# EDGAR Filing Document

**Accession Number:** 0001691170
**File Stem:** 0001085146-25-004282
**Filing Date:** 2025-7
**Character Count:** 14557
**Document Hash:** 921eb628505d9fcefb2dbbc8063297ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004282.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001085146-25-004282

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250730

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Redwood Grove Capital, LLC
- **CENTRAL INDEX KEY:** 0001691170

**ORGANIZATION NAME:**
- **EIN:** 814070252
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20856
- **FILM NUMBER:** 251163333

**BUSINESS ADDRESS:**
- **STREET 1:** 228 HAMILTON AVE
- **STREET 2:** 3RD FLOOR
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 95301
- **BUSINESS PHONE:** 9175766926

**MAIL ADDRESS:**
- **STREET 1:** 228 HAMILTON AVE
- **STREET 2:** 3RD FLOOR
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 95301

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001691170

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Redwood Grove Capital, LLC

**Address:** 228 HAMILTON AVE, Palo Alto, CA 95301

**Telephone number:** 212-542-0683

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-20856

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                         | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                               | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Alibaba Group Holding Limited          | G01719114 | 08/22/2024     | Approve Omnibus Stock Plan                                     | SECTION 14A SAY-ON-PAY VOTES |          87340 |                0 | FOR         |                                    87340 | FOR                         |  |
| Alibaba Group Holding Limited          | G01719114 | 08/22/2024     | Approve Omnibus Stock Plan                                     | SECTION 14A SAY-ON-PAY VOTES |          87340 |                0 | FOR         |                                    87340 | FOR                         |  |
| Western Digital Corporation            | 958102105 | 11/20/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         212818 |                0 | FOR         |                                   212818 | FOR                         |  |
| Western Digital Corporation            | 958102105 | 11/20/2024     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         212818 |                0 | FOR         |                                   212818 | FOR                         |  |
| QUALCOMM Incorporated                  | 747525103 | 03/18/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         103206 |                0 | FOR         |                                   103206 | FOR                         |  |
| QUALCOMM Incorporated                  | 747525103 | 03/18/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         103206 |                0 | FOR         |                                   103206 | FOR                         |  |
| Humana Inc.                            | 444859102 | 04/17/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          62170 |                0 | FOR         |                                    62170 | FOR                         |  |
| Portland General Electric Company      | 736508847 | 04/18/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         347021 |                0 | FOR         |                                   347021 | FOR                         |  |
| Bank of America Corporation            | 060505104 | 04/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         360607 |                0 | AGAINST     |                                   360607 | AGAINST                     |  |
| Bank of America Corporation            | 060505104 | 04/22/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         360607 |                0 | AGAINST     |                                   360607 | AGAINST                     |  |
| IQVIA Holdings Inc.                    | 46266C105 | 04/24/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          52200 |                0 | FOR         |                                    52200 | FOR                         |  |
| American Express Company               | 025816109 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          28672 |                0 | FOR         |                                    28672 | FOR                         |  |
| Aspen Aerogels, Inc.                   | 04523Y105 | 04/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         147705 |                0 | FOR         |                                   147705 | FOR                         |  |
| Aspen Aerogels, Inc.                   | 04523Y105 | 04/30/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         147705 |                0 | AGAINST     |                                   147705 | AGAINST                     |  |
| Aspen Aerogels, Inc.                   | 04523Y105 | 04/30/2025     | Approve Qualified Employee Stock Purchase Plan                 | SECTION 14A SAY-ON-PAY VOTES |         147705 |                0 | FOR         |                                   147705 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Remuneration-Related                                           | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Approve Remuneration Policy                                    | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Approve Remuneration Policy                                    | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Approve Remuneration Policy                                    | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | AGAINST     |                                   284841 | AGAINST                     |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Approve Qualified Employee Stock Purchase Plan                 | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| Sanofi                                 | F5548N101 | 04/30/2025     | Approve Qualified Employee Stock Purchase Plan                 | SECTION 14A SAY-ON-PAY VOTES |         284841 |                0 | FOR         |                                   284841 | FOR                         |  |
| International Flavors  Fragrances Inc. | 459506101 | 05/01/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         219682 |                0 | FOR         |                                   219682 | FOR                         |  |
| Shoals Technologies Group, Inc.        | 82489W107 | 05/01/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        3014805 |                0 | AGAINST     |                                  3014805 | AGAINST                     |  |
| Smurfit WestRock Plc                   | G8267P108 | 05/02/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         261636 |                0 | FOR         |                                   261636 | FOR                         |  |
| Smurfit WestRock Plc                   | G8267P108 | 05/02/2025     | Advisory Vote on Say on Pay Frequency                          | SECTION 14A SAY-ON-PAY VOTES |         261636 |                0 | ONE YEAR    |                                   261636 | FOR                         |  |
| United Rentals, Inc.                   | 911363109 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          17225 |                0 | FOR         |                                    17225 | FOR                         |  |
| First Solar, Inc.                      | 336433107 | 05/14/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         103700 |                0 | FOR         |                                   103700 | FOR                         |  |
| Fiserv, Inc.                           | 337738108 | 05/14/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          99232 |                0 | FOR         |                                    99232 | FOR                         |  |
| Fiserv, Inc.                           | 337738108 | 05/14/2025     | Clawback of Incentive Payments                                 | SECTION 14A SAY-ON-PAY VOTES |          99232 |                0 | AGAINST     |                                    99232 | FOR                         |  |
| Elanco Animal Health Incorporated      | 28414H103 | 05/16/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         860000 |                0 | FOR         |                                   860000 | FOR                         |  |
| Elanco Animal Health Incorporated      | 28414H103 | 05/16/2025     | Advisory Vote on Say on Pay Frequency                          | SECTION 14A SAY-ON-PAY VOTES |         860000 |                0 | ONE YEAR    |                                   860000 | FOR                         |  |
| Array Technologies, Inc.               | 04271T100 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        2172763 |                0 | AGAINST     |                                  2172763 | AGAINST                     |  |
| Amgen Inc.                             | 031162100 | 05/23/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          32070 |                0 | FOR         |                                    32070 | FOR                         |  |
| Merck  Co., Inc.                       | 58933Y105 | 05/27/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         125368 |                0 | FOR         |                                   125368 | FOR                         |  |
| PayPal Holdings, Inc.                  | 70450Y103 | 06/05/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         183404 |                0 | FOR         |                                   183404 | FOR                         |  |
| PayPal Holdings, Inc.                  | 70450Y103 | 06/05/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         183404 |                0 | AGAINST     |                                   183404 | AGAINST                     |  |
| Generac Holdings Inc.                  | 368736104 | 06/12/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          81380 |                0 | FOR         |                                    81380 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Redwood Grove Capital, LLC

**By (Signature):** Shahriq B. Sheikh

**By (Printed Signature):** Shahriq B. Sheikh

**By (Title):** Chief Operating Officer / Chief Compliance Officer

**Date:** 07/29/2025