McGovern, Brendan 4

What Happened

• Brendan McGovern, President & CEO and a director of 26North BDC, acquired 19,892.21 shares of the company's common stock on 2026-03-23. The reported acquisition price was $25.14 per share, for a total reported value of approximately $500,090. The transaction is reported on a Form 4 as an award/grant (code A).

Key Details

• Transaction date: 2026-03-23; Form filed: 2026-03-25 (appears timely).
• Price: $25.14 per share; Total value reported: ~$500,090.
• Shares acquired: 19,892.21.
• Shares owned after transaction: not specified in the filing.
• Footnote highlights:
  • The shares are directly held by BMM Income Fund LLC, for which McGovern exercises voting and investment control (F1). McGovern disclaims beneficial ownership except to the extent of his pecuniary interest.
  • The uncalled portion of the reporting persons' capital commitment may be drawn over time for additional shares at then-current NAV (F1).
  • The reported total includes shares received under a dividend reinvestment plan as of this filing date (F2).

Context

• This is an acquisition/award rather than a sale, which is typically more informative for investors than routine sales—but filings do not state motives.
• The structure (shares held via an LLC where McGovern controls voting/investment) means the filing reports control/pecuniary interest rather than necessarily direct personal ownership.