FROPX Flat Rock Opportunity Fund Insider Trading

CFO Ripp Ryan bought 2,741 shares of Flat Rock Opportunity Fund (FROPX) at $14.59 for $40,000.00

Ripp Ryan, serving as CFO, Treasurer and Secretary, purchased 2,741 shares at $14.59 on 2026-04-09, bringing his total holdings to 18,114 shares and representing a 17.8% increase from his pre-transaction position of 15,372 shares. This is the sixth open-market purchase by Ryan at FROPX; his prior five trades at this ticker (dating from 2025-01-17 through 2025-11-28) have yet to reach measurable 30-day and 90-day outcomes. Across all tickers, Ryan has executed 14 prior open-market buys, providing a baseline of buy activity, though no historical timing data is yet available for evaluation at this specific security.

Director Durston Marshall purchases 1,532 shares of FROPX for $25,000.00; holdings rise to 3.7K shares (+72.0%)

Durston Marshall, a Director, purchased 1,532 shares of Flat Rock Opportunity Fund at $16.31 on 2025-12-09, increasing his holdings by 72.0% from 2.1K to 3.7K shares. The transaction coincides with a cluster buy pattern, with 2 other insiders also acquiring shares within the past 14 days, suggesting coordinated interest. Marshall's cross-ticker track record shows 8 prior buys, but his same-ticker history at FROPX (2 prior trades) has outcomes not yet measurable. While the cluster activity may reflect broader confidence, no prior timing data at this specific ticker establishes a reliable pattern of purchase accuracy.

Director Coolidge R. Scott buys 1,532 shares of FROPX at $16.31 for $25,000.00; third insider buy in 14 days

Coolidge R. Scott, a director, purchased 1,532 shares at $16.31 on 2025-12-09, increasing his holdings by 72.0% from 2,128 shares to 3,661 shares. This transaction occurred as part of a cluster pattern: 2 other insiders also bought within the past 14 days, suggesting coordinated or synchronized accumulation activity at the fund level. The director's cross-ticker track record shows 8 prior buys, but his same-ticker history at FROPX consists of only 2 prior transactions (on 2024-12-18 and 2023-12-22), neither of which has yet reached measurable 90-day outcome windows. The clustering of three insider purchases within a 14-day window is a notable signal of potential alignment among the fund's leadership, though the director's limited track record at this specific ticker limits confidence in timing reliability.

CFO Ripp Ryan bought 3,069 shares at blended avg $16.29 for $50,000.01, raising holdings 25% to 15.4K shares

Ripp Ryan, CFO, Treasurer and Secretary of Flat Rock Opportunity Fund, executed 2 separate purchases totaling 3,069 shares for $50,000.01 at prices of $16.29 and $16.28 on consecutive business days (2025-11-26 and 2025-11-28). The purchases increased his holdings from 12.3K shares to 15.4K shares, a net change of +25.0%. Ryan has a track record of 11 prior open-market buys across all tickers, though none of his 5 prior purchases at FROPX have reached measurable 90-day return windows. The timing pattern across his same-ticker history at FROPX shows 0 of 0 prior buys were well-timed at the 90-day mark (because outcome measurement is not yet available for any of the 5 prior trades). This filing documents a CFO's continued accumulation in his own fund at a consistent price near $16.29, extending an established pattern of discretionary purchasing activity at this ticker.

Chief Investment Officer Shiloh R. Bates buys 1,234 shares of FROPX at $17.18, raising holdings to 33.0K shares

Bates, the Chief Investment Officer, purchased 1,234 shares of Flat Rock Opportunity Fund at $17.18 on 2025-09-24, a routine addition that increased his holdings by 3.9% to 33.0K shares. This is his fourth open-market buy in the fund, continuing a pattern of purchases across FROPX. His prior three purchases at this ticker—on 2025-01-27, 2024-10-16, and 2023-08-18—lack measurable 90-day outcomes, providing no track record of timing accuracy at this security. The buy represents continued accumulation in his official investment vehicle, but without outcome data from prior same-ticker trades or fundamental developments, it signals routine portfolio activity rather than a compelling directional conviction.

