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RWAY Runway Growth Finance Corp. Insider Trading

Latest: Insider Sold $3.7M of Shares · Apr 2026
12 filings analyzed · Latest 2026-04-13
Insider buys
7
Insider sells
5
Unique insiders
4
Direction
Net buying
April 2026
2026-04-13
medium
Carlson Capital, L.P. Sell
560,105 shares
$3,691,092
@ $6.59
Significance 4/10

Carlson Capital sells 560,105 shares of RWAY at $6.59; stock down 42.1% from 52-week high.

Carlson Capital, L.P., a 10% owner, sold 560,105 shares (560.1K shares) of Runway Growth Finance Corp. at $6.59 on 2026-04-09, reducing holdings by 12.6% to 3.88M shares post-transaction. The sale occurred with the stock trading 42.1% below its 52-week high of $11.31 and down 29.3% over 90 days, at a time when the company's fundamentals show a P/E of 15.60 and a market cap of $236.7M. Across the insider's full open-market history, prior sells posted a 0.00% well-timed rate (higher = better), meaning the stock rose after those sales—this transaction's post-execution price performance warrants monitoring to assess consistency with that pattern. The data presents the transaction in its factual context: a substantial holder reducing position by over one-tenth during a period of material price decline.

November 2025
2025-11-19
high
OCM Growth Holdings LLC Sell
1,250,000 shares
$11,312,500
@ $9.05
Significance 7/10

OCM Growth Holdings (10% owner) sold 1,250,000 shares of RWAY at $9.05, reducing stake by 15.1%; stock down 22.9% from 52-week high.

OCM Growth Holdings, a 10% owner, executed a $11,312,500.00 sale on 2025-11-17, reducing holdings from 8,279,668 shares to 7,029,668 shares. The transaction occurred at $9.05, and the current price has fallen to $8.97, placing it down 22.9% from the 52-week high of $11.63 and down 9.2% over the last 30 days. The seller's cross-ticker track record shows a 70.00% well-timed rate on prior sells (90-day metric), and specifically at RWAY, 4 of 5 prior sales resulted in negative 90-day returns, indicating a pattern of selling before declines. The stock's 30-day and 90-day declines of -9.2% and -15.1%, combined with the steep 22.9% drawdown from the 52-week high, place this sale into a broader downtrend that aligns with the insider's historical timing pattern at this ticker.

August 2025
2025-08-12
low
OCM Growth Holdings LLC Sell
500,000 shares
$5,400,000
@ $10.80
Significance 4/10

OCM Growth Holdings LLC sold 500,000 shares (500.0K) of RWAY at $10.80 on 2025-08-08; maintains 8,279,668 shares.

OCM Growth Holdings LLC, a 10% shareholder, sold 500,000 shares of Runway Growth Finance Corp. for $5,400,000.00 on 2025-08-08, reducing holdings by 5.7% to 8,279,668 shares. The stock currently trades at $11.10, 2.8% above the sale price, and has moved +10.3% over 90 days. Across the insider's cross-ticker history, prior sells exhibited a 62.50% well-timed rate at the 90-day mark, though RWAY-specific results are mixed: 2 of 4 prior measurable same-ticker sales achieved negative 90-day returns (2024-06-10 and 2024-05-14), suggesting modest targeting of downturns. The fundamental backdrop shows a modest P/E of 5.58 with net income of $16,797,000.00 and a market cap of $402,004,615.20, placing this transaction in the context of a lower-valuation equity. The sale follows an earlier July 2025 RWAY sale by the same filer and represents ongoing, measured reduction of a significant stake rather than panic liquidation.

July 2025
2025-07-03
medium
OCM Growth Holdings LLC Sell
1,000,000 shares
$10,450,000
@ $10.45
Significance 5/10

OCM Growth Holdings LLC sold 1,000,000 shares of RWAY at $10.45; stock now $10.80, up 11.3% in 30 days

OCM Growth Holdings LLC, a 10% owner, sold 1,000,000 shares (1.00M shares) on 2025-07-01 at $10.45, reducing holdings from 9,779,668 shares (9.78M shares) to 8,779,668 shares (8.78M shares), a -10.2% reduction in stake. The sale occurs at a price -10.2% below the 52-week high of $12.02, while the stock has since gained 11.3% in 30 days and 12.4% in 90 days, suggesting the sale was not well-timed from a price appreciation perspective. Reviewing prior sales at RWAY, the insider achieved a 60% well-timed rate at the 90-day mark (3 of 5 prior sells), though cross-ticker track record shows a 62.50% well-timed rate with an average 90-day return of -3.4% post-sale. The current market price of $10.80 sits within the 52-week range and reflects positive momentum; valuation remains modest at a P/E of 6.35 and market cap of $403,352,222.40 ($403.4M).

April 2025
2025-04-03
high
OCM Growth Holdings LLC Sell
1,000,000 shares
$10,350,000
@ $10.35
Significance 6/10

OCM Growth Holdings LLC (10% owner) sold 1,000,000 shares of RWAY at $10.35; stock down 6.7% (30d), timing aligns with seller's track record

OCM Growth Holdings LLC divested 1,000,000 shares (9.3% of pre-transaction holdings) at $10.35 on April 1, 2025, reducing its stake to 9,779,668 shares. The transaction came as RWAY stock has fallen 6.7% over 30 days and 6.4% over 90 days, trading 21.6% below its 52-week high. Across his open-market history, OCM's prior sells have been well-timed 71.43% of the time, with a 90-day average return of -4.4%, and at this specific ticker (RWAY), 4 of 5 prior sales posted negative 90-day returns. The current sale follows this established pattern of selling into weakness rather than strength, consistent with the insider's demonstrated timing discipline across both cross-ticker and RWAY-specific transaction history.

