Director buys 45,490 Stellus Capital (NYSE: SCM) shares

Rhea-AI Filing Summary

Stellus Capital Investment Corp director Bruce R. Bilger increased his direct stake through multiple open-market purchases of common stock. On 2026-03-13, he bought 19,417 shares at $8.76, 10,362 shares at $8.70, 11,111 shares at $8.73, and 4,600 shares at $8.75 per share. After these transactions, he directly owned 228,055 shares of Stellus Capital Investment Corp common stock.

Insider Trade Summary

Net Buyer: 45,490 shares ($397,491)

Net Buy 4 txns

Insider Bilger Bruce R

Role Director

Bought 45,490 shs ($397K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	19,417	$8.76	$170K
Purchase	Common Stock	10,362	$8.70	$90K
Purchase	Common Stock	11,111	$8.73	$97K
Purchase	Common Stock	4,600	$8.75	$40K

Holdings After Transaction: Common Stock — 201,982 shares (Direct)

Footnotes (1)

1. The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.70 to $8.80 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price. The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.71 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price. The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.81 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.

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^*

Bilger Bruce R

(Last) (First) (Middle)

C/O STELLUS CAPITAL INVESTMENT CORP

4400 POST OAK PARKWAY, SUITE 2200

(Street)

HOUSTON TX 77027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Stellus Capital Investment Corp [ SCM ]

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)
03/13/2026

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	03/13/2026		P		19,417	A	$8.76(1)	201,982	D
Common Stock	03/13/2026		P		10,362	A	$8.7(2)	212,344	D
Common Stock	03/13/2026		P		11,111	A	$8.73(3)	223,455	D
Common Stock	03/13/2026		P		4,600	A	$8.75	228,055	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 price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.70 to $8.80 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.

2. The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.71 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.

3. The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.81 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.

	/s/ W. Todd Huskinson, attorney-in-fact	03/17/2026
	** 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 SCM director Bruce R. Bilger report?

Bruce R. Bilger reported open-market purchases of Stellus Capital Investment Corp common stock. On 13 March 2026, he executed four separate buy transactions totaling 45,490 shares, increasing his direct ownership position and reflecting additional personal capital committed to the company’s shares.

How many Stellus Capital (SCM) shares did the director buy and at what prices?

Bilger bought 45,490 Stellus Capital Investment Corp common shares across four trades. The reported per-share purchase prices were $8.76, $8.70, $8.73, and $8.75, reflecting active accumulation within a relatively narrow trading range on the same transaction date.

What is Bruce R. Bilger’s total SCM shareholding after these transactions?

Following the reported purchases, Bilger’s direct ownership rose to 228,055 shares of Stellus Capital Investment Corp common stock. This figure represents his position after the final transaction recorded on 13 March 2026, consolidating all newly acquired shares into his direct holdings.

Were the SCM insider transactions open-market purchases or other types of trades?

All reported transactions were coded as “P,” indicating open-market or private purchase transactions of Stellus Capital Investment Corp common stock. The filing describes each as an open-market purchase, meaning Bilger bought shares directly rather than receiving them through grants, options, or other non-market mechanisms.

Did the SCM insider filing show any stock sales or derivative exercises?

The filing shows only open-market purchases of common stock by Bilger and no reported sales. It also discloses no derivative transactions or option exercises, indicating the activity consisted solely of direct common share buying on the reported transaction date.