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[8-K] Gladstone Capital Corp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 4 overview: Bread Financial Holdings, Inc. (BFH) filed a Form 4 disclosing that Director Roger H. Ballou received a grant of 2,802 restricted stock units (RSUs) on 16 June 2025. The RSUs will vest on 16 June 2026 and convert into common shares at that time.

Following the grant, Ballou’s total beneficial ownership is reported as 41,117 BFH common shares, held directly. The filing lists a detailed schedule of previously granted, still-unvested RSUs dating back to 2015, showing a long-standing equity alignment with the company.

No sales, option exercises, or derivative security transactions were reported. The grant represents a routine, board-approved equity award rather than an open-market purchase; therefore, it does not alter the public float, cash position, or operational outlook of Bread Financial. The transaction is unlikely to be financially material for investors given the company’s market capitalization, but it does signal continued insider equity participation.

Panoramica del Modulo 4: Bread Financial Holdings, Inc. (BFH) ha presentato un Modulo 4 comunicando che il Direttore Roger H. Ballou ha ricevuto una concessione di 2.802 unità azionarie vincolate (RSU) il 16 giugno 2025. Le RSU matureranno il 16 giugno 2026 e si convertiranno in azioni ordinarie a quel momento.

Dopo la concessione, la detenzione totale beneficiaria di Ballou è riportata come 41.117 azioni ordinarie BFH, detenute direttamente. La documentazione include un programma dettagliato di RSU precedentemente concesse e ancora non maturate, risalenti al 2015, evidenziando un allineamento azionario di lunga data con la società.

Non sono state segnalate vendite, esercizi di opzioni o transazioni di strumenti derivati. La concessione rappresenta un premio azionario di routine approvato dal consiglio, piuttosto che un acquisto sul mercato aperto; pertanto, non modifica il flottante pubblico, la posizione di cassa o le prospettive operative di Bread Financial. La transazione è improbabile che abbia un impatto finanziario rilevante per gli investitori, considerando la capitalizzazione di mercato della società, ma indica una continua partecipazione azionaria da parte degli insider.

Resumen del Formulario 4: Bread Financial Holdings, Inc. (BFH) presentó un Formulario 4 revelando que el Director Roger H. Ballou recibió una concesión de 2,802 unidades de acciones restringidas (RSU) el 16 de junio de 2025. Las RSU se consolidarán el 16 de junio de 2026 y se convertirán en acciones ordinarias en ese momento.

Tras la concesión, la propiedad beneficiaria total de Ballou se reporta como 41,117 acciones ordinarias de BFH, mantenidas directamente. La presentación incluye un cronograma detallado de RSU otorgadas previamente y aún no consolidadas desde 2015, mostrando un alineamiento accionarial de larga data con la empresa.

No se reportaron ventas, ejercicios de opciones ni transacciones de valores derivados. La concesión representa una asignación de acciones rutinaria aprobada por la junta, en lugar de una compra en el mercado abierto; por lo tanto, no altera el flotante público, la posición de efectivo ni las perspectivas operativas de Bread Financial. La transacción probablemente no sea financieramente material para los inversores dado el valor de mercado de la compañía, pero sí indica una continua participación accionarial de los insiders.

ì–‘ì‹ 4 개요: Bread Financial Holdings, Inc.(BFH)µç� ì´ì‚¬ Roger H. Ballouê°€ 2025ë…� 6ì›� 16ì¼ì— 2,802ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 수여받았ë‹�ê³� ì–‘ì‹ 4ë¥� 제출했습니다. ì� RSUµç� 2026ë…� 6ì›� 16ì¼ì— 권리 확정ë˜ì–´ ê·� 시ì ì—� 보통주로 전환ë©ë‹ˆë‹�.

수여 í›� Ballouì� ì´� 실질 소유 ì£¼ì‹ ìˆ�µç� 41,117 BFH 보통ì£�ë¡� ì§ì ‘ 보유하고 있µç” 것으ë¡� ë³´ê³ ë˜ì—ˆìŠµë‹ˆë‹�. 제출 ì„œë¥˜ì—µç” 2015ë…„ë¶€í„� 부여ë˜ì–� ì•„ì§ ê¶Œë¦¬ 확정ë˜ì§€ ì•Šì€ RSUì� ìƒì„¸ ì¼ì •ì� í¬í•¨ë˜ì–´ 있으ë©�, ì´µç” íšŒì‚¬ì™€ì� 장기ì ì¸ ì£¼ì‹ ì—°ê³„ë¥� ë³´ì—¬ì¤ë‹ˆë‹�.