Ripp Ryan (CFO) purchases 1,725 shares of FROPX at $17.39 for $29,999.99, bringing holdings to 12,302 shares

Ripp Ryan, serving as CFO, Treasurer and Secretary, acquired 1,725 shares at $17.39 on 2025-08-18, increasing his holdings by 16.3% from 10,577 to 12,302 shares. This represents a $29,999.99 transaction and marks the fifth open-market purchase by Ryan at FROPX within the past year. Prior purchases at this ticker on 2024-08-09, 2024-10-11, 2025-01-17, and 2025-03-06 have not yet produced measurable 90-day outcomes. Across his entire open-market trading history covering all tickers, Ryan shows 10 prior buys, though none of his same-ticker purchases have been well-timed at the 90-day mark. The repetitive accumulation pattern suggests sustained interest in the fund position, though the data does not yet provide measurable evidence of favorable market timing outcomes.

CEO Grunewald bought 5,720 shares of FROPX at $17.48 for $100,000, extending a pattern of three prior purchases

Robert Grunewald, CEO of Flat Rock Opportunity Fund, purchased 5,720 shares at $17.48 on 2025-06-30 for a total value of $100,000.00, increasing his holdings from 126,441 shares to 132,161 shares. This represents his fourth open-market purchase of FROPX within a recent 6-month window (prior buys on 2025-05-30, 2025-04-10, and 2024-01-10), demonstrating a consistent acquisition pattern. Notably, his cross-ticker track record comprises 3 prior open-market buys across all holdings, and his same-ticker history shows all three prior FROPX purchases are too recent to have measurable 30-day or 90-day performance outcomes. The incremental nature of these purchases—approximately 4.5% additional to his existing stake—suggests sustained accumulation rather than a concentrated bet, though no measurable outcome data is yet available to contextualize the timing quality of any of these transactions.

CEO Robert Grunewald bought 5,678 shares of FROPX at $17.61 for $100,000.01, raising holdings to 124,866 shares

Robert Grunewald, CEO of Flat Rock Opportunity Fund, purchased 5,678 shares at $17.61 on 2025-05-30, a discretionary open-market buy totaling $100,000.01. His total FROPX holdings increased to 124,866 shares post-transaction. This marks his third buy of FROPX (prior purchases on 2025-04-10 and 2024-01-10), indicating sustained engagement with the fund's equity. However, outcomes from his two prior FROPX purchases remain unmeasurable due to insufficient elapsed time, and his cross-ticker track record shows no prior instances of well-timed buys at the 90-day mark. The transaction itself represents a meaningful capital commitment but lacks sufficient historical context at this ticker to support a pattern interpretation.

CEO Robert Grunewald buys 5,826 shares of FROPX at $17.16 for $99,990.00; holdings rise to 116,224 shares.

CEO Robert Grunewald purchased 5,826 shares of Flat Rock Opportunity Fund at $17.16 on 2025-04-10, increasing his position from 110,397 shares to 116,224 shares (+5.3% vs pre-transaction holdings). This is his second open-market purchase at this ticker; his prior buy on 2024-01-10 outcomes are not yet measurable. His cross-ticker track record shows only 1 prior buy, limiting evidence on his historical execution pattern. The transaction represents a modest incremental accumulation without identifiable external catalysts documented in this filing.

CFO Ryan Ripp bought 1,341 shares of FROPX at $18.64 on 2025-03-06 for $25,000.01; holdings now 10,577 shares.

Ripp Ryan, serving as CFO, Treasurer and Secretary, purchased 1,341 shares at $18.64, increasing his holdings from 9,236 to 10,577 shares—a 14.5% increase in position size. This represents the fourth open-market purchase at FROPX within the past seven months (prior buys on 2025-01-17, 2024-10-11, and 2024-08-09), indicating consistent accumulation of this position. However, the prior three purchases remain too recent to measure outcome reliability; none have reached the 90-day threshold for performance assessment. The insider maintains a track record of 9 prior buys across all tickers, though this does not directly inform his execution accuracy at FROPX specifically.