4 insiders bought €153k of shares over the last 90 days, the latest by Goldthorpe Edward J., filed 22 Sept 2026.
Runway Growth Finance Corp., classified in the Finance & Banking sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). The last twelve months, up to 23 October 2026, brought 7 filings signed by 6 insiders.
Open-market activity splits into 5 purchases totalling €153k and 2 sales totalling €12.9M; 4 insiders sit on the buying side and 2 insiders on the selling side. The net balance comes to €12.7M on the selling side. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. At €9.7M, the sale published on 19 November 2025 by OCM Growth Holdings LLC is the largest of the period. Those buying include 2 chief executives, 1 finance chief and 1 senior executive.
Across the 3,167 companies tracked on its exchange, the median is 24 filings; at 7 filings, this issuer sits below that mark. Looking back to 2016, when coverage begins, insiders filed 210 purchases and 14 sales. The 10-K for the year ended 31 December 2025 shows 34.0 m USD of net income.
The data flag 4 purchases as part of a group of insiders buying within 30 days of each other. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The latest purchase dates back some time: it was published 32 days ago, on 22 September 2026. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 3 days. US insiders must file a Form 4 within two business days of a trade.
In the same sector, recent insider purchases at ASR Nederland N.V. and Avarda Bank AB also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
+1 other insider
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate Runway Growth Finance Corp. Buy (bullish), based on 7 analysts. Average price target: US$8.04.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
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Runway Growth Finance Corp. (ticker: RWAY) is a U.S.-listed specialty finance company trading on the NASDAQ in the United States. The company focuses on structured credit solutions for late-stage and growth-stage businesses, especially venture-backed and private equity-backed companies seeking alternatives to equity financing. It operates as a closed-end, non-diversified business development company (BDC) regulated under the Investment Company Act of 1940, placing it squarely in the public private-credit / income-oriented BDC universe.
The company was formed in 2015 as a Maryland corporation and later adopted its current name in 2021, when it changed from Runway Growth Credit Fund Inc. to Runway Growth Finance Corp. Its common stock began trading on the Nasdaq Global Select Market in October 2021 under the symbol RWAY. Historically, the company has maintained offices in Chicago, Menlo Park, and New York, reflecting both its financial-services footprint and its proximity to the U.S. technology ecosystem.
Runway Growth’s core business is senior secured lending to high-growth companies across a range of industries, including technology, life sciences, healthcare information and services, business services, financial services, and selected consumer categories. The portfolio is designed to generate current income through interest-bearing loans, while warrants and other equity-linked positions provide secondary upside if portfolio companies appreciate. This structure makes Runway Growth a niche lender positioned between venture debt and private credit, with a value proposition centered on flexible capital and reduced equity dilution for borrowers.
From a competitive standpoint, the company competes on underwriting discipline, sponsor relationships, and access to attractive growth-stage originations. Its target market is attractive when public and private equity markets are volatile, because many later-stage companies prefer non-dilutive capital to bridge growth phases or extend runway. In January 2025, Runway Growth Capital was acquired by BC Partners Credit, a large credit platform within BC Partners, which strengthened the adviser’s institutional scale and resource base while preserving the company’s dedicated investment strategy.
Recent corporate updates underscore the company’s active capital deployment and shareholder return profile. On May 7, 2026, Runway Growth reported first-quarter 2026 financial results and disclosed an investment portfolio of $886.3 million. On May 6, 2026, it announced a quarterly dividend of $0.33 per share. Earlier, in October 2025, the company entered into an Agreement and Plan of Merger involving SWK Holdings Corporation, signaling a material strategic transaction under consideration. For investors, RWAY is best understood as a U.S. public credit vehicle tied to the health of the late-stage venture ecosystem, interest-rate conditions, and underwriting performance in the growth-finance segment.
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | n.d. | 34.0 m USD | 0.93 USD | 10-K |
| Dec 2024 | n.d. | 73.6 m USD | 1.89 USD | 10-K |
| Dec 2023 | n.d. | 44.3 m USD | 1.09 USD | 10-K |
| Dec 2022 | n.d. | 32.3 m USD | 0.79 USD | 10-K |
| Dec 2021 | n.d. | 45.6 m USD | 1.33 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.