ROBO JAMES L 4/A

What Happened James L. Robo (reported as a Director; also the Manager of Ventus Capital KABDC, LLC and Chairman of KBDC’s Board) acquired a total of 164,706 shares of Kayne Anderson BDC, Inc. on May 28, 2025. The purchases consist of 43,020 shares at $15.84 each (total $681,437) and 121,686 shares at $15.84 each (total $1,927,506), for a combined value of $2,608,943. These were purchases (code P), which are generally treated as a more informative/bullish signal than sales, though no motive is stated.

Key Details

• Transaction date: 2025-05-28; price per share: $15.84.
• Lots: 43,020 shares ($681,437) and 121,686 shares ($1,927,506); total 164,706 shares ($2,608,943).
• Footnote: At least some shares were purchased in a private transaction from Albert Rabil, an interested director of KBDC. The filer is the Manager of Ventus Capital KABDC, LLC and Chairman of KBDC’s Board.
• Filing status: This is an AMENDED Form 4. The original Form 4 (filed 5/30/2025) omitted the 121,686-share purchase; the amendment (accession 0001183254-26-000001) corrects that omission. The amended filing was submitted on 2026-03-27, well after the transaction date.
• Shares owned after the transaction: Not disclosed in this amended filing.

Context Purchases reported by insiders can indicate confidence, but they do not prove future performance. The amendment and late reporting reduce the timeliness of this signal for investors; review other filings and company disclosures for a fuller picture.