TPC Buys Departing Co-CEO's Entire $1.48M Stake, Raising Its Ownership to 5.68%
TPVG is trading near its 52-week low of $4.395 (14% above the low).
Summary
TPC, TriplePoint's investment adviser, purchased departing Co-CEO Sajal Srivastava's entire 313,865-share stake for $1.48 million in a private transaction, raising its direct ownership to 5.68% and the broader insider group's stake to over 7.4%.
Key Events · Ownership and Investor Activity · TPVG
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TPC Buys Srivastava's Entire Stake
TriplePoint Capital LLC purchased 313,865.22 shares from departing Co-CEO Sajal Srivastava at $4.7061 per share for $1,477,081.09 in a private Section 4(a)(2) transaction on September 18, 2026.
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TPC Ownership Rises to 5.68%
The purchase increased TPC's direct beneficial ownership to 2,312,354.22 shares, or 5.68% of the 40,709,723 outstanding shares. Madera Ventures' aggregate stake rose to 7.36% and Michael Gontar's to 7.42%.
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Part of $14M Buyback Plan
The purchase was executed under TPC's discretionary share purchase program announced August 6, 2025, authorizing up to $14 million in open-market and private purchases below NAV. Prior purchases occurred December 11 and 31, 2025.
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James Labe Holds Largest Stake
Co-CEO James P. Labe beneficially owns 2,557,929.887 shares (approximately 6.28% of outstanding), including 2,312,254.22 shares indirectly through TriplePoint Capital Holdings LLC.
Analysis · TPVG · Unknown
The Schedule 13D reveals that the $1.48 million sale by departing Co-CEO Sajal Srivastava was not an open-market exit but a private purchase by TriplePoint Capital LLC (TPC), the company's own investment adviser. TPC paid $4.7061 per share for 313,865.22 shares, increasing its direct stake to 5.68% of outstanding shares. This is an internal transfer of ownership rather than a liquidation by an outsider — TPC and its affiliated entities (Madera Ventures, Michael Gontar, Robert Toan) now collectively control over 7.4% of the company. The purchase was executed under a previously announced $14 million buyback plan, signaling that TPC is using its own capital to absorb the departing executive's shares and maintain insider alignment.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 29.3% of the 1512 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TPVG was trading at $5.02 on NYSE in the Unknown sector, with a market capitalization of approximately $199.9M. The 52-week trading range was $4.40 to $6.95. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.