Paniwozik Michael 4

What Happened

• Michael Paniwozik, President and Director of Apollo Asset Backed Credit Co LLC, acquired shares in two transactions totaling $80,000. On 2026-01-26 he acquired 1,976.847 shares at $25.29 each ($50,000), and on 2026-02-25 he acquired 1,187.005 shares at $25.27 each ($30,000). Both transactions are reported as purchases (code P), which are generally viewed as a bullish signal relative to sales.

Key Details

• Transaction dates and prices:
  • 2026-01-26: 1,976.847 shares @ $25.29 = $50,000
  • 2026-02-25: 1,187.005 shares @ $25.27 = $30,000
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: Number of shares issued on 1/26/2026 was determined effective 1/2/2026 based on NAV as of 12/31/2025.
  • F2: Includes shares acquired through the issuer’s distribution reinvestment plan (DRIP).
  • F3: Number of shares reported on 2/25/2026 was determined effective 2/2/2026 based on NAV as of 1/31/2026.
• Filing timeliness: Form filed 2026-03-13 covering trades on 2026-01-26 and 2026-02-25; since Form 4s are normally required within two business days of a reportable transaction, this filing appears later than the usual deadline.

Context

• The footnotes indicate these purchases include shares issued via the issuer’s distribution reinvestment plan (DRIP) and share counts were set based on net asset value determinations — meaning some or all of these "purchases" were the result of reinvesting distributions rather than separate open-market buys. That distinction affects interpretation: DRIP activity can reflect automatic reinvestment of dividends rather than a discretionary cash purchase.