Saratoga (SAR) CEO Christian L. Oberbeck Transfers 290 Shares as Compensation

What Happened Christian L. Oberbeck, CEO and Director of Saratoga Investment Corp. (SAR), reported a disposition of 290 shares of common stock on September 9, 2026. The Form 4 shows the action as an "other" disposition (code J) at a reported price of $0.00, yielding a reported total value of $0. According to the filing footnote, the shares were transferred to a Saratoga employee as compensation — this is a transfer for employee pay rather than an open-market sale.

Key Details

• Transaction date: 2026-09-09; Filing date: 2026-09-10 (filed promptly).
• Reported price: $0.00; Shares transferred: 290; Reported total value: $0.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Transfer was to a Saratoga employee as compensation.
• Transaction code: J (other acquisition/disposition) — used for non-standard transfers.
• No indication this filing was late.

Context This was a non-market transfer of shares as employee compensation, not a typical sale or buy. Such transfers usually reflect payroll/compensation arrangements and do not necessarily signal the insider’s view on the company’s stock price.