Form 4: SURO Capital CEO Klein Reports Share Withholdings
Insider Transaction Report
SURO Capital Corp.'s Chairman, CEO, and President, Mark D. Klein, reported the withholding of shares to cover tax obligations related to restricted stock vesting in December 2025.
Summary
- Mark D. Klein, Chairman, CEO, and President of SURO Capital Corp., reported two transactions involving the disposition of common stock.
- On December 10, 2025, 17,017 shares were withheld at a price of $9.59 per share to satisfy tax obligations related to the vesting of restricted shares. This transaction was noted as delinquent.
- On December 15, 2025, an additional 17,017 shares were withheld at a price of $9.24 per share for tax obligations connected to restricted share vesting.
- Following these transactions, Mr. Klein's direct beneficial ownership stands at 1,671,021 shares.
- His total beneficial ownership includes 779,014 shares owned by his spouse and various restricted shares granted under the company's 2019 Equity Incentive Plans on December 15, 2023, December 10, 2024, May 16, 2025, and November 21, 2025, all subject to vesting schedules.
Sentiment
Score: 5
Explanation: The filing reports routine tax-related share dispositions by an insider. While one transaction was delinquent, the overall nature of the transactions is neutral, reflecting standard equity compensation practices rather than a significant change in sentiment or company fundamentals.
Positives
- The transactions are routine tax withholdings, indicating the vesting of previously granted restricted shares, which can be seen as a positive for executive compensation and retention.
Negatives
- One transaction on December 10, 2025, was reported as delinquent, which could indicate a minor administrative oversight in timely filing.
Industry Context
These transactions are routine for executives receiving equity compensation and do not inherently reflect broader industry trends or competitive positioning. They are standard procedures for managing tax liabilities upon the vesting of restricted stock.
Stakeholder Impact
- Shareholders: The transactions are routine and unlikely to have a significant direct impact on shareholders, as they represent tax-related dispositions rather than discretionary sales. The slight reduction in direct ownership is offset by the continued significant beneficial ownership.
- Employees: The vesting of restricted shares indicates the ongoing operation of the company's equity incentive plans, which can be positive for employee retention and motivation.
Key Dates
| Date | Description |
|---|---|
| 2023-12-15 | Grant date for restricted shares under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| 2024-12-10 | Grant date for restricted shares under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| 2025-05-16 | Grant date for restricted shares under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan. |
| 2025-11-21 | Grant date for restricted shares under the SuRo Capital Corp. Second Amended and Restated 2019 Equity Incentive Plan. |
| 2025-12-10 | Transaction date for shares withheld to satisfy tax obligations related to restricted share vesting. This transaction was delinquent. |
| 2025-12-15 | Transaction date for shares withheld to satisfy tax obligations related to restricted share vesting. |
| 2025-12-16 | Signature date of the reporting person for the Form 4 filing. |
Keywords
SURO Capital Corp., SSSS, Mark D. Klein, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Equity Incentive Plan, Beneficial Ownership
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