Solimene Lewis 4

What Happened

• Solimene Lewis, CFO and CIO of Monroe Capital Corporation (MRCC), had 980.591 MRCC shares disposed on April 14, 2026 as part of the closing of a merger with Horizon Technology Finance Corporation (HRZN). The MRCC shares were converted into HRZN shares under the merger agreement (not an open-market sale).
• Under the Merger Agreement each MRCC share converted into 0.9402 HRZN shares. That conversion yields ~921.95 HRZN shares (980.591 × 0.9402). Using HRZN’s closing price on April 13, 2026 of $4.57, the converted shares are worth about $4,213 (estimate). The Form 4 reports the MRCC disposition price as N/A because the shares were converted, not sold for cash.

Key Details

• Transaction date: 2026-04-14 (disposition to issuer in connection with merger closing).
• MRCC shares disposed: 980.591; MRCC price: N/A (conversion). Conversion ratio: 0.9402 HRZN share per MRCC share.
• Estimated HRZN shares received: ~921.95; HRZN price used (per footnote): $4.57 (4/13/2026 close); estimated value: ~$4,213.
• Footnote: Disposition occurred pursuant to the Agreement and Plan of Merger dated Aug 7, 2025; MRCC common stock converted into HRZN common stock per the terms.
• Shares owned after the transaction (MRCC) not specified in the filing; the filing reports the conversion/disposition only.
• Filing date: 2026-04-14 (same day as transaction), so no late filing flag indicated.

Context

• This was a corporate merger conversion (disposition to issuer), not a market sale—insiders’ MRCC shares were converted into HRZN shares per the merger terms. Such conversions are transactional outcomes of the deal rather than standalone insider selling activity and do not necessarily indicate a change in insider sentiment.