ROTHSTEIN STUART 4

What Happened
Stuart Rothstein, a director of Apollo Asset Backed Credit Co. LLC, acquired 9,917.723 shares on February 25, 2025 at $25.21 per share, for a total transaction value of approximately $250,000. The reported transaction code is P (purchase), which indicates a buy rather than a sale.

Key Details

• Transaction date and price: 2025-02-25, 9,917.723 shares at $25.21 each.
• Total value: ≈ $250,000.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: The issuer determined the number of reported shares issued effective Feb 3, 2025 upon determination of NAV per share as of Jan 31, 2025 (see F1). This suggests the shares reported may relate to shares issued based on the fund’s NAV.
• Filing timeliness: Transaction reported on SEC accession 0001193125-26-106478 filed 2026-03-13 for a 2025-02-25 transaction — this appears to be a late Form 4 filing (normally due within two business days).

Context
Purchases by directors are generally more informative than sales because they involve the insider adding to their position, but filings can reflect different mechanics for closed-end funds or interval funds (e.g., share issuances at NAV). The footnote indicates an NAV-based issuance process rather than necessarily an open-market trade. The late filing means investors should note the delayed disclosure; late Form 4s can attract SEC attention or require explanations.