Barry John F 4
Research Summary
AI-generated summary
Prospect Capital (PSEC) CEO Barry John F Buys 433,000 Shares
What Happened
Barry John F, CEO of Prospect Capital Corp (PSEC), made two open-market purchases on May 26, 2026: 430,000 shares at $2.32 reported valued at $999,707, and 3,000 shares at $2.33 reported valued at $6,975 — 433,000 shares for roughly $1.0067M total. The Form 4 reports these as purchases (transaction code P), which are purchases rather than sales.
Key Details
- Transaction dates/prices: May 26, 2026 — 430,000 shares @ $2.32 and 3,000 shares @ $2.33.
- Reported dollar amounts: $999,707 and $6,975, respectively (combined ≈ $1,006,682).
- Filing date: May 28, 2026 (filed within the typical two-business-day Form 4 window — timely).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes/plans: No 10b5-1 plan, gift, option exercise, or tax-withholding note shown in the supplied details.
Context
These were straightforward open-market purchases (code P) by the CEO, not option exercises or awards. Purchases by insiders can be interpreted as a stronger signal than routine sales, but they do not prove future company performance. This filing is informational for investors tracking insider buying activity in PSEC.