Form 4: Gladstone Capital CFO Buys Shares

Gladstone Capital Corp's CFO and Treasurer, Nicole Frances Dubas Schaltenbrand, purchased 496 shares of common stock at $20.159 per share.

Summary

• Nicole Frances Dubas Schaltenbrand, CFO and Treasurer of Gladstone Capital Corp (GLAD), acquired 496 shares of common stock.
• The transaction occurred on November 20, 2025, at a price of $20.159 per share.
• Following this purchase, Ms. Schaltenbrand directly owns 3,095 shares of common stock.
• An additional 618 shares are indirectly beneficially owned by her spouse.
• Ms. Schaltenbrand disclaims beneficial ownership of 891 shares held by her spouse.

Sentiment

Score: 8

Explanation: The purchase of company stock by a key executive like the CFO is a strong positive signal, indicating confidence in the company's valuation and future performance.

Positives

• An insider, the CFO and Treasurer, purchased shares, indicating confidence in the company's future prospects.
• The purchase increases the CFO's direct stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Ms. Schaltenbrand disclaims beneficial ownership of 891 shares held by her spouse and this report shall not be deemed an admission that Ms. Schaltenbrand is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

Industry Context

Insider purchases, especially by high-ranking executives like a CFO, are often viewed by the market as a signal of management's confidence in the company's valuation and future performance, potentially indicating a belief that the stock is undervalued or poised for growth. This action aligns with general market observations where insider buying can precede positive stock performance.

Related Party Transactions

• Ms. Schaltenbrand's spouse indirectly beneficially owns 618 shares of common stock.
• Ms. Schaltenbrand explicitly disclaims beneficial ownership of 891 shares held by her spouse.

Stakeholder Impact

• Shareholders: May view the CFO's purchase as a positive sign of management confidence, potentially increasing investor sentiment and demand for the stock.
• Employees: Could interpret the insider purchase as a sign of stability and positive outlook for the company.

Key Dates

Recommendation

The CFO's decision to purchase a significant block of company shares at the current market price is a strong vote of confidence. This insider buying suggests that management believes the stock is undervalued or anticipates positive future developments, making it an attractive entry point for investors.

Keywords

Gladstone Capital, GLAD, Insider Trading, Form 4, Stock Purchase, CFO, Nicole Schaltenbrand, Beneficial Ownership