Golman Jeffrey A 4
4 · MONROE CAPITAL Corp · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Monroe Capital (MRCC) Director Jeffrey Golman Sells 20,356 Shares
What Happened
Jeffrey A. Golman, a director of Monroe Capital Corporation (MRCC), disposed of 20,355.854 shares of MRCC common stock on April 14, 2026. The Form 4 reports the disposition as to the issuer (merger conversion), so no per‑share MRCC price is listed. Under the Merger Agreement, each MRCC share converted into 0.9402 shares of Horizon Technology Finance Corporation (HRZN). Using HRZN’s closing price of $4.57 on April 13, 2026, the conversion equals roughly 19,138.6 HRZN shares with an implied value of about $87,463.
Key Details
- Transaction date: 2026-04-14 (reported on Form 4 filed 2026-04-23)
- Transaction type: Disposition to issuer (merger conversion) — code D; price reported as N/A on the Form 4
- MRCC shares disposed: 20,355.854
- Conversion ratio: 1 MRCC → 0.9402 HRZN shares (per Merger Agreement)
- Implied HRZN shares received: ~19,138.6; implied value ≈ $87,463 (based on HRZN close $4.57 on 2026-04-13)
- Shares owned after transaction: Not specified in this filing
- Footnote: Disposition occurred upon completion of the Agreement and Plan of Merger dated Aug 7, 2025 (MRCC → HRZN conversion)
- Filing timeliness: Form 4 filed 9 days after the transaction date (appears later than the typical 2-business‑day Form 4 deadline)
Context
This was a corporate transaction (stock conversion on merger close), not an open‑market sale—such dispositions reflect deal mechanics rather than an insider deciding to liquidate shares on the market. The reported value above is an approximate calculation using the disclosed conversion ratio and HRZN’s closing price on the last trading day before closing.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-04-14−20,355.854→ 0 total
Footnotes (1)
- [F1]Disposed of 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.