Charles M. Royce - 14 Jun 2023 Form 4 Insider Report for Oxford Square Capital Corp. (OXSQ)

Reporting relationship: Director
Issuer ticker: OXSQ
Reported as of: 14 Jun 2023
Net transaction value: +$1,583,442
SEC form: 4
Accepted by SEC: 07 Jul 2023, 12:44:49 UTC
Prior SEC filing: 03 Apr 2023
Next SEC filing: 03 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Charles M. Royce

Key filing fact

Charles M. Royce filed Form 4 for Oxford Square Capital Corp. (OXSQ) on 07 Jul 2023.

Key facts

This page summarizes Charles M. Royce's Form 4 filing for Oxford Square Capital Corp. (OXSQ).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 07 Jul 2023, 12:44.

Change

Previous filing in this sequence was filed on 03 Apr 2023.
Current net transaction value: +$1,583,442.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OXSQ transaction

Common Stock, par value $0.01 per share

Exercise of in-the-money or at-the-money derivative security

Transaction value: $1,322,573
Shares: +497,208
Change %: +40%
Price: $2.66
Shares after: 1,727,510
Date: 14 Jun 2023
Ownership: Held by Royce Family Investments, LLC

OXSQ transaction

Common Stock, par value $0.01 per share

Exercise of in-the-money or at-the-money derivative security

Transaction value: $260,869
Shares: +98,071
Change %: +33%
Price: $2.66
Shares after: 392,285
Date: 14 Jun 2023
Ownership: Held by Royce Family Fund, Inc.

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OXSQ transaction Derivative

Transferable Subscription Rights (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -497,208
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Jun 2023
Ownership: Held by Royce Family Investments, LLC
Underlying class: Common stock
Underlying amount: 497,208
Exercise price: $2.66
Footnotes: F1, F2

OXSQ transaction Derivative

Transferable Subscription Rights (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -98,071
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Jun 2023
Ownership: Held by Royce Family Fund, Inc.
Underlying class: Common Stock
Underlying amount: 98,071
Exercise price: $2.66
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On May 10, 2023, Oxford Square Capital Corp. (the "Company") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Company's common shares, as of the record date of May 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 16,633,723 of the Company's common shares. Record Date Shareholders received one Right for every three common shares held on the record date. The Rights entitle their holders to purchase one new common share for every one Right held. The subscription price per common share is $2.66 (the "basic subscription privilege"). The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on June 14, 2023.

Footnote F2

The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase at a price of $2.66 per common share additional common shares of the Company, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. Includes approximately 87,108 shares issued pursuant to the over-subscription privilege in connection with the Rights Offering. The amount of shares issued pursuant to such over-subscription privilege to each exercising rights holder was determined on June 22, 2023.