매ë„, 옵션 행사 ë˜µç” íŒŒìƒ ì¦ê¶Œ 거래µç� ë³´ê³ ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ 수여µç� 공개 시장 매수가 아닌 ì´ì‚¬íš� 승ì¸ì—� 따른 정기 ì£¼ì‹ ë³´ìƒìœ¼ë¡œ, Bread Financialì� 유통 ì£¼ì‹ ìˆ�, 현금 ìƒíƒœ ë˜µç” ìš´ì˜ ì „ë§ì—� 변화를 주지 않습니다. 회사ì� 시가ì´ì•¡ì� ê³ ë ¤í•� ë•� 투ìžìžì—ê²� 재무ì ìœ¼ë¡� 중요í•� 거래µç� 아니지ë§�, ë‚´ë¶€ìžë“¤ì� ì§€ì†ì ì� ì£¼ì‹ ì°¸ì—¬ë¥� 나타냅니ë‹�.

Présentation du formulaire 4 : Bread Financial Holdings, Inc. (BFH) a déposé un formulaire 4 révélant que le directeur Roger H. Ballou a reçu une attribution de 2 802 unités d’actions restreintes (RSU) le 16 juin 2025. Les RSU seront acquises le 16 juin 2026 et converties en actions ordinaires à ce moment-là.

Suite à cette attribution, la possession bénéficiaire totale de Ballou est déclarée à 41 117 actions ordinaires BFH, détenues directement. Le dépôt comprend un calendrier détaillé des RSU précédemment attribuées et encore non acquises depuis 2015, démontrant un alignement actionnarial de longue date avec la société.

Aucune vente, exercice d’option ou transaction sur titres dérivés n’a été signalée. Cette attribution représente une récompense en actions approuvée par le conseil, et non un achat sur le marché libre ; elle ne modifie donc pas le flottant public, la trésorerie ni les perspectives opérationnelles de Bread Financial. La transaction est peu susceptible d’être financièrement significative pour les investisseurs compte tenu de la capitalisation boursière de la société, mais elle témoigne d’une participation continue des initiés au capital.

Übersicht Formular 4: Bread Financial Holdings, Inc. (BFH) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Direktor Roger H. Ballou am 16. Juni 2025 eine Zuteilung von 2.802 Restricted Stock Units (RSUs) erhalten hat. Die RSUs werden am 16. Juni 2026 fällig und zu diesem Zeitpunkt in Stammaktien umgewandelt.

Nach der Zuteilung wird Ballous gesamtes wirtschaftliches Eigentum mit 41.117 BFH-Stammaktien angegeben, die direkt gehalten werden. Die Einreichung enthält einen detaillierten Zeitplan zuvor gewährter, noch nicht fälliger RSUs seit 2015, was eine langjährige Aktienbindung an das Unternehmen zeigt.

Es wurden keine Verkäufe, Ausübungen von Optionen oder Transaktionen mit derivativen Wertpapieren gemeldet. Die Zuteilung stellt eine routinemäßige, vom Vorstand genehmigte Aktienzuteilung dar und keinen Kauf am offenen Markt; daher ändert sie weder den Streubesitz, die Liquiditätslage noch die operative Perspektive von Bread Financial. Die Transaktion ist angesichts der Marktkapitalisierung des Unternehmens für Investoren finanziell wahrscheinlich nicht wesentlich, signalisiert jedoch eine fortgesetzte Insider-Beteiligung am Eigenkapital.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU grant to director; neutral impact.

The 2,802-share RSU award to Director Roger Ballou modestly increases his stake but neither changes insider ownership percentages materially nor involves cash outlay. No shares were sold, so there is no negative selling signal, yet the size is immaterial relative to BFH’s ~50 million shares outstanding. Investors should view this as standard board compensation, offering negligible valuation impact.

Panoramica del Modulo 4: Bread Financial Holdings, Inc. (BFH) ha presentato un Modulo 4 comunicando che il Direttore Roger H. Ballou ha ricevuto una concessione di 2.802 unità azionarie vincolate (RSU) il 16 giugno 2025. Le RSU matureranno il 16 giugno 2026 e si convertiranno in azioni ordinarie a quel momento.

Dopo la concessione, la detenzione totale beneficiaria di Ballou è riportata come 41.117 azioni ordinarie BFH, detenute direttamente. La documentazione include un programma dettagliato di RSU precedentemente concesse e ancora non maturate, risalenti al 2015, evidenziando un allineamento azionario di lunga data con la società.

Non sono state segnalate vendite, esercizi di opzioni o transazioni di strumenti derivati. La concessione rappresenta un premio azionario di routine approvato dal consiglio, piuttosto che un acquisto sul mercato aperto; pertanto, non modifica il flottante pubblico, la posizione di cassa o le prospettive operative di Bread Financial. La transazione è improbabile che abbia un impatto finanziario rilevante per gli investitori, considerando la capitalizzazione di mercato della società, ma indica una continua partecipazione azionaria da parte degli insider.

