Alan Waxman (TSLX) adds 245,000 indirect shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sixth Street Specialty Lending, Inc. insider Alan Waxman, a Vice President, reported significant open-market purchases of the company’s common stock through an indirect trust ownership. On March 9, the trust bought 200,000 shares at a weighted average price of $18.18 per share, followed by another 45,000 shares on March 10 at a weighted average price of $18.47 per share.
After these transactions, the trust’s holdings increased to 545,000 shares of common stock. A separate indirect holding of 2,714,266 shares is reported as being held by Sixth Street Specialty Lending Advisers, LLC, an entity managed through a chain of holding companies whose board currently includes Waxman as CEO.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 245,000 shares ($4,467,150)
Net Buy
3 txns
Insider
Waxman Alan
Role
Vice President
Bought
245,000 shs ($4.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 45,000 | $18.47 | $831K |
| Purchase | Common Stock | 200,000 | $18.18 | $3.64M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 545,000 shares (Indirect, By Trust)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.01 per share (the "Shares") were purchased in multiple transactions at prices ranging from $17.865 to $18.445, inclusive. Mr. Waxman ("Reporting Person") undertakes to provide to Sixth Street Specialty Lending, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth above. The price reported in Column 4 is a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $18.27 to $18.57, inclusive. Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth above. Shares are held directly by Sixth Street Specialty Lending Advisers, LLC ("Adviser"). Adviser is managed by Sixth Street Specialty Lending Advisers Holdings, LLC, the sole member of Adviser. Sixth Street Specialty Lending Advisers Holdings, LLC is managed by TSSP Holdco Management, LLC, which is managed by a board of directors, which is currently comprised of Reporting Person. Reporting Person is the CEO of TSSP Holdco Management, LLC.
FAQ
What insider transactions did TSLX Vice President Alan Waxman report?
Alan Waxman reported indirect open-market purchases of Sixth Street Specialty Lending common stock. A trust associated with him bought 200,000 shares at $18.18 and 45,000 shares at $18.47, increasing that trust’s holdings to 545,000 shares, according to the Form 4 data.
Who legally holds the large indirect TSLX position linked to Alan Waxman?
The large indirect TSLX position is held by Sixth Street Specialty Lending Advisers, LLC. Footnotes explain this adviser entity is managed through a chain of holding companies overseen by a board of directors currently comprised of Waxman, who serves as CEO of TSSP Holdco Management, LLC.