LIBERTY MUTUAL HOLDING Co INC. 4

4 · Willow Tree Capital Corp · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 25, 2026

Willow Tree Capital: Liberty Mutual (10% Owner) Buys 272,890 Shares

What Happened

Liberty Mutual Holding Company Inc., reported as a 10% owner, purchased 272,890 shares of Willow Tree Capital Corp on 2026-03-23 at $16.07 per share, for a total reported acquisition value of $4,385,342. The transaction is reported as a purchase (code P), described as an open market or private purchase.

Key Details

Transaction date and price: 2026-03-23 — 272,890 shares at $16.07 each.
Total value: $4,385,342.
Filing date: Form 4 filed 2026-03-25 (covers the 2026-03-23 transaction) — appears timely under standard 2-business-day rules.
Shares owned after transaction: Not disclosed in this filing.
Footnotes summary: The shares are held directly by Willow Tree Capital Rated Notes Feeder LLC and represent the pro rata portion of the issuer’s shares held by that feeder. Under a Note Purchase Agreement (dated April 11, 2024), certain indirect wholly-owned subsidiaries of Liberty Mutual have pro rata rights to these securities. Liberty Mutual disclaims beneficial ownership except to the extent of its pecuniary interest.

Context

This is institutional/investment activity by a 10% owner structure (via a feeder LLC and subsidiary arrangements), not an individual executive trade. Institutional purchases can signal allocation decisions by the investor but do not necessarily reflect insider views about the company’s near-term outlook.

Form 4

Period: 2026-03-23

10% Owner

Transactions

Purchase
Common Stock, par value $0.01 per share
[F1][F2]
2026-03-23$16.07/sh+272,890$4,385,342→ 4,084,834 total(indirect: By subsidiaries)

Footnotes (2)

[F1]The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.
[F2](Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

Signature

LIBERTY MUTUAL HOLDING COMPANY INC., By: /s/Vlad Barbalat, Executive Vice President|2026-03-25

1 file