Thomas William R III 4

What Happened
Thomas William R III, President of Capital Southwest Corp (CSWC), executed both a purchase and a sale in the open market on June 5, 2026. He purchased 5,000 shares at a weighted-average price of $23.40 per share (total ~$117,000) and sold 4,661 shares at a weighted-average price of $23.29 per share (total ~$108,569). The net activity is a small increase in shares held (more purchased than sold); purchases are often seen by investors as a more informative, potentially bullish signal than routine selling, though no motive is stated.

Key Details

• Transaction date: 2026-06-05 (reported the same day). Transaction types: P = Purchase (5,000 shares), S = Sale (4,661 shares).
• Purchase: 5,000 shares @ $23.40 = $117,000 (weighted average).
• Sale: 4,661 shares @ $23.29 = $108,569 (weighted average).
• Shares owned after transaction: The Form 4 does not list a post-transaction total for Mr. Thomas personally; footnote states he has sole voting and dispositive power over 571,939 shares owned by Thomas Heritage Partners, Ltd. (via Thomas Heritage Company, L.L.C.).
• Footnote on pricing: The reported purchase price is a weighted average; the buy trades occurred at prices ranging $23.255–$23.33. The reporting person can provide a transaction-level breakdown on request.
• Filing timeliness: Report filed on 2026-06-05 for transactions dated 2026-06-05 (timely filing).

Context

• Both transactions were reported as open market activity (not option exercises, awards, or gifts).
• Because both a sale and a purchase occurred the same day with a slight net buy, this appears to be routine trading rather than a clear directional signal; purchases generally attract more investor interest as evidence of insider confidence but do not prove future performance.
• Mr. Thomas’s control of shares via the Partnership (571,939 shares) means some holdings are institutional/partnership-held rather than solely personal.