R David Spreng, President and Co-CEO at Runway Growth Finance, bought RWAY on Aug 14, 2026

Data as of Oct 16

▲ BUY$6.9K1,000 shares at $6.89R David Spreng President and Co-CEORWAY Runway Growth Finance Corp.

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Traded: Aug 14, 2026
Disclosed: Aug 18, 2026
Filed: 4 days after the trade

Form 4s are due within two business days.

Official filing (SEC Form 4) ↗

The price around the disclosure

RWAYSimilar stocks (S&P 500 (SPY)), rebased to RWAY's price on the disclosure day

RWAY since disclosure

−5.4%

Similar stocks (SPY) since disclosure

−0.5%

S&P 500 (SPY)

Change in closing price from Aug 18, 2026 (the first trading day on or after disclosure) to Oct 16, 2026. Dividends excluded. Not a return anyone earned.

Our take

⚪ CFO buys $25K+ of own stock — fired on this disclosure day
Not enough evidence · In past tests: 3.6 percentage points better than similar stocks over 3 months · 2,178 tries
⚪ CFO buys $25K+ of own liquid stock — fired on this disclosure day
Not enough evidence · In past tests: 2.0 percentage points better than similar stocks over 3 months · 1,426 tries

What this rule is doing with RWAY right now

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