Form 4: WhiteHorse Finance Insider Sami Mnaymneh Reports Sale of 1,000,000 Shares
SEC Form 4 Filing
Sami Mnaymneh, a director of WhiteHorse Finance, reports the sale of 1,000,000 shares of common stock at $12.15 per share by H.I.G. Bayside Loan Opportunity Fund IV, L.P.
Summary
- On May 29, 2024, Sami Mnaymneh, a director of WhiteHorse Finance, filed a Form 4.
- The filing reports a transaction where H.I.G. Bayside Loan Opportunity Fund IV, L.P. (the 'Bayside Fund') sold 1,000,000 shares of WhiteHorse Finance common stock.
- The sale price was $12.15 per share.
- After the sale, the Bayside Fund holds 3,976,258 shares of WhiteHorse Finance common stock.
- Mr. Mnaymneh disclaims beneficial ownership of these shares except to the extent of his direct pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and large shareholders, providing transparency into their transactions in the company's stock. This particular filing indicates a reduction in the holdings of a significant shareholder, H.I.G. Bayside Loan Opportunity Fund IV, L.P.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of the transaction: sale of 1,000,000 shares of WHF common stock at $12.15 per share. |
| 05/30/2024 | Date of the Form 4 filing. |
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