Worrell August Daniel 4

What Happened

• Worrell August Daniel, Co‑Chief Investment Officer of BlackRock TCP Capital Corp. (TCPC), made two open‑market purchases: 40,000 shares on 2026-03-06 at a weighted average price of $3.89 (≈ $155,600) and 40,000 shares on 2026-03-10 at a weighted average price of $3.75 (≈ $150,000). Combined, he acquired 80,000 shares for roughly $305,600. These were purchases (insider buys), which some investors view as a bullish indicator but do not by themselves explain motivation.

Key Details

• Transaction dates and prices:
  • 2026-03-06 — Purchase (P): 40,000 shares at weighted avg $3.89 (range reported $3.865–$3.92). (Footnote F1)
  • 2026-03-10 — Purchase (P): 40,000 shares at weighted avg $3.75 (range reported $3.7389–$3.7595). (Footnote F3)
• Total cash spent: ≈ $305,600.
• Shares owned after transaction: Not specified in the excerpt provided; footnote F2 notes the reported beneficial ownership figure (where given) includes shares from the issuer’s dividend reinvestment plan.
• Filing timeliness: The Form 4 was filed on 2026-03-10 reporting a 2026-03-06 and a 2026-03-10 purchase; based on typical two-business‑day filing rules this appears timely.
• No 10b5‑1 plan, tax withholding, gifts, or option exercises are indicated in the provided details.

Context

• These were straightforward open‑market purchases (code P). The filing shows weighted average prices because the shares were bought in multiple trades at slightly different prices; the reporting person offered to provide a breakdown of quantities by price on request (F1, F3).
• Purchases by officers can signal confidence but do not guarantee future performance; this summary is factual and does not infer motive.