Earnings Feed
Start Free
Sixth Street Specialty Lending, Inc.·4

Mar 11, 4:20 PM ET

Waxman Alan 4

Research Summary

AI-generated summary

Updated

Sixth Street Specialty Lending (TSLX) VP Alan Waxman Buys Shares

What Happened
Alan Waxman, Vice President at Sixth Street Specialty Lending, reported purchases of common stock (Form 4). He acquired 200,000 shares on 2026-03-09 at a weighted-average price of $18.18 ($3.636M) and 45,000 shares on 2026-03-10 at a weighted-average price of $18.47 ($831,150), for a combined ~245,000 shares and ~$4.47 million. These were purchase transactions (code P), which are generally interpreted as a direct purchase (potentially bullish) rather than a sale.

Key Details

  • Transaction dates and prices:
    • 2026-03-09: 200,000 shares, weighted-average $18.18 (prices ranged $17.865–$18.445 per F1)
    • 2026-03-10: 45,000 shares, weighted-average $18.47 (prices ranged $18.27–$18.57 per F2)
  • Total reported value: approximately $4,467,150.
  • Shares owned after transaction: Not specified in the provided filing.
  • Beneficial ownership note: Footnote F3 states the shares are held directly by Sixth Street Specialty Lending Advisers, LLC (the Adviser); Mr. Waxman disclaims beneficial ownership except for any pecuniary interest and is CEO of the entity that manages the Adviser. The filing includes a disclaimer that this report should not be taken as admission of beneficial ownership.
  • Signature/authorization: Anton Brett signed on behalf of Mr. Waxman under a Power of Attorney dated March 2, 2026.
  • Timeliness: Trades occurred 2026-03-09 and 2026-03-10; the Form 4 was filed 2026-03-11 and appears to have been filed within the typical SEC two-business-day window.

Context

  • These were straight purchases (code P) reported on Form 4 — purchases by insiders are often watched by investors as a signal of confidence but do not prove future performance.
  • Footnotes F1 and F2 indicate the reported prices are weighted averages from multiple transactions; the filer can provide detail on per-trade prices on request.
  • The ownership structure disclosed (Adviser and management entities) suggests the shares are held in an institutional/adviser capacity; Mr. Waxman disclaims full beneficial ownership, which is common in such arrangements.