Ladd Robert T. 4

What Happened

• Robert T. Ladd, President & CEO and a Director of Stellus Capital Investment Corp (SCM), purchased a total of 36,700 shares of the company's common stock in two transactions. On March 13, 2026 he acquired 35,000 shares at a weighted average price of $8.70 per share ($304,500). On March 16, 2026 he acquired 1,700 shares at $8.45 per share ($14,365). These were purchases (transaction code P), which represent insider buying rather than a sale.

Key Details

• Transaction dates and prices:
  • 2026-03-13: 35,000 shares @ $8.70 (weighted average) = $304,500
  • 2026-03-16: 1,700 shares @ $8.45 = $14,365
• Total shares bought: 36,700; total reported value: $318,865.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: The $8.70 figure is a weighted average for the March 13 purchase; the price range for purchases that day was $8.56–$8.84. The filer offers to provide a breakdown of quantities at each price on request.
  • F2: Some shares include those acquired under the Issuer's Dividend Reinvestment Plan (DRIP).
• Filing timeliness: Form 4 was filed on 2026-03-17 covering transactions on 2026-03-13 and 2026-03-16. The filing appears timely (no late filing flag in the report).

Context

• These were open-market/private purchases (code P), not option exercises or gifts—insider purchases can be interpreted as a personal investment but do not prove future company performance. No additional context (e.g., 10b5-1 plan) was indicated in the filing.