Oxford Square Capital (OXSQ) Director Steven P. Novak Sells Shares

What Happened
Steven P. Novak, a director of Oxford Square Capital Corp. (OXSQ), disposed of 5,000 shares on 2026-09-03 via an open market or private sale (transaction code S). The shares were sold at $1.35 each for a total proceeds of $6,775. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-09-03; price per share: $1.35; total proceeds: $6,775.
• Transaction type: Sale (code S) — open market or private sale as reported.
• Shares owned after the transaction: Not specified in the provided filing summary.
• Footnotes/plan details: No 10b5-1 plan, tax-withholding, or other footnotes were provided in the summary you supplied.
• Filing timeliness: Form 4 was filed 2026-09-14 (11 days after the transaction). Form 4s are normally due within 2 business days, so this filing appears late (timeliness likely flagged as "L"), which delays disclosure to the market.

Context

• The dollar value of this sale ($6.8k) is small, so it may be routine (e.g., liquidity or tax-related) rather than a clear signal about company prospects. Sales are generally less informative than purchases for gauging insider sentiment.
• No evidence here of option exercises, gifts, or immediate cashless dispositions — this was a straight sale of shares.