TCW GROUP INC 4

4 · ACCURAY INC · Filed May 21, 2026

AI-generated summary of this filing

Updated May 22, 2026

Accuray (ARAY) 10% Owner TCW Group Acquires Warrants

What Happened

TCW Group Inc., reported as a >10% owner, acquired derivative securities (warrants) related to Accuray Inc. (ARAY) on May 19, 2026. The Form 4 lists six "other acquisition" (code J) entries for warrants issued as consideration under a delayed-draw term loan. No per-share price is reported for these warrant issuances and no separate cash consideration was paid.
The filing notes TCW (and certain direct/indirect subsidiaries) are the record-holder representatives for the warrants. After the issuance, TCW owns warrants to purchase 18,942,059 shares of Accuray common stock.

Key Details

Transaction date: May 19, 2026. Filing date / period reported: filed May 21, 2026 for the May 19 transaction (timely filing).
Reported warrant line items (as listed on the Form 4): 1,010,028; 1,414,040; 808,023; 75,630; 105,882; and 60,504 warrants (each entry shown as derivative acquisitions, price N/A).
Shares/warrants owned after transaction: TCW (collectively with its reported holders) holds warrants to purchase 18,942,059 shares.
Footnotes: Warrants were issued to TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC as consideration under the Financing Agreement (dated June 6, 2025); TCW files on behalf of itself and subsidiaries and disclaims beneficial ownership except to the extent of any pecuniary interest.
Transaction code: J (other acquisition/disposition) – these are derivative warrant issuances, not open-market purchases or sales.

Context

These are warrant (derivative) issuances tied to financing activity, not ordinary insider buy/sell trades. Warrants give the holder the right to buy shares later if and when exercised; they do not immediately transfer common shares or represent a cash purchase of stock.
As a >10% institutional holder, TCW’s acquisition reflects financing terms and institutional arrangements rather than a company insider’s personal trading decision. Warrants can be dilutive if exercised in the future; no exercise price or immediate economic value is provided in the filing.

Form 4

Period: 2026-05-19

10% Owner

Transactions

Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+1,010,028→ 1,010,028 total(indirect: See footnote)
Exercise: $1.25From: 2026-11-20Exp: 2033-05-19→ Common Stock (1,010,028 underlying)
Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+1,414,040→ 1,414,040 total(indirect: See footnote)
Exercise: $1.50From: 2026-11-20Exp: 2033-05-19→ Common Stock (1,414,040 underlying)
Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+808,023→ 808,023 total(indirect: See footnote)
Exercise: $0.01From: 2026-11-20Exp: 2033-05-19→ Common Stock (808,023 underlying)
Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+75,630→ 75,630 total(indirect: See footnote)
Exercise: $1.25From: 2026-11-20Exp: 2033-05-19→ Common Stock (75,630 underlying)
Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+105,882→ 105,882 total(indirect: See footnote)
Exercise: $1.50From: 2026-11-20Exp: 2033-05-19→ Common Stock (105,882 underlying)
Other
Warrant to Purchase Common Stock
[F2][F1]
2026-05-19+60,504→ 60,504 total(indirect: See footnote)
Exercise: $0.01From: 2026-11-20Exp: 2033-05-19→ Common Stock (60,504 underlying)

Footnotes (2)

[F1]The TCW Group, Inc. ("TCW") is filing this Form 4 on behalf of itself and its direct and indirect subsidiaries, which collectively constituted TCW business unit (the "TCW Business Unit") TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC (the "Holders"), which both are a part of the TCW Business Unit, are the respective record holders of the warrants reported herein. As such, TCW may be deemed to have or share beneficial ownership of the shares issuable upon exercise held directly by the Holders. TCW disclaims any beneficial ownership of securities held by the Holders other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
[F2]The warrants reported on this Form 4 were issued to the Holders by the Issuer on May 19, 2026 as consideration for the making of a Delayed Draw Term Loan under the Financing Agreement, dated as of June 6, 2025 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time, the "Financing Agreement"), by and among the Issuer, the guarantors party thereto, TCW Asset Management Company LLC, as administrative agent and collateral agent, and the other parties signatory thereto. No separate consideration was paid for the warrants. After the issuance of the warrants reported on this Form 4, TCW owns warrants to purchase 18,942,059 shares of Common Stock of the Issuer.

Signature

/s/ The TCW Group, Inc. on behalf of the TCW Business Unit, by Andrew Bowden, as Executive Vice President|2026-05-21

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