Waxman Alan 4
Research Summary
AI-generated summary
Sixth Street Lending Partners VP Alan Waxman Buys Stock
What Happened
- Alan Waxman, Vice President, acquired a total of 808,131 shares of Sixth Street Lending Partners on June 23, 2026 in two purchase transactions. He bought 683,654 shares at $28.81 each ($19,696,072) and 124,477 shares at $28.81 each ($3,586,182), for aggregate cash outlay of approximately $23,282,254. The transactions are reported as purchases (transaction code P).
Key Details
- Transaction date and price: 2026-06-23; both lots at $28.81 per share.
- Total shares acquired: 808,131; total cost: ~$23.28 million.
- Shares post-transaction: The Form 4 does not list a single direct beneficial ownership total. Reported shares are held directly by entities: Sixth Street Lending Partners Note Issuer, LLC (Footnote 1) and Sixth Street Lending Partners Advisers, LLC (Footnote 2).
- Notable footnotes: F1 explains Note Issuer is controlled through a chain of LLCs ultimately involving TAO entities and that Waxman has certain appointment authority; F2 notes the Adviser is managed by Holdco Management whose board currently includes the reporting person (Waxman), who is CEO of Holdco Management. Waxman disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing/timeliness: Report covers transactions of 2026-06-23 and was filed on 2026-06-25 (within the typical two-business-day Form 4 filing window).
- Administrative: Anton Brett signed the filing on behalf of Waxman under a Power of Attorney (Exhibit 24).
Context
- These were outright purchases (not option exercises or awards). Purchases represent a cash investment by/for entities associated with the reporting person; the filing disclaims direct beneficial ownership beyond pecuniary interest. For retail investors, purchases by insiders are factual signals of acquisition but do not, by themselves, explain motive.