KOENIG THEODORE L 4

What Happened
Theodore L. Koenig, Chairman, President & CEO of Monroe Capital Corporation (MRCC), reported dispositions on April 14, 2026 totaling 705,503.52 MRCC shares. These were not open-market sales but shares disposed to the issuer pursuant to the Merger Agreement with Horizon Technology Finance Corporation (HRZN). Under the agreement each MRCC share converted into 0.9402 HRZN shares; the conversion yields ~663,314.41 HRZN shares. Using HRZN’s closing market price on April 13, 2026 ($4.57), the implied consideration is about $3.03 million. The Form 4 lists the dispositions as “D” (disposition to the issuer) and shows price as N/A because the transfer occurred through the merger conversion.

Key Details

• Transaction date: April 14, 2026 (reported on Form 4 dated April 14, 2026) — filing appears timely.
• Shares disposed: 705,503.52 MRCC shares (broken into four disposition line items).
• Conversion: 0.9402 HRZN shares per MRCC share → ~663,314.41 HRZN shares received.
• Implied value: HRZN close on April 13, 2026 = $4.57 → ~ $3.03 million total (approx.).
• Price per MRCC share: N/A (conversion in merger).
• Shares owned after transaction: not specified in the filing.
• Footnote: Dispositions occurred “upon the completion of” and pursuant to the Merger Agreement dated Aug 7, 2025 between MRCC and HRZN.

Context
This was a corporate merger conversion (MRCC shares converted into HRZN stock) rather than an insider selling in the open market. Such merger-related dispositions reflect the deal terms (conversion ratio and consideration) rather than an insider trading decision; implied value here is calculated from HRZN’s last close before closing.