4Filed Sep 14, 8:00 PM ET
Main Street Capital (MAIN) Director Stephen Solcher Acquires 186 Shares
$MAIN · Main Street Capital CORPResearch Summary
AI-generated summary of this SEC filing
Main Street Capital (MAIN) Director Stephen Solcher Acquires 186 Shares
What Happened
Stephen B. Solcher, a director of Main Street Capital Corp (MAIN), acquired 185.719 shares on 2026-08-14 at $58.80 per share, for a total value of $10,920. This was an acquisition (purchase) reported on a Form 4.
Key Details
- Transaction date and price: 2026-08-14 at $58.80 per share.
- Shares acquired: 185.719 (reported total value $10,920).
- Shares owned after transaction: not specified in the reported summary.
- Footnote: The shares were acquired under the company's dividend reinvestment plan; the filing notes the transaction is pursuant to an arrangement that can be exempt under SEC Rule 16a-11.
- Filing timeliness: Form 4 was filed on 2026-09-15 (32 days after the transaction), which is later than the usual two-business-day reporting window for insider transactions.
Context
This purchase resulted from an automatic dividend reinvestment plan (DRIP), a common and routine way insiders receive additional shares by reinvesting dividends. Such DRIP transactions are often mechanical and may be treated differently under Section 16/Rule 16a-11; the relatively small dollar amount (~$11k) suggests a routine dividend reinvestment rather than a discretionary, large-scale insider buy.