Form 4: SURO Capital CFO Sells Shares for Tax Obligations

SURO Capital Corp.'s Chief Financial Officer, Allison Green, reported two dispositions of common stock totaling 8,464 shares to cover tax obligations related to restricted stock vesting.

Summary

• Allison Green, Chief Financial Officer, Chief Compliance Officer, Treasurer, and Corporate Secretary of SURO Capital Corp., reported two transactions involving the disposition of common stock.
• On December 10, 2025, 4,232 shares of common stock were disposed of at a price of $9.59 per share. This transaction was noted as delinquent and was executed to satisfy tax obligations in connection with the vesting of restricted shares.
• On December 15, 2025, an additional 4,232 shares of common stock were disposed of at a price of $9.24 per share, also to satisfy tax obligations related to the vesting of restricted shares.
• Following these reported transactions, Allison Green beneficially owns 189,805 shares of common stock directly.
• The total beneficial ownership includes restricted shares granted under the SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan on December 15, 2023, December 10, 2024, and May 16, 2025, as well as restricted shares granted under the SuRo Capital Corp. Second Amended and Restated 2019 Equity Incentive Plan on November 21, 2025, all of which are subject to certain vesting schedules.

Sentiment

Score: 6

Explanation: The filing reports routine, expected transactions related to executive compensation and tax obligations. The 'delinquent' tag for one transaction is a minor administrative issue, not indicative of significant negative sentiment. The officer retains substantial beneficial ownership, suggesting continued alignment with company performance.

Positives

• The transactions represent the vesting of restricted stock awards, which is a standard component of executive compensation and indicates the fulfillment of performance or tenure conditions.
• The reporting person retains a significant beneficial ownership of 189,805 shares, aligning management's interests with those of shareholders.

Negatives

• One of the reported transactions, specifically the disposition on December 10, 2025, was explicitly noted as a 'delinquent transaction,' indicating a potential administrative oversight in timely reporting.
• The disposition of shares, even for tax purposes, results in a reduction of the direct ownership stake held by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report, reflecting standard executive compensation practices (restricted stock vesting and subsequent tax-related sales) common across publicly traded companies. It does not provide broader industry-specific context or trends.

Comparison to Industry Standards

• The disposition of shares to cover tax obligations upon the vesting of restricted stock is a standard and widely accepted practice for executive compensation across various industries.
• The retention of a significant beneficial ownership stake by a key executive post-transaction is consistent with good corporate governance practices, aligning executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and generally does not signal a change in company fundamentals. The executive's continued significant ownership stake suggests ongoing alignment with shareholder interests.
• Employees: The vesting of restricted shares is part of executive compensation, which can positively influence executive retention and motivation.

Key Dates

Recommendation

This Form 4 reports routine insider transactions related to tax obligations from restricted stock vesting. Such transactions are common and generally do not indicate a change in the company's fundamental outlook or the insider's confidence. The officer retains a substantial beneficial ownership. Therefore, a 'hold' recommendation is appropriate as this filing does not provide new information to warrant a change in investment thesis.

Keywords

SURO Capital Corp, SSSS, Allison Green, Form 4, Insider Transaction, Stock Disposition, Tax Obligations, Restricted Stock, Equity Incentive Plan, CFO