Runway Growth Finance Corp.
US ˙ NasdaqGS ˙ US78163D1000

Introduction

This page provides a comprehensive analysis of the known insider trading history of R David Spreng. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate R David Spreng has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:RWAY / Runway Growth Finance Corp. President and CEO, Director 147,525
Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by R David Spreng. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases RWAY / Runway Growth Finance Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RWAY / Runway Growth Finance Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2024-12-19 RWAY SPRENG R DAVID 1,000 10.3400 1,000 10.3400 10,340 64 11.6300 1,290 12.48
2024-11-20 RWAY SPRENG R DAVID 8,803 10.1800 8,803 10.1800 89,615
2024-11-18 RWAY SPRENG R DAVID 7,556 10.1200 7,556 10.1200 76,467
2024-08-14 RWAY SPRENG R DAVID 5,000 10.1700 5,000 10.1700 50,850
2024-03-21 RWAY SPRENG R DAVID 5,000 11.8800 5,000 11.8800 59,400
2024-03-14 RWAY SPRENG R DAVID 20,460 11.6100 20,460 11.6100 237,541
2023-11-27 RWAY SPRENG R DAVID 8,022 12.8000 8,022 12.8000 102,682
2023-11-22 RWAY SPRENG R DAVID 9,662 12.6400 9,662 12.6400 122,128
2023-11-21 RWAY SPRENG R DAVID 7,689 12.5300 7,689 12.5300 96,343
2023-11-20 RWAY SPRENG R DAVID 7,500 12.3900 7,500 12.3900 92,925
2023-11-17 RWAY SPRENG R DAVID 6,600 12.2900 6,600 12.2900 81,114
2023-06-06 RWAY SPRENG R DAVID 125 12.4700 125 12.4700 1,559
2023-03-17 RWAY SPRENG R DAVID 5,000 11.4300 5,000 11.4300 57,150
2023-03-16 RWAY SPRENG R DAVID 9,596 11.3380 9,596 11.3380 108,799
2022-12-16 RWAY SPRENG R DAVID 4,284 12.6700 4,284 12.6700 54,278
2022-12-15 RWAY SPRENG R DAVID 6,700 11.8600 6,700 11.8600 79,462
2022-12-14 RWAY SPRENG R DAVID 7,705 11.7500 7,705 11.7500 90,534
2022-12-13 RWAY SPRENG R DAVID 6,415 11.7300 6,415 11.7300 75,248
2022-08-24 RWAY SPRENG R DAVID 1,000 12.6700 1,000 12.6700 12,670
2022-06-21 RWAY SPRENG R DAVID 5,000 11.7500 5,000 11.7500 58,750
2022-03-11 RWAY SPRENG R DAVID 25,000 12.3500 25,000 12.3500 308,750
2022-03-10 RWAY SPRENG R DAVID 5,000 12.3500 5,000 12.3500 61,750
2021-12-13 RWAY SPRENG R DAVID 11,080 13.4800 11,080 13.4800 149,358
2021-12-10 RWAY SPRENG R DAVID 12,266 13.5200 12,266 13.5200 165,836
2021-03-24 NONE SPRENG R DAVID 20,461 15.0000 20,461 15.0000 306,911
2020-03-31 NONE SPRENG R DAVID 21,021 15.0000 21,021 15.0000 315,308
2019-12-20 NONE SPRENG R DAVID 9,587 15.0000 9,587 15.0000 143,801
2019-10-01 NONE SPRENG R DAVID 4,829 15.0000 4,829 15.0000 72,433
2019-05-10 NONE SPRENG R DAVID 619 15.1600 619 15.1600 9,387
2019-05-10 NONE SPRENG R DAVID 294 15.1600 294 15.1600 4,451
2019-05-10 NONE SPRENG R DAVID 4,286 15.1600 4,286 15.1600 64,978
2019-01-02 NONE SPRENG R DAVID 1,014 15.0000 1,014 15.0000 15,206
2019-01-02 NONE SPRENG R DAVID 2,135 15.1900 2,135 15.1900 32,434
2019-01-02 NONE SPRENG R DAVID 395 15.1900 395 15.1900 6,004
2019-01-02 NONE SPRENG R DAVID 4,191 15.1900 4,191 15.1900 63,658
2018-09-14 NONE SPRENG R DAVID 726 15.0200 726 15.0200 10,906

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RWAY / Runway Growth Finance Corp. Insider Trades
