Saratoga CEO Christian Oberbeck Transfers 280 Shares as Compensation

What Happened

• Christian L. Oberbeck, CEO and Director of Saratoga Investment Corp. (SAR), disposed of 280 shares of common stock on August 18, 2026. The transaction is reported at $0.00 per share (total reported value $0) and was a transfer to a Saratoga employee as compensation, not an open-market sale.

Key Details

• Transaction date: 2026-08-18
• Transaction type/code: Other acquisition/disposition (Code J) — transfer/compensation
• Price reported: $0.00 per share; total reported proceeds: $0
• Shares disposed: 280
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Transfer of 280 shares to a Saratoga employee as compensation
• Filing date: 2026-08-19 (covers the 08-18 transaction); no late filing indicated in the provided record

Context

• This was a compensation transfer to an employee, not a market sale; such transfers are routine and do not necessarily signal the insider’s view of the company’s stock. For retail investors, purchases are generally more informative about insider sentiment than transfers or compensation-related dispositions.