhiteHorse Finance (WHF) report on this Form 4?

The Form 4 reports that entities associated with director John Bolduc bought 16,668 shares of WhiteHorse Finance common stock in the open market. These are indirect holdings through related entities, not direct personal purchases by Bolduc.

How many WhiteHorse Finance (WHF) shares were purchased and at what prices?

Entities tied to director John Bolduc purchased a total of 16,668 common shares. The reported open-market purchase prices ranged from $7.11 to $7.25 per share across four transactions on March 5–6, 2026.

On what dates did the WhiteHorse Finance (WHF) insider-related entities buy shares?

The entities associated with director John Bolduc executed their open-market purchases on March 5, 2026 and March 6, 2026. All reported transactions involved WhiteHorse Finance common stock at prices slightly above $7 per share.

Are the WhiteHorse Finance (WHF) shares held directly by John Bolduc?

No. The filing shows the shares as indirectly owned through Bolduc Family LP and Bolduc Investments X, LLC. The footnotes state that John Bolduc disclaims beneficial ownership except to the extent of his pecuniary interest in these entities.

What role does John Bolduc have at WhiteHorse Finance (WHF)?

John Bolduc is identified in the filing as a director of WhiteHorse Finance, Inc. His reported transactions involve indirect ownership through related investment entities, rather than direct personal holdings of the company’s common stock.