Insider Sales RWAY / Runway Growth Finance Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RWAY / Runway Growth Finance Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RWAY / Runway Growth Finance Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by R David Spreng as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-04-01 2025-03-28 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		J - Other -61,986 147,525 -29.59 10.75 -666,349 1,585,894
2025-04-01 2025-03-28 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		J - Other 30,637 101,169 43.44 10.75 329,344 1,087,561
2024-12-19 2024-12-19 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 1,000 70,532 1.44 10.34 10,340 729,299
2024-11-22 2024-11-20 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 8,803 209,511 4.39 10.18 89,615 2,132,821
2024-11-20 2024-11-19 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 13,187 200,708 7.03 10.10 133,189 2,027,150
2024-11-20 2024-11-18 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 7,556 187,521 4.20 10.12 76,467 1,897,712
2024-08-16 2024-08-14 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 5,000 69,532 7.75 10.17 50,850 707,139
2024-03-25 2024-03-21 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 5,000 64,532 8.40 11.88 59,400 766,638
2024-03-18 2024-03-14 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 20,460 179,965 12.83 11.61 237,541 2,089,393
2023-11-28 2023-11-27 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 8,022 152,805 5.54 12.80 102,682 1,955,903
2023-11-24 2023-11-22 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 9,662 144,783 7.15 12.64 122,128 1,830,056
2023-11-24 2023-11-21 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 7,689 135,121 6.03 12.53 96,343 1,693,065
2023-11-21 2023-11-20 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 7,500 127,432 6.25 12.39 92,925 1,578,881
2023-11-21 2023-11-17 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 6,600 119,932 5.82 12.29 81,114 1,473,963
2023-06-09 2023-06-06 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 125 56,103 0.22 12.47 1,559 699,600
2023-03-17 2023-03-17 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 5,000 55,978 9.81 11.43 57,150 639,825
2023-03-17 2023-03-16 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 9,596 113,332 9.25 11.34 108,799 1,284,957
2022-12-16 2022-12-16 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 4,284 102,731 4.35 12.67 54,278 1,301,601
2022-12-16 2022-12-15 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 6,700 98,447 7.30 11.86 79,462 1,167,580
2022-12-15 2022-12-14 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 7,705 99,452 8.40 11.75 90,534 1,168,560
2022-12-15 2022-12-13 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 6,415 91,747 7.52 11.73 75,248 1,076,191
2022-08-25 2022-08-24 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 1,000 50,978 2.00 12.67 12,670 645,887
2022-06-22 2022-06-21 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 5,000 49,604 11.21 11.75 58,750 582,843
2022-03-14 2022-03-11 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 25,000 44,017 131.46 12.35 308,750 543,616
2022-03-14 2022-03-10 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 5,000 19,017 35.67 12.35 61,750 234,866
2021-12-14 2021-12-13 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 11,080 85,332 14.92 13.48 149,358 1,150,274
2021-12-14 2021-12-10 4 RWAY Runway Growth Finance Corp.