Resumen del Formulario 4: Bread Financial Holdings, Inc. (BFH) presentó un Formulario 4 revelando que el Director Roger H. Ballou recibió una concesión de 2,802 unidades de acciones restringidas (RSU) el 16 de junio de 2025. Las RSU se consolidarán el 16 de junio de 2026 y se convertirán en acciones ordinarias en ese momento.

Tras la concesión, la propiedad beneficiaria total de Ballou se reporta como 41,117 acciones ordinarias de BFH, mantenidas directamente. La presentación incluye un cronograma detallado de RSU otorgadas previamente y aún no consolidadas desde 2015, mostrando un alineamiento accionarial de larga data con la empresa.

No se reportaron ventas, ejercicios de opciones ni transacciones de valores derivados. La concesión representa una asignación de acciones rutinaria aprobada por la junta, en lugar de una compra en el mercado abierto; por lo tanto, no altera el flotante público, la posición de efectivo ni las perspectivas operativas de Bread Financial. La transacción probablemente no sea financieramente material para los inversores dado el valor de mercado de la compañía, pero sí indica una continua participación accionarial de los insiders.

ì–‘ì‹ 4 개요: Bread Financial Holdings, Inc.(BFH)µç� ì´ì‚¬ Roger H. Ballouê°€ 2025ë…� 6ì›� 16ì¼ì— 2,802ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 수여받았ë‹�ê³� ì–‘ì‹ 4ë¥� 제출했습니다. ì� RSUµç� 2026ë…� 6ì›� 16ì¼ì— 권리 확정ë˜ì–´ ê·� 시ì ì—� 보통주로 전환ë©ë‹ˆë‹�.

수여 í›� Ballouì� ì´� 실질 소유 ì£¼ì‹ ìˆ�µç� 41,117 BFH 보통ì£�ë¡� ì§ì ‘ 보유하고 있µç” 것으ë¡� ë³´ê³ ë˜ì—ˆìŠµë‹ˆë‹�. 제출 ì„œë¥˜ì—µç” 2015ë…„ë¶€í„� 부여ë˜ì–� ì•„ì§ ê¶Œë¦¬ 확정ë˜ì§€ ì•Šì€ RSUì� ìƒì„¸ ì¼ì •ì� í¬í•¨ë˜ì–´ 있으ë©�, ì´µç” íšŒì‚¬ì™€ì� 장기ì ì¸ ì£¼ì‹ ì—°ê³„ë¥� ë³´ì—¬ì¤ë‹ˆë‹�.

매ë„, 옵션 행사 ë˜µç” íŒŒìƒ ì¦ê¶Œ 거래µç� ë³´ê³ ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ 수여µç� 공개 시장 매수가 아닌 ì´ì‚¬íš� 승ì¸ì—� 따른 정기 ì£¼ì‹ ë³´ìƒìœ¼ë¡œ, Bread Financialì� 유통 ì£¼ì‹ ìˆ�, 현금 ìƒíƒœ ë˜µç” ìš´ì˜ ì „ë§ì—� 변화를 주지 않습니다. 회사ì� 시가ì´ì•¡ì� ê³ ë ¤í•� ë•� 투ìžìžì—ê²� 재무ì ìœ¼ë¡� 중요í•� 거래µç� 아니지ë§�, ë‚´ë¶€ìžë“¤ì� ì§€ì†ì ì� ì£¼ì‹ ì°¸ì—¬ë¥� 나타냅니ë‹�.

Présentation du formulaire 4 : Bread Financial Holdings, Inc. (BFH) a déposé un formulaire 4 révélant que le directeur Roger H. Ballou a reçu une attribution de 2 802 unités d’actions restreintes (RSU) le 16 juin 2025. Les RSU seront acquises le 16 juin 2026 et converties en actions ordinaires à ce moment-là.

Suite à cette attribution, la possession bénéficiaire totale de Ballou est déclarée à 41 117 actions ordinaires BFH, détenues directement. Le dépôt comprend un calendrier détaillé des RSU précédemment attribuées et encore non acquises depuis 2015, démontrant un alignement actionnarial de longue date avec la société.

Aucune vente, exercice d’option ou transaction sur titres dérivés n’a été signalée. Cette attribution représente une récompense en actions approuvée par le conseil, et non un achat sur le marché libre ; elle ne modifie donc pas le flottant public, la trésorerie ni les perspectives opérationnelles de Bread Financial. La transaction est peu susceptible d’être financièrement significative pour les investisseurs compte tenu de la capitalisation boursière de la société, mais elle témoigne d’une participation continue des initiés au capital.

