Waxman Alan 4
4 · Sixth Street Specialty Lending, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
TSLX VP Alan Waxman Buys 300,000 Shares
What Happened
Alan Waxman, Vice President of Sixth Street Specialty Lending, bought a total of 300,000 shares of TSLX in two open-market purchases: 100,000 shares on 2026-03-05 (weighted avg price $18.46) for about $1.846M, and 200,000 shares on 2026-03-06 (weighted avg price $18.42) for about $3.684M. Combined value of the purchases is approximately $5.53 million. These were purchases (code P), which are typically viewed as a bullish signal compared with sales, though no motive is stated.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-05: 100,000 shares at $18.46 (avg; prices ranged $18.38–$18.525) — ~$1,846,000
- 2026-03-06: 200,000 shares at $18.42 (avg; prices ranged $18.28–$18.635) — ~$3,684,000
- Total shares acquired: 300,000; total consideration: ≈ $5,530,000.
- Previously reported indirect pecuniary interest: 140,447.01 shares (held by Adviser entities; see footnote F3). The filing includes a disclaimer that Mr. Waxman disclaims beneficial ownership except to the extent of his pecuniary interest.
- Purchases were made in multiple trades (weighted-average prices reported); Mr. Waxman offered to provide per-trade pricing on request (footnotes F1 & F2).
- Filing signed on behalf of Mr. Waxman by Anton Brett under a Power of Attorney dated March 2, 2026 (Exhibit 24).
- Timeliness: Form 4 filed 2026-03-09 for trades on 2026-03-05 and 2026-03-06 — the filing appears timely.
Context
These were straightforward open-market purchases (no option exercises, awards, or gifts). Footnote F3 describes an indirect, institutional-style ownership chain through adviser entities and management companies; Mr. Waxman disclaims beneficial ownership beyond his pecuniary interest. For retail investors, purchases by officers can be noteworthy but should be considered alongside other company fundamentals and disclosures.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-05$18.46/sh+100,000$1,846,000→ 100,000 total(indirect: By Trust) - Purchase
Common Stock
[F2]2026-03-06$18.42/sh+200,000$3,684,000→ 300,000 total(indirect: By Trust)
- 2,714,266(indirect: See Footnote)
Common Stock
[F3]
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.01 per share (the "Shares") were purchased in multiple transactions at prices ranging from $18.38 to $18.525, inclusive. Mr. Waxman ("Reporting Person") undertakes to provide to Sixth Street Specialty Lending, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth above.
- [F2]The price reported in Column 4 is a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $18.28 to $18.635, inclusive. Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth above.
- [F3]Reporting Person previously reported his indirect pecuniary interest in 140,447.01 Shares. Shares are held directly by Sixth Street Specialty Lending Advisers, LLC ("Adviser"). Adviser is managed by Sixth Street Specialty Lending Advisers Holdings, LLC, the sole member of Adviser. Sixth Street Specialty Lending Advisers Holdings, LLC is managed by TSSP Holdco Management, LLC, which is managed by a board of directors, which is currently comprised of Reporting Person. Reporting Person is the CEO of TSSP Holdco Management, LLC.