4Filed Aug 13, 8:00 PM ET

Main Street Capital (MAIN) Director Jon K. Griffin Buys 875 Shares via DRIP

$MAIN · Main Street Capital CORP

Research Summary

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Updated

Main Street Capital (MAIN) Director Jon K. Griffin Buys 875 Shares via DRIP

What Happened

  • Jon K. Griffin, a director of Main Street Capital CORP (ticker: MAIN), acquired a series of shares through the company's dividend reinvestment plan (DRIP) between June 15 and July 15, 2026.
  • Total acquired: 875.383 shares for a combined cash value of approximately $45,564. These were acquisitions (not open-market purchases or sales) resulting from dividend reinvestment.

Key Details

  • Individual DRIP transactions reported:
    • 2026-06-15: 22.006 shares @ $52.02 = $1,145 (J)
    • 2026-06-15: 256.161 shares @ $51.29 = $13,138 (J)
    • 2026-06-29: 26.024 shares @ $51.01 = $1,327 (J)
    • 2026-06-29: 295.514 shares @ $51.56 = $15,237 (J)
    • 2026-07-15: 22.217 shares @ $53.09 = $1,180 (J)
    • 2026-07-15: 253.461 shares @ $53.41 = $13,537 (J)
  • Total: 875.383 shares acquired for ~$45,564.
  • Footnote: These shares were acquired under the dividend reinvestment plan and are exempt from Section 16 reporting under Rule 16a-11 (footnote F1). Transaction code J denotes "other acquisition or disposition" (here, DRIP).
  • Shares owned after the transactions were not provided in the materials you supplied.
  • Filing timeliness: The Form 4 was filed on 2026-08-14 while the transactions occurred June–July 2026, indicating a late filing. Late filings can delay public visibility of insider activity and may carry administrative implications.

Context

  • These were dividend reinvestments (the company issued shares in lieu of cash dividends), not open-market purchases — routine for insiders enrolled in a DRIP and generally viewed as reinvestment of income rather than a fresh cash buy signal.
  • The activity increases the director's stake modestly; because DRIP shares are issued as part of routine dividend treatment and exempt under Rule 16a-11, they convey less direct investment intent than discretionary open-market purchases.