Übersicht Formular 4: Bread Financial Holdings, Inc. (BFH) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Direktor Roger H. Ballou am 16. Juni 2025 eine Zuteilung von 2.802 Restricted Stock Units (RSUs) erhalten hat. Die RSUs werden am 16. Juni 2026 fällig und zu diesem Zeitpunkt in Stammaktien umgewandelt.

Nach der Zuteilung wird Ballous gesamtes wirtschaftliches Eigentum mit 41.117 BFH-Stammaktien angegeben, die direkt gehalten werden. Die Einreichung enthält einen detaillierten Zeitplan zuvor gewährter, noch nicht fälliger RSUs seit 2015, was eine langjährige Aktienbindung an das Unternehmen zeigt.

Es wurden keine Verkäufe, Ausübungen von Optionen oder Transaktionen mit derivativen Wertpapieren gemeldet. Die Zuteilung stellt eine routinemäßige, vom Vorstand genehmigte Aktienzuteilung dar und keinen Kauf am offenen Markt; daher ändert sie weder den Streubesitz, die Liquiditätslage noch die operative Perspektive von Bread Financial. Die Transaktion ist angesichts der Marktkapitalisierung des Unternehmens für Investoren finanziell wahrscheinlich nicht wesentlich, signalisiert jedoch eine fortgesetzte Insider-Beteiligung am Eigenkapital.

GLADSTONE CAPITAL CORP false 0001143513 0001143513 2025-06-23 2025-06-23 0001143513 us-gaap:CommonStockMember 2025-06-23 2025-06-23 0001143513 us-gaap:DeferrableNotesMember 2025-06-23 2025-06-23
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2025 (June 23, 2025)

 

 

Gladstone Capital Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   814-00237   54-2040781

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1521 Westbranch Drive, Suite 100

McLean, Virginia

  22102
(Address of principal executive offices)   (Zip Code)

(703) 287-5800

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

symbol

 

Name of each exchange

on which registered

Common Stock, $0.001 par value per share   GLAD   The Nasdaq Stock Market LLC
7.75% notes due 2028   GLADZ   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 1.01

Entry into a Material Definitive Agreement.

On June 23, 2025, Gladstone Capital Corporation (the “Company”), through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 9 (the “Amendment”) to its Sixth Amended and Restated Credit Agreement with KeyBank National Association (“KeyBank”), as administrative agent, lead arranger and lender, Gladstone Management Corporation, the Company’s Adviser, as servicer, and certain other lenders party thereto (together with the Amendment, the “Credit Facility”).

Under the terms of the Amendment, the Credit Facility was amended to, among other things, extend the revolving period of the Credit Facility to October 30, 2027 and extend the final maturity date of the Credit Facility to two years after the termination of the revolving period. The interest rate margin is 2.60% during the revolving period and 3.10% thereafter. The available borrowing commitments were increased by $26.3 million to $320.0 million at close and can be increased up to a maximum of $400.0 million pursuant to the accordion feature. In addition, the Amendment added a minimum utilization payment, increased the minimum net worth requirement for the guarantor, changed the unused fee, and increased the maximum Swing Advance amount.

The Credit Facility continues to include customary terms, covenants, events of default and constraints on borrowing availability based on collateral tests for a credit facility of its size and nature.

KeyBank and the other lenders under the Credit Facility, and their respective affiliates, may from time to time receive customary fees and expenses in the performance of investment banking, financial advisory or other services for the Company. The foregoing summary of the Credit Facility is not complete and is qualified in its entirety by reference to the Credit Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.

 

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is hereby incorporated by reference into this Item 2.03.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

No.

  

Description

10.1    Amendment No. 9 to Sixth Amended and Restated Credit Agreement, dated as of June 23, 2025 by and among Gladstone Business Loan, LLC, as Borrower, Gladstone Management Corporation, as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 25, 2025     GLADSTONE CAPITAL CORPORATION
    By:  

/s/ Nicole Schaltenbrand

     

Nicole Schaltenbrand

Chief Financial Officer & Treasurer

FAQ

What did the BFH Form 4 dated 18 June 2025 disclose?

Director Roger H. Ballou received 2,802 restricted stock units on 16 June 2025, raising his beneficial ownership to 41,117 shares.

When will the newly granted RSUs to Roger Ballou vest?

The 2,802 RSUs will vest on 16 June 2026.

Did the BFH insider sell any shares in this filing?

No. The filing reports only an acquisition (grant) of RSUs; no sales were recorded.

How many BFH shares does Roger Ballou now own?

After the grant, Ballou’s total beneficial ownership is 41,117 common shares.

Is the RSU grant considered material to BFH investors?

Given the small size relative to BFH’s share count, the grant is not financially material and is viewed as routine board compensation.
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