KLINSKY STEVEN B 4
4 · New Mountain Finance Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
New Mountain Finance (NMFC) 10% Owner Steven Klinsky Buys Shares
What Happened
Steven B. Klinsky, reported as a 10% owner of New Mountain Finance Corporation (NMFC), acquired a total of 500,000 shares in four open‑market/private purchases on March 10–11, 2026. Each lot was purchased at $8.05 per share, for a combined purchase price of $4,025,000. These transactions are coded "P" (purchase).
Key Details
- Transaction dates and lots:
- 2026-03-10: 74,586 shares @ $8.05 = $600,417
- 2026-03-10: 149,172 shares @ $8.05 = $1,200,835
- 2026-03-11: 92,080 shares @ $8.05 = $741,244
- 2026-03-11: 184,162 shares @ $8.05 = $1,482,504
- Total: 500,000 shares for $4,025,000.
- Shares owned after transaction: not specified in the provided excerpt; filing lists Klinsky as a 10% owner.
- Notable footnotes: F1 notes inclusion of shares from the company’s dividend reinvestment plan; multiple footnotes (F2–F10) indicate many shares are held directly by various trusts (including 2024 revocable trusts and long‑term trusts) and that Klinsky disclaims beneficial ownership of trust‑held shares except to his pecuniary interest. Some shares are held indirectly by immediate family member trusts.
- Filing/timeliness: Form 4 filed March 12, 2026 for transactions on March 10–11, 2026 — appears to be filed within the normal Form 4 reporting window.
Context
These were outright purchases (code P) by a significant shareholder rather than option exercises or grants. As a 10% owner with holdings routed through multiple trusts, the filing shows ownership structure and disclaimers common for family/trust holdings. Purchases can be viewed as a direct investment in NMFC shares, but do not by themselves explain motives; they may reflect portfolio/estate planning or other non‑operational reasons.
Insider Transaction Report
- Purchase
Common Stock
[F2]2026-03-10$8.05/sh+74,586$600,417→ 1,373,030 total(indirect: See Note) - Purchase
Common Stock
[F2]2026-03-11$8.05/sh+92,080$741,244→ 1,465,110 total(indirect: See Note) - Purchase
Common Stock
[F8]2026-03-10$8.05/sh+149,172$1,200,835→ 5,186,696 total(indirect: See Note) - Purchase
Common Stock
[F8]2026-03-11$8.05/sh+184,162$1,482,504→ 5,370,858 total(indirect: See Note)
- 116,823.91
Common Stock
[F1] - 1,020,267(indirect: See Note)
Common Stock
[F3] - 11,191(indirect: See Note)
Common Stock
[F4] - 11,175(indirect: See Note)
Common Stock
[F5] - 11,175(indirect: See Note)
Common Stock
[F6] - 11,175(indirect: See Note)
Common Stock
[F7] - 3,457,379(indirect: See Note)
Common Stock
[F9] - 855,000(indirect: See Note)
Common Stock
[F10]
Footnotes (10)
- [F1]Includes shares previously acquired under the New Mountain Finance Corporation dividend reinvestment plan.
- [F10]The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 3") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 3 except to the extent of his pecuniary interest therein.
- [F2]The Steven B. Klinsky 2008 Long Term Trust directly owns these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]The Steven B. Klinsky Non-GST Exempt Trust directly owns these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F4]Includes (i) 16 shares held directly and (ii) 11,175 shares held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F5]Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F6]Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F7]Shares are held indirectly through a trust by an immediate family member of the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F8]The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 1") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 1 except to the extent of his pecuniary interest therein.
- [F9]The Steven B. Klinsky 2024 Revocable Trust ("2024 Trust 2") directly owns these shares. The reporting person disclaims beneficial ownership held by 2024 Trust 2 except to the extent of his pecuniary interest therein.