TriplePoint Venture Growth CEO Labe buys $1.47m in shares

On September 18, 2026, James Labe, CEO and Director of TriplePoint Venture Growth BDC Corp., acquired 313,865.22 shares of the company's stock at $4.7061 per share, amounting to approximately $1.48 million. This purchase occurred as the stock price hovered near its 52-week low of $4.39, with the company's shares falling 14% year-to-date.

Post-acquisition, Mr. Labe's beneficial ownership consists of 2,312,354.22 shares held indirectly through TriplePoint Capital LLC, and 250 shares overseen by children's custodian trust accounts. Mr. Labe disclaimed beneficial ownership of these indirectly held securities, except for his vested financial interest. Directly, he holds an additional 245,325.667 shares, including dividends reinvested through TriplePoint Venture Growth BDC Corp.'s dividend plan.

The firm boasts a robust dividend yield of 16.77% and has consistently paid dividends for 13 consecutive years. TriplePoint Venture Growth BDC Corp. recently disclosed a quarterly earnings report showing earnings per share (EPS) of $0.26, surpassing analyst expectations of $0.24, yet revenue fell short at $22.14 million compared to the projected $22.95 million.

Despite this shortfall, the company announced a supplemental distribution of $0.12 per share, payable in two parts this year. Net investment income for the quarter declined to $8.3 million, or $0.21 per share, down from $9.1 million in the prior quarter. The net asset value (NAV) per share slightly increased from $8.65 to $8.67.

The company reported advancements in enhancing its portfolio and balance sheet, buoyed by a thriving venture capital market, especially in artificial intelligence. Furthermore, TriplePoint Venture Growth is transitioning its focus towards newer assets and away from legacy positions with higher payment-in-kind income.