TriplePoint Venture Growth BDC’s Top Execs Buy Big—A Sign of Insider Confidence Amid Market Low?

Insider Buying at TriplePoint Venture Growth BDC Corp. – What It Signals for Investors

TriplePoint Venture Growth BDC Corp. (TPVG) has just added a new layer of insider activity to its already active trading calendar. President and Chief Investment Officer Srivastava Sajal completed two Rule 10b5‑1 purchases on 7 and 8 January 2026, buying 30,877 and 16,833 shares respectively at $6.43–$6.61 per share. The cumulative purchase of 47,710 shares represents a modest 0.018 % of the company’s roughly 260 million‑dollar market cap, but the timing and method of the trade carry weight for shareholders.

Why Rule 10b5‑1 Trades Matter

Rule 10b5‑1 allows insiders to pre‑arrange a schedule of trades that is insulated from accusations of insider trading. While the trades are automatically executed, their execution is still a clear signal of confidence: the buyer is willing to lock in a purchase price even when the market is near its 52‑week low of $5.24 and only a month after the company’s credit‑facility extension announcement. For a closed‑end fund that specializes in venture‑stage technology investments, such a purchase can be interpreted as an endorsement of the firm’s long‑term strategy and liquidity profile.

Recent Insider Activity – A Broader Context

Sajal’s two latest purchases sit in line with a broader pattern of regular buying. From December 2025 through early January 2026, he has executed more than 30 sizable purchases, totaling over 400,000 shares. His most recent holdings, 1,958,690 shares, equal roughly 0.75 % of TPVG’s outstanding shares. The company’s CEO, Labe James, has mirrored this activity, completing four transactions in the same period. Together, the two top executives hold about 1.6 % of the company, a concentration that is relatively high for a BDC but typical for a tightly managed investment vehicle.

Implications for the Stock and Investors

1. Confidence in Growth Outlook – Regular insider buying, especially under a pre‑planned plan, signals that senior management believes TPVG’s valuation is undervalued or that it has sufficient capital to continue financing its portfolio of venture‑stage tech companies.
2. Liquidity and Shareholder Alignment – Insiders holding a sizable stake often align their interests with those of public shareholders. The 0.75 % stake held by Sajal and the comparable holding by James suggest a shared long‑term commitment, which can temper short‑term volatility.
3. Potential for Share Price Support – In periods of market softness, insider buying can help prevent a freefall. TPVG’s share price has slipped 2.2 % in the month and 11.6 % year‑to‑date, yet the consistent buying trend may act as a floor.
4. Watch the Credit Facility – TPVG’s most recent credit‑facility extension was announced in early December. A stable financing backstop reduces funding risk, and insider confidence further reinforces the company’s resilience.

Who Is Srivastava Sajal? A Quick Profile

• Role: President and Chief Investment Officer, leading the firm’s investment thesis and portfolio construction.
• Buying Behavior: Since late 2025, he has executed 40+ trades, averaging 12,000–35,000 shares per transaction, with most purchases between $6.30 and $6.70 per share.
• Strategic Focus: His trade pattern indicates a belief in the mid‑price range of the stock, aligning with the firm’s target valuation of $6.50–$7.00 based on its P/E of 7.54 and stable cash flow from venture financing.
• Commitment Level: Holding 1.9 million shares, he owns roughly 0.7 % of TPVG, a significant but not controlling stake, signaling a long‑term view rather than a short‑term speculation.

Bottom Line for Investors

Sajal’s Rule 10b5‑1 purchases, coupled with his historical buying trend, reinforce a narrative of confidence in TPVG’s business model and capital structure. While the trades are modest in size, their consistency suggests that senior management expects the firm’s value to remain anchored near the current price or rise modestly as the BDC continues to deploy capital into high‑growth tech companies. Investors should view this activity as a positive indicator of insider alignment, but should also monitor TPVG’s quarterly performance, portfolio health, and the broader venture‑stage funding environment for a fuller picture of future upside.