Form 4: Magdol David L. reports multiple insider transactions in MAIN
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magdol David L. reported multiple insider transaction types in a Form 4 filing for MAIN. The filing lists transactions totaling 105 shares at a weighted average price of $63.04 per share. Following the reported transactions, holdings were 404,739 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Magdol David L.
Role
PRESIDENT, CIO AND SMD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 53.311 | $63.7897 | $3K |
| Other | Common Stock | 51.425 | $62.27 | $3K |
Holdings After Transaction:
Common Stock — 404,739.481 shares (Direct)
Footnotes (1)
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FAQ
What insider activity did MAIN’s David L. Magdol report on this Form 4?
David L. Magdol reported acquiring Main Street Capital common stock through a dividend reinvestment plan. The transactions used reinvested dividends to purchase small additional share amounts automatically rather than open-market trades, modestly increasing his direct shareholdings in the company.
What does transaction code J mean in this MAIN Form 4 filing?
Transaction code J in this Form 4 indicates a transaction reported under a special classification. Here, a footnote explains that David L. Magdol acquired the Main Street Capital shares through a dividend reinvestment plan transaction that is exempt from Section 16 under Rule 16a-11.
Is the MAIN Form 4 transaction an open-market buy or a plan reinvestment?
The MAIN Form 4 transactions reflect a dividend reinvestment plan, not open-market purchases. The filing’s footnote clarifies that the reporting person acquired these shares under a dividend reinvestment plan in a transaction exempt from Section 16 under Rule 16a-11.