Form 4: Oaktree Affiliates Sell 1 Million Shares of Runway Growth Finance Corp. in Block Trade

OCM Growth Holdings LLC and related entities sold 1,000,000 shares of Runway Growth Finance Corp. common stock for $11.33 million in a block trade on March 18, 2024.

Summary

• On March 18, 2024, OCM Growth Holdings LLC and affiliated entities participated in a block trade, selling 1,000,000 shares of Runway Growth Finance Corp. (RWAY) common stock.
• The sale generated aggregate proceeds of $11,330,000, with a price of $11.33 per share.
• Following the transaction, OCM Growth Holdings LLC directly owns 15,492,168 shares of RWAY common stock.
• Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. directly owns 0 shares of Common Stock of the Issuer, and therefore this filing constitutes an exit filing for Fund Xb Delaware.
• The reporting entities include OCM Growth Holdings LLC, Brookfield Oaktree Holdings, LLC, Oaktree Capital Group Holdings GP, LLC, Oaktree Opportunities Fund Xb Holdings (Delaware), L.P., Brookfield Corporation, and BAM Partners Trust.
• Each reporting person disclaims beneficial ownership of the reported equity securities except to the extent of their respective pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share sale. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.

Industry Context

Sales of shares by major holders are a normal part of market activity. It is important to consider the context of the sale, such as the overall market conditions and the company's performance, to determine the potential impact on the stock price. Block trades can sometimes create short-term price volatility.

Stakeholder Impact

• The sale of a significant number of shares could potentially create short-term price volatility for shareholders.
• The transaction may not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Runway Growth Finance Corp, OCM Growth Holdings LLC, Brookfield Oaktree Holdings, Oaktree Capital, Block Trade, Share Sale, Form 4, RWAY