Bilger Bruce R 4
4 · Stellus Capital Investment Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Stellus Capital (SCM) Director Bruce Bilger Buys Shares
What Happened
Bruce R. Bilger, a director of Stellus Capital Investment Corp. (SCM), made four open-market purchases on March 13, 2026, acquiring a total of 45,490 shares. Individual lots were: 19,417 @ $8.76 ($170,093); 10,362 @ $8.70 ($90,149); 11,111 @ $8.73 ($96,999); and 4,600 @ $8.75 ($40,250). Total cash outlay across the four buys was about $397,491. These were purchases (P), which are generally viewed as the insider adding to holdings rather than selling.
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (check timeliness vs. SEC two‑business‑day rule).
- Prices: weighted-average prices reported; price ranges across footnotes cited between ~$8.65 and $8.81 per share.
- Total shares bought: 45,490; total value ≈ $397,491.
- Shares owned after the transaction: not disclosed in the provided filing details.
- Footnotes: the filing states the prices shown are weighted averages and provides price ranges (F1–F3). The reporting person offers to supply full breakdowns of quantities at each price upon request.
- No 10b5‑1 plan, option exercises, gifts, or tax‑withholding transactions are disclosed in this filing.
Context
This report documents straightforward open‑market purchases by a company director. Purchases can be interpreted by investors as insiders adding to exposure, but they are one data point and do not reveal motive. If timeliness is a concern, retail investors may want to confirm whether the filing met SEC reporting time limits.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-13$8.76/sh+19,417$170,093→ 201,982 total - Purchase
Common Stock
[F2]2026-03-13$8.70/sh+10,362$90,149→ 212,344 total - Purchase
Common Stock
[F3]2026-03-13$8.73/sh+11,111$96,999→ 223,455 total - Purchase
Common Stock
2026-03-13$8.75/sh+4,600$40,250→ 228,055 total
Footnotes (3)
- [F1]The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.70 to $8.80 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.
- [F2]The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.71 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.
- [F3]The price shown in Column 4 is the weighted average purchase price, rounded to the nearest hundredth, of the shares of common stock of Stellus Capital Investment Corporation (the "Issuer"), par value $0.001 per share, on the transaction date. The price range for the purchases is $8.65 to $8.81 per share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.