BANKERS LIFE & CASUALTY CO 4

What Happened
Bankers Life & Casualty Co, reported as a 10% owner of Privacore VPC Asset Backed Credit Fund (NONE), purchased 996,015.936 shares on 2026-03-19 at $10.04 per share, for a total reported value of $10,000,000. The filing shows this as a purchase (transaction code P), which is a direct acquisition of shares rather than a sale or option exercise.

Key Details

• Transaction date: 2026-03-19; Filing date: 2026-03-20 (timely, filed one day after the transaction).
• Price and amount: 996,015.936 shares at $10.04 per share = $10,000,000 total.
• Transaction type: Purchase (open market or private purchase reported).
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the filing.
• Insider type: 10% owner (institutional), not an executive—different regulatory and informational implications than insider officer trades.

Context
Purchases by large shareholders can be interpreted as increased exposure or confidence by an institutional holder, but they do not reveal the buyer’s motive. Because this is a 10% owner (institutional), the trade is not the same signal as an executive or director buying stock. The filing appears timely and includes no additional explanatory footnotes.