Form 4: Former 180 Degree Capital Officer Disposes Shares

Robert E Bigelow III reported the disposition of 133,005 shares of 180 Degree Capital Corp. common stock due to a merger with Mount Logan Capital Inc.

Summary

• Robert E Bigelow III, a former officer and director of 180 Degree Capital Corp. (TURN), reported a change in beneficial ownership.
• The transaction involved the disposition of 133,005 shares of 180 Degree Capital Corp. common stock.
• This disposition occurred on September 12, 2025, in conjunction with an all-stock merger between 180 Degree Capital Corp. and Mount Logan Capital Inc.
• Shares of 180 Degree Capital Corp. were exchanged for shares of the surviving company, New Mount Logan, at a ratio of 0.56666201 shares of 180 Degree Capital for one share of New Mount Logan common stock.
• No actual sales of shares by the reporting person occurred; it was an exchange due to the merger.
• Following this transaction, Robert E Bigelow III beneficially owns 0 shares of 180 Degree Capital Corp.
• Upon the merger's consummation, Robert E Bigelow III ceased to be a Director and Executive Officer of 180 Degree Capital.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing reporting a change in beneficial ownership due to a merger, not an operational or financial performance update. It reflects a pre-determined corporate action.

Future Outlook

NA

Management Comments

• Disposition of shares in conjunction with the all-stock merger of the Issuer with Mount Logan Capital Inc. (the "Merger") whereby all shares of the Issuer owned at the time of the Merger were exchanged for shares of the surviving company ("New Mount Logan") at a ratio of 0.56666201 shares of the Issuer for one share of common stock, par value $0.001, of New Mount Logan.
• No sales of shares of the Issuer owned by the Reporting Person occurred in conjunction with the Merger.
• Upon the consummation of the Merger, the Reporting Person ceased to be a Director and Executive Officer of 180 Degree Capital.

Industry Context

This filing reflects the finalization of a merger between 180 Degree Capital Corp. and Mount Logan Capital Inc., a common strategic move in the investment management or financial services sector to consolidate assets or achieve scale.

Management Changes

Stakeholder Impact

• Shareholders of 180 Degree Capital Corp. have had their shares exchanged for shares in New Mount Logan, impacting their investment vehicle.
• Former management, like Robert E Bigelow III, have transitioned out of their roles with 180 Degree Capital Corp.

Key Dates

Keywords

180 Degree Capital Corp., TURN, Mount Logan Capital Inc., Merger, Form 4, Insider Transaction, Beneficial Ownership, Robert E Bigelow III, Share Exchange