Oberbeck Christian L 4

What Happened Christian L. Oberbeck, a reported 10% owner of Saratoga Investment Corp. (SAR), made a gift (Form 4 code G) of 1,000 common shares on January 29, 2026. The shares were disposed with no cash consideration (price $0.00), total value $0. The filing reports this as a transfer by gift rather than a sale or purchase, so it should not be read as a market-driven buy or sell decision.

Key Details

• Transaction date: 2026-01-29; Filing date: 2026-01-30 (appears timely).
• Transaction type/code: Gift (G); Disposal of 1,000 shares at $0.00 per share; total proceeds $0.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The gift was to his grandchild, who does not share the reporting person's household.
• No indication of a 10b5-1 plan, option exercise, or tax-withholding event in the reported transaction.

Context Gifts by insiders are common estate or personal planning moves and do not necessarily indicate a change in the insider’s view of the company’s prospects. As a 10% owner (large holder), Oberbeck's transfers may affect ownership percentages but aren’t the same signal as an open-market purchase.