LIBERTY MUTUAL HOLDING Co INC. 4

What Happened Liberty Mutual Holding Company Inc., reported as a 10% owner, purchased 86,164 shares of Willow Tree Capital Corp on January 26, 2026. The shares were acquired at $16.50 per share for a total reported value of $1,421,706. The filing lists the transaction type as a purchase (code P) — a buy rather than a sale.

Key Details

• Transaction date and price: 2026-01-26, 86,164 shares at $16.50 per share (total ~$1,421,706).
• Transaction type: Purchase (reported as "Open market or private purchase (P)").
• Shares owned after transaction: Not specified in the Form 4 summary provided.
• Filing date and timeliness: Reported on 2026-01-28; filed within the standard Form 4 reporting window (timely).
• Footnotes: Securities are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and the purchase reflects the pro rata portion of shares held by Willow Tree Feeder that Liberty Mutual may be deemed to beneficially own under a Note Purchase Agreement (April 11, 2024). The Subsidiaries holding the pro rata rights are indirect wholly-owned subsidiaries of Liberty Mutual; Liberty Mutual disclaims beneficial ownership except to the extent of its pecuniary interest.

Context This filing reflects an institutional purchase by a 10% owner via an affiliated feeder entity, not an individual executive. For retail investors, purchases by institutional owners can be informative but do not necessarily indicate insider views of company operations. The filing’s footnotes clarify that Liberty Mutual’s reporting arises from contractual pro rata rights through its subsidiaries and that Liberty Mutual disclaims beneficial ownership beyond its monetary interest.