GROSS MICHAEL S 4
Research Summary
AI-generated summary
SLR Investment (SLRC) Co-CEO Michael Gross Buys 20,000 Shares
What Happened
- Michael S. Gross — Co-Chief Executive Officer, President and Chairman of the Board of SLR Investment Corp. (SLRC) — purchased a total of 20,000 shares of SLRC stock in open-market transactions.
- He bought 10,000 shares on May 12, 2026 at a weighted average price of $13.09 (total $130,853) and 10,000 shares on May 13, 2026 at a weighted average price of $13.10 (total $130,996). Combined purchase value ≈ $261,849.
- These are purchase transactions (P), generally viewed as a bullish insider action, though no motive should be assumed.
Key Details
- Transaction dates & prices:
- May 12, 2026 — 10,000 shares @ weighted avg $13.09 (price range reported $13.06–$13.09). (Footnote F1)
- May 13, 2026 — 10,000 shares @ weighted avg $13.10 (price range reported $13.09–$13.10). (Footnote F6)
- Shares reported after transaction:
- The filing states Mr. Gross directly holds 207,618 shares in his Profit Sharing Plan following these purchases.
- The filing also discloses substantial additional holdings that may be indirectly attributable to Mr. Gross: SCP Plan 1,030,293; Solar Capital I 1,285,013; Solar Capital II 715,000; Solar Senior Investors 355,107; SLR Management 77; Family Trusts 117,617; GRAT 334,428. (See Footnotes F2–F4; Mr. Gross disclaims beneficial ownership of certain entity holdings except to the extent of pecuniary interest — Footnote F5.)
- Filing timing: Report filed 2026-05-14 for transactions on 5/12–5/13; appears to be filed within the standard SEC two-business-day window.
- Other notes: Purchases were executed in multiple trades at varying prices; weighted averages are reported (see F1 & F6).
Context
- These transactions are straightforward open-market purchases (code P). Purchases by senior executives can be interpreted as a signal of confidence but do not prove intent or future performance.
- The filing lists both direct and indirect holdings via affiliated entities and trusts; Mr. Gross disclaims beneficial ownership of certain entity-held shares except to the extent of any pecuniary interest.