SCHEDULE: New Mountain Finance Sees Significant Insider Buying

Steven B. Klinsky and affiliated trusts significantly increased their beneficial ownership in New Mountain Finance Corporation, acquiring over 1.17 million shares.

Summary

• Steven B. Klinsky, Chairman of the Board and CEO of New Mountain Capital Group, along with affiliated trusts, increased their aggregate beneficial ownership in New Mountain Finance Corporation.
• Between March 3, 2026, and March 11, 2026, Mr. Klinsky and the trusts acquired a total of 1,175,273 shares of Common Stock.
• These acquisitions were made through open market purchases and the Issuer's dividend reinvestment plan, utilizing Mr. Klinsky's personal funds.
• As of the filing date, Steven B. Klinsky beneficially owns 12,330,153.91 shares, representing 12.52% of the class.
• Adam B. Weinstein, a Managing Director of New Mountain Capital, beneficially owns 738,856.32 shares, representing 0.75% of the class, and did not acquire any shares during this period.
• The Steven B. Klinsky 2008 Long Term Trust now holds 1,465,110.00 shares (1.49%), the Steven B. Klinsky Non-GST Exempt Trust holds 1,020,267.00 shares (1.04%), and the Steven B. Klinsky 2024 Revocable Trusts (Trust 1, Trust 2, Trust 3) collectively hold 9,683,237.00 shares (9.83%).

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive development. The substantial increase in beneficial ownership by the Chairman and CEO, using personal funds, suggests high confidence in the company's future performance and an attractive valuation.

Positives

• Significant insider buying by Steven B. Klinsky and affiliated trusts, totaling 1,175,273 shares, signals strong confidence in the company's valuation and future prospects.
• The purchases were made using personal funds, indicating a direct financial commitment from key management.

Future Outlook

NA

Management Comments

• Mr. Klinsky, the 2008 Trust, the Exempt Trust, the 2024 Trust 1, the 2024 Trust 2, the 2024 Trust 3, and Mr. Weinstein purchased the shares of Common Stock based on the belief that the shares of Common Stock, when purchased, represented an attractive investment opportunity.

Industry Context

StockSavvy.ai notes that significant insider buying, particularly by a company's Chairman and CEO, often signals a strong belief in the company's intrinsic value and future performance, potentially indicating that the stock is undervalued relative to its prospects. This can be a positive indicator for investors, suggesting that those with the most intimate knowledge of the company see a compelling investment opportunity.

Comparison to Industry Standards

• StockSavvy.ai observes that insider buying of this magnitude (over 1.17 million shares) by a key executive like Steven B. Klinsky, Chairman of New Mountain Finance Corporation, is a strong signal. While direct comparisons to specific companies are not provided in the filing, such substantial purchases by insiders are generally viewed more favorably than similar purchases by passive institutional investors, as insiders possess non-public information and a direct stake in the company's success. This level of commitment often surpasses typical insider activity seen across the broader financial services sector, where insider transactions are common but large-scale personal fund deployments are particularly noteworthy.

Related Party Transactions

• Immediate family members of the Reporting Persons hold 16 shares directly and 44,700 shares indirectly through a trust. The Reporting Persons disclaim beneficial ownership of these shares except to the extent of their pecuniary interest therein.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive sign of management's commitment and belief in the company's value, potentially boosting investor confidence.
• The purchases indicate that key executives believe the stock is an attractive investment, which could influence market perception.

Key Dates

Recommendation

The significant insider buying by Steven B. Klinsky, the Chairman and CEO, and his affiliated trusts, totaling over 1.17 million shares, is a powerful signal of confidence. Such substantial personal investment by a key executive often suggests a belief that the company's stock is undervalued and has strong future prospects. This action by an informed insider provides a compelling reason for seasoned investors to consider a 'buy' recommendation, as it aligns management's interests directly with shareholder value creation.

Keywords

New Mountain Finance Corporation, NMFC, Steven B. Klinsky, insider buying, beneficial ownership, Schedule 13D, investment, trusts, corporate governance