Patrick Schafer - 15 Jul 2025 Form 4 Insider Report for Portman Ridge Finance Corp (PTMN)

Role: Chief Investment Officer, Director
Signature: /s/ Patrick Schafer
Issuer symbol: PTMN
Transactions as of: 15 Jul 2025
Transactions value $: $0
Form type: 4
Filing time: 17 Jul 2025, 17:05:32 UTC
Previous filing: 15 May 2025
Next filing: 23 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Schafer Patrick	Chief Investment Officer, Director	C/O PORTMAN RIDGE FINANCE CORPORATION, 650 MADISON AVENUE, 3RD FLOOR, NEW YORK	/s/ Patrick Schafer	17 Jul 2025	0001772591

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTMN	Common Stock	Award		+2,153	+21.21%		12,305	15 Jul 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of January 29, 2025, by and among Portman Ridge Finance Corporation, a Delaware corporation ("PTMN"), Logan Ridge Finance Corporation, a Maryland corporation ("LRFC"), Portman Ridge Merger Sub, Inc., a Maryland corporation, Sierra Crest Investment Management LLC, a Delaware limited liability company and Mount Logan Management LLC, a Delaware limited liability company (the "Merger Agreement"). Pursuant to the Merger Agreement, each share of LRFC's common stock, par value $0.01 per share, was converted into the right to receive 1.5 shares of PTMN's common stock, par value $0.01 per share (subject to adjustment for cash payable in lieu of fractional shares).

Content

Acquired upon the completion of, and pursuant to the transactions contemplated by, the Agreement and Plan of Merger, dated as of January 29, 2025, by and among Portman Ridge Finance Corporation, a Delaware corporation ("PTMN"), Logan Ridge Finance Corporation, a Maryland corporation ("LRFC"), Portman Ridge Merger Sub, Inc., a Maryland corporation, Sierra Crest Investment Management LLC, a Delaware limited liability company and Mount Logan Management LLC, a Delaware limited liability company (the "Merger Agreement"). Pursuant to the Merger Agreement, each share of LRFC's common stock, par value $0.01 per share, was converted into the right to receive 1.5 shares of PTMN's common stock, par value $0.01 per share (subject to adjustment for cash payable in lieu of fractional shares).