Common Stock, par value $0.01 per share 		P - Purchase 12,266 74,252 19.79 13.52 165,836 1,003,886
2021-04-08 2021-03-24 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 20,461 61,986 49.27 15.00 306,911 929,789
2020-04-01 2020-03-31 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 21,021 41,525 102.52 15.00 315,308 622,878
2019-12-20 2019-12-20 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 9,587 20,212 90.23 15.00 143,801 303,179
2019-10-03 2019-10-01 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 4,829 10,610 83.53 15.00 72,433 159,143
2019-05-14 2019-05-10 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 4,286 10,386 70.26 15.16 64,978 157,454
2019-05-14 2019-05-10 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 294 1,740 20.30 15.16 4,451 26,376
2019-05-14 2019-05-10 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 619 3,573 20.96 15.16 9,387 54,173
2019-01-04 2019-01-02 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 4,191 5,943 239.17 15.19 63,658 90,274
2019-01-04 2019-01-02 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 395 1,409 38.99 15.19 6,004 21,403
2019-01-04 2019-01-02 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 2,135 2,878 287.40 15.19 32,434 43,720
2019-01-04 2019-01-02 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 1,014 1,014 15.00 15,206 15,206
2018-09-18 2018-09-14 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 726 726 15.02 10,906 10,906
2017-12-11 2017-12-08 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 3,933 15,758 33.26 15.00 58,990 236,364
2017-09-05 2017-08-28 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 5,176 11,825 77.85 15.00 77,641 177,374
2017-06-14 2017-06-12 4 NONE Runway Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 3,638 6,649 120.81 15.00 54,566 99,733
2017-04-21 2017-04-19 4 NONE GSV Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 2,217 3,011 279.24 15.00 33,257 45,167
2016-12-19 2016-12-16 4 NONE GSV Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		P - Purchase 794 794 15.00 11,910 11,910
2016-04-12 3 NONE GSV Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		3,334
2016-04-12 3 NONE GSV Growth Credit Fund Inc.
Common Stock, par value $0.01 per share 		3,334
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -2,547,211 0 -100.00 4.10 -10,443,565
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -25,284 0 -100.00 4.10 -103,664
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -10,263 0 -100.00 4.10 -42,078
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -187,802 0 -100.00 4.10 -769,988
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -106,656 0 -100.00 4.10 -437,290
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		U - Other -437,604 0 -100.00 4.10 -1,794,176
2015-10-29 2015-10-27 4 ENVI ENVIVIO INC
Common Stock 		D - Sale to Issuer -73,648 0 -100.00
2015-08-07 2015-08-05 4 ENVI ENVIVIO INC
Common Stock 		A - Award 28,571 73,648 63.38
2014-07-28 2014-07-24 4 ENVI ENVIVIO INC
Common Stock 		A - Award 24,752 45,077 121.78
2013-07-22 2013-07-18 4 ENVI ENVIVIO INC
Common Stock 		A - Award 20,325 20,325
2012-05-25 2012-05-23 4 ENVI ENVIVIO INC
Stock Option (right to buy) 		A - Award 10,500 10,500
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -420,385 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -6,386 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -2,612 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -77,132 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -7,697 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series H2 Preferred Stock 		C - Conversion -81,045 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -231,701 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -3,499 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -1,431 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -40,879 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -4,217 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Series G2 Preferred Stock 		C - Conversion -21,810 0 -100.00
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -87,635 2,547,211 -3.33 8.37 -733,505 21,320,156
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -869 25,284 -3.32 8.37 -7,274 211,627
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -353 10,263 -3.33 8.37 -2,955 85,901
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -6,453 187,802 -3.32 8.37 -54,012 1,571,903
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -3,668 106,656 -3.32 8.37 -30,701 892,711
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		S - Sale -15,049 437,604 -3.32 8.37 -125,960 3,662,745
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 652,086 2,634,846 32.89
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 9,885 26,153 60.76
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 4,043 10,616 61.51
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 118,011 194,255 154.78
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 11,914 110,324 12.11
2012-05-02 2012-04-30 4 ENVI ENVIVIO INC
Common Stock 		C - Conversion 102,855 452,653 29.40
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		349,798
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		98,410
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		76,244
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		6,573
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		16,268
2012-04-24 3 ENVI ENVIVIO INC
Common Stock 		1,982,760
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)