Balkin Michael 4
4 · Horizon Technology Finance Corp · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
HRZN CEO Michael Balkin Receives 93,527 Shares
What Happened
Michael Balkin, CEO of Horizon Technology Finance Corporation (HRZN), was reported on the Form 4 to have acquired 93,527 shares on April 14, 2026. The filing lists the transaction as an acquisition/award (code A) with no per-share purchase price (N/A) because the shares were received as a conversion in connection with HRZN’s merger. Using HRZN’s closing price on April 13, 2026 ($4.57), the shares are roughly valued at $427,400.
Key Details
- Transaction date: 2026-04-14 (report filed 2026-04-14).
- Form 4 transaction type: A (award/other acquisition); per-share price shown as N/A.
- Shares acquired: 93,527. Estimated value at prior close ($4.57): ≈ $427,418.
- Reason: Acquired upon closing of the merger between HRZN and Monroe Capital Corporation (MRCC) under the Merger Agreement; each MRCC share converted into 0.9402 HRZN shares.
- Shares owned after transaction: Not provided in the supplied data.
- Filing timeliness: Filed with the Form 4 dated the same day as the transaction; no late filing indicated in the provided record.
Context
This was not an open-market purchase but a stock conversion resulting from a corporate merger (MRCC → HRZN). Such merger-related share issuances are administrative and reflect the agreed conversion ratio, not a discretionary insider buy or sale intended to signal sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-14+93,527→ 103,527 total
- 20,000(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]Acquired upon the completion of, and pursuant to, the transactions contemplated by the Agreement and Plan of Merger, dated as of August 7, 2025, by and among Horizon Technology Finance Corporation ("HRZN"), a Delaware corporation, Monroe Capital Corporation ("MRCC"), a Maryland corporation, HMMS, Inc., a Maryland corporation, Monroe Capital BDC Advisors, LLC, a Delaware limited liability company, and Horizon Technology Finance Management LLC, a Delaware limited liability company (the "Merger Agreement"). Pursuant to the Merger Agreement, each share of MRCC common stock, par value $0.001 per share, was converted into the right to receive 0.9402 shares of HRZN common stock, par value $0.001 per share. The market price of HRZN common stock at the close of trading on April 13, 2026, the last trading day prior to closing of the merger, was $4.57.