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 price was $11.33 per share, resulting in aggregate proceeds of $11,330,000.
• 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. now owns 0 shares, marking this filing as an exit filing for them.
• The filing includes disclaimers of beneficial ownership, except to the extent of pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The impact on the stock price depends on market perception.

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.

Stakeholder Impact

• The sale of shares by Oaktree affiliates could potentially impact shareholder confidence, depending on market perception of the reasons behind the sale.
• The exit filing for Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. indicates a change in their investment strategy regarding Runway Growth Finance Corp.

Key Dates