Saratoga Investment Corp.: CEO and director Christian L Oberbeck bought 30,000 shares

What happened

• Christian L Oberbeck, CEO and director, acquired 30,000 shares of Saratoga Investment Corp. common stock in open-market purchases on Oct 8 and Oct 9, 2026. The filing reports 15,000 shares on Oct 8 at a weighted-average price of $14.89 for $223,350 and 15,000 shares on Oct 9 at a weighted-average price of $14.83 for $222,450, for a total reported value of $445,800.

Key details

• Transaction dates and prices: Oct 8, 2026 — 15,000 shares at $14.89 (weighted-average; actual trades ranged $14.50 to $15.10); Oct 9, 2026 — 15,000 shares at $14.83 (weighted-average; actual trades ranged $14.60 to $14.94).
• Purchaser: Saratoga Investment Advisors LLC (SIA LLC) bought the shares; SIA LLC is 100% owned and controlled by Mr. Oberbeck (footnotes F1 and F2).
• Shares owned after the transaction: not stated in the filing.
• Filing date and timeliness: Form 4 filed Oct 13, 2026 covering transactions on Oct 8 and Oct 9, 2026; no late filing indicated in the information provided.

Why it may matter

• The purchases were made by an entity (SIA LLC) that Mr. Oberbeck fully owns and controls rather than directly in his name.
• The filing shows purchases in multiple trades with reported weighted-average prices and price ranges; the filing does not state allocation of shares at each separate price absent a staff or holder request. A filing does not show why the insider traded or why the company acted.