Balkin Michael 4

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.