Gilbert Cory 4

What Happened
Gilbert Cory, CFO and Treasurer of MSC Income Fund, Inc. (MSIF), acquired 120.9 shares on May 1, 2026 through a dividend reinvestment transaction. The shares were recorded at $12.32 per share for a total value of approximately $1,490. This was an acquisition (a purchase-equivalent move), which investors typically view as more informative than routine sales.

Key Details

• Transaction date: 2026-05-01
• Transaction type/code: Other acquisition (Code J) — dividend reinvestment
• Price per share: $12.32; Shares acquired: 120.9; Total value: ~$1,490
• Footnote: Acquisition under the company’s dividend reinvestment plan; noted as exempt from Section 16 under Rule 16a-11 (see filing)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: 2026-05-19 — Form 4s are normally due within 2 business days of a Section 16 transaction; however, the filing notes the transaction was an exempt dividend reinvestment (Rule 16a-11), which affects reporting obligations

Context
Dividend reinvestment purchases are automatic acquisitions that increase insider holdings by reinvesting cash dividends into additional shares. The footnote states this transaction is exempt under Rule 16a-11, which commonly covers certain dividend reinvestments and may alter typical Section 16 reporting requirements. This small, routine reinvestment (≈$1.5k) is a modest purchase and does not, by itself, indicate a material change in insider sentiment.