Magdol David L. 4

What Happened

• David L. Magdol, President, Chief Investment Officer and Senior Managing Director of Main Street Capital (MAIN), acquired a total of 110.124 shares on February 13, 2026 via two dividend reinvestment transactions. He received 57.314 shares at $59.58 each (≈ $3,415) and 52.81 shares at $60.89 each (≈ $3,216), for a combined cash value of about $6,631.
• These were acquisitions (not open-market purchases or sales) made through the company’s dividend reinvestment plan.

Key Details

• Transaction dates and prices:
  • 2026-02-13: 57.314 shares @ $59.58 (≈ $3,415)
  • 2026-02-13: 52.81 shares @ $60.89 (≈ $3,216)
• Total shares acquired: 110.124; total value: ≈ $6,631.
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnote: Shares were acquired under a dividend reinvestment plan and the transaction was reported as exempt from Section 16 under Rule 16a-11.
• Transaction code: “J” (other acquisition/disposition) with footnote clarifying DRIP treatment.
• Filing: Form 4 was filed on 2026-03-11 reporting the Feb 13, 2026 transaction. Form 4s are typically required within two business days of the transaction; the filing date is later than the transaction date.

Context

• Dividend reinvestment plan (DRIP) purchases are routine—they convert cash dividends into additional shares and are generally considered administrative, not directional trading. The dollar amount here (~$6.6k) is modest relative to typical insider trades.
• Because this was a DRIP-exempt acquisition, it doesn’t necessarily signal new bullish buying beyond reinvesting dividends.