Magdol David L. 4
4 · Main Street Capital CORP · Filed May 6, 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, CIO and SMD of Main Street Capital (MAIN), acquired a total of 117.649 shares of Main Street Capital on April 15, 2026 through a dividend reinvestment plan (DRIP). The filing reports two lots: 59.782 shares at $57.63 (≈ $3,445) and 57.867 shares at $56.39 (≈ $3,263), for a combined value of about $6,708. These were purchases through dividend reinvestment (not open-market buys).
Key Details
- Transaction date: April 15, 2026; Filing date: May 6, 2026 (filed more than the usual 2 business days after the transaction).
- Lots: 59.782 shares @ $57.63 ($3,445); 57.867 shares @ $56.39 ($3,263). Total ≈ 117.649 shares / $6,708.
- Transaction code: "J" (other acquisition); footnote F1: shares were acquired under a dividend reinvestment plan and are exempt from Section 16 under Rule 16a-11.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context Dividend reinvestment purchases are routine: dividends are used to buy additional shares automatically, so these acquisitions reflect dividend reinvestment rather than a discretionary open-market bet. The Rule 16a-11 exemption noted in the filing explains why this DRIP transaction is reported as an exempt acquisition. The late filing (Apr 15 trade, May 6 report) is factual and may be relevant to timing-sensitive investors.
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-15$57.63/sh+59.782$3,445→ 440,497.124 total - Other
Common Stock
[F1]2026-04-15$56.39/sh+57.867$3,263→ 440,554.991 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.