Balkin Michael 4

What Happened

• Michael Balkin, CEO of Horizon Technology Finance Corp (HRZN), acquired 100,000 shares in an open-market purchase on 2026-06-09 at $4.34 per share (total $434,000).
• He also received 93,527 HRZN shares on 2026-04-14 as an acquisition (award) tied to the closing of HRZN’s merger with Monroe Capital Corporation; those shares resulted from a conversion of MRCC shares into HRZN stock (see footnote).

Key Details

• Purchase (code P): 100,000 shares on 2026-06-09 at $4.34 — total cash outlay $434,000.
• Award/Acquisition (code A): 93,527 shares on 2026-04-14 acquired pursuant to the Merger Agreement (conversion of MRCC common stock at a 0.9402 ratio). The market price of HRZN on 2026-04-13 (last trading day before closing) was $4.57, implying an approximate value of ~$427k for the converted shares. (See footnote F1 in the filing.)
• Filing: Form 4 filed 2026-06-10 (Period of Report: 2026-06-09). The June 9 open-market purchase was reported promptly (filed next day); the April 14 merger-related acquisition appears in this Form 4 but was reported well after the April transaction date.
• Shares owned after the transactions: not specified in the provided filing details.

Context

• The April acquisition was a non-cash conversion from MRCC shares into HRZN shares under the merger agreement (not a newly granted option or exercised award).
• The June 9 purchase is an outright open-market buy (a direct purchase by the insider), which is generally more informative to investors than routine grants or conversion events.
• Filing contains footnote F1 describing the merger conversion mechanics (conversion ratio 0.9402 and the $4.57 market price on 4/13). No indication of a 10b5-1 plan, tax withholding, or immediate resale was reported.