December 2024
2024-12-19
medium
SPRENG R DAVID Buy
President and CEO
1,000 shares
$10,340
@ $10.34
Significance 5/10

CEO Spreng buys 1,000 RWAY shares at $10.34; 5th buy in 2 months, post-transaction holdings 70,531 shares

SPRENG R DAVID, President and CEO, purchased 1,000 shares at $10.34 on 2024-12-19, bringing holdings to 70.5K shares. This is the fifth open-market buy at RWAY in less than two months (prior buys on 2024-11-20, 2024-11-19, 2024-11-18, 2024-08-14, and 2024-03-21), establishing a pattern of repeated accumulation at this ticker. His same-ticker history shows mixed measurable outcomes: three recent purchases delivered 30-day returns of +1.5%, +1.2%, and prior buy on 2024-08-14 returned +3.6% at 90 days, while the 2024-03-21 buy declined -1.4% over 90 days. The stock currently trades at $10.25, below the $10.34 execution price, and 25.0% below its 52-week high of $13.67. At a P/E of 9.40 and market cap of $383.3M with $25.0M net income, the company trades at a modest valuation, though the repeated purchases amid a -25.0% drawdown from recent highs merit monitoring.

November 2024
2024-11-22
medium
Raterman Thomas B. Buy
See Remarks
8,803 shares
$89,615
@ $10.18
Significance 6/10

Raterman Thomas B. bought 8,803 shares of RWAY at $10.18 on 2024-11-20 as stock trades -23.8% from 52-week high.

Raterman Thomas B. purchased 8,803 shares at $10.18, expanding his holdings by 4.4% to 209,510 shares. This transaction occurs amid a significant drawdown: the stock is currently -23.8% from its 52-week high of $13.67. His prior trades at RWAY show a 100% well-timed pattern on the 90-day horizon (3 of 3 prior buys followed by positive returns), though recent momentum has been modest and two consecutive purchases at this ticker on 2024-11-19 and 2024-11-18 remain unmeasurable. His cross-ticker track record across all holdings shows strong historical performance (100% 90d win rate, +6.4% average 90d return), creating a baseline of predictive reliability, though such past accuracy is not necessarily transferable to this specific transaction. The company's fundamentals include a P/E of 9.56 with net income of $25,049,000.00, providing valuation context as the transaction concludes a three-day accumulation period.

2024-11-22
medium
SPRENG R DAVID Buy
President and CEO
8,803 shares
$89,615
@ $10.18
Significance 6/10

CEO David Spreng bought 8,803 shares at $10.18; stock -23.8% from 52-week high, P/E 9.56, 2 consecutive days of buying after prior successful timing.

CEO David Spreng purchased 8,803 shares at $10.18 on 2024-11-20, extending a pattern of consecutive daily buys (2024-11-19 and 2024-11-18 also purchased). His prior trades at RWAY show 2 of 3 measurable buys were well-timed at the 90-day mark, with the August buy returning +3.6% and the March buy returning +2.1%. The current price of $10.42 is -23.8% from the 52-week high of $13.67, and the company trades at a P/E of 9.56 with $25.0M in net income. The clustering of three daily purchases, combined with historical execution success at this ticker, warrants tracking whether this accumulation precedes a recovery or further weakness.

2024-11-20
high
Raterman Thomas B. Buy
See Remarks
20,743 shares
$209,655
@ $10.11
Significance 7/10

Thomas B. Raterman purchased 20,743 shares at blended average $10.11 for $209,655.42 across two trades at RWAY, raising stake 11.5% to 200,707 shares.

Raterman executed 2 separate purchases totaling 20,743 shares for $209,655.42 on consecutive dates (2024-11-18 and 2024-11-19), at a blended average price of $10.11 very close to the current price of $10.20. His prior trades at RWAY show a pattern of 4 of 4 prior buys that were well-timed at the 90-day mark, with returns ranging from +2.1% to +8.1% on that horizon. The current stock price sits -25.4% from its 52-week high of $13.67, creating a reversal from recent momentum (30-day change: -5.1%, 90-day change: -3.7%). The company trades at a P/E of 9.36 on net income of $25,049,000.00. This purchase at a notably depressed price level, combined with his established pattern of well-timed accumulation specifically at this ticker, suggests deliberate positioning near a potential inflection point.

2024-11-20
high
SPRENG R DAVID Buy
President and CEO
20,743 shares
$209,655
@ $10.11
Significance 7/10

RWAY CEO David Spreng buys 20,743 shares across 2 transactions for $209,655.42 at $10.11 avg blended price

R David Spreng, President and CEO of Runway Growth Finance Corp., executed 2 separate purchases totaling 20,743 shares for $209,655.42 on 2024-11-18 and 2024-11-19 at a blended average price of $10.11. His post-transaction holdings increased 11.5% to 200,707 shares. The current stock price of $10.20 is only 0.9% above the transaction prices, and the stock remains -25.4% from its 52-week high of $13.67. His prior trades at RWAY show mixed 90-day outcomes (3 of 4 prior measurable buys were well-timed at the 90-day mark), while his cross-ticker track record across 10 prior buys shows an 88.89% win rate with 5.5% average 90-day return. The company trades at a P/E of 9.36 with $25.0M net income and $381.5M market cap, suggesting a relatively modest valuation multiple.

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