Bilger Bruce R 4

What Happened
Bruce R. Bilger, a director of Stellus Capital Investment Corp. (SCM), made four open-market purchases on March 13, 2026, acquiring a total of 45,490 shares. Individual lots were: 19,417 @ $8.76 ($170,093); 10,362 @ $8.70 ($90,149); 11,111 @ $8.73 ($96,999); and 4,600 @ $8.75 ($40,250). Total cash outlay across the four buys was about $397,491. These were purchases (P), which are generally viewed as the insider adding to holdings rather than selling.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (check timeliness vs. SEC two‑business‑day rule).
• Prices: weighted-average prices reported; price ranges across footnotes cited between ~$8.65 and $8.81 per share.
• Total shares bought: 45,490; total value ≈ $397,491.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes: the filing states the prices shown are weighted averages and provides price ranges (F1–F3). The reporting person offers to supply full breakdowns of quantities at each price upon request.
• No 10b5‑1 plan, option exercises, gifts, or tax‑withholding transactions are disclosed in this filing.

Context
This report documents straightforward open‑market purchases by a company director. Purchases can be interpreted by investors as insiders adding to exposure, but they are one data point and do not reveal motive. If timeliness is a concern, retail investors may want to confirm whether the filing met SEC reporting time limits.