Magdol David L. 4
4 · Main Street Capital CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Main Street Capital (MAIN) President David L. Magdol Buys Shares via DRIP
What Happened
David L. Magdol, President, Chief Investment Officer and a Section 16 officer of Main Street Capital (MAIN), acquired a total of 104.736 shares on January 15, 2026 via dividend reinvestment. The two reinvestment transactions were 53.311 shares at $63.79 ($3,401) and 51.425 shares at $62.27 ($3,202), totaling roughly $6,603. These are acquisitions (purchases) rather than sales.
Key Details
- Transaction dates: January 15, 2026 (both transactions).
- Prices and amounts: 53.311 sh @ $63.79 = $3,401; 51.425 sh @ $62.27 = $3,202; total 104.736 sh ≈ $6,603.
- Transaction code/footnote: Reported as "other acquisition or disposition (J)"; footnote F1 states these shares were acquired under the company’s dividend reinvestment plan and are exempt under Rule 16a-11.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Filing timeliness: Transaction dated Jan 15, 2026; Form 4 filed Feb 13, 2026 — appears to be filed late (outside the typical two-business-day window).
Context
Dividend reinvestment purchases (DRIP) are routine: they convert declared cash dividends into additional shares. Such purchases are generally considered ordinary and do not necessarily indicate a change in the insider’s market outlook, but they are bona fide acquisitions under insider reporting rules.
Insider Transaction Report
- Other
Common Stock
[F1]2026-01-15$63.79/sh+53.311$3,401→ 404,739.481 total - Other
Common Stock
[F1]2026-01-15$62.27/sh+51.425$3,202→ 404,790.906 total
Footnotes (1)
- [F1]The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.