Sullivan Patrick Thomas 4

What Happened

• Patrick Thomas Sullivan, a director of 26North BDC, Inc., was issued 497.31 shares as a grant/award on March 23, 2026. The shares were recorded at $25.14 per share for a total value of $12,502. This was an acquisition/award (Form 4 code "A"), not a sale.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-25 (Form 4 accession 0001193125-26-124110).
• Price per share: $25.14; Total value: $12,502.
• Shares granted: 497.31 (fractional shares are common in dividend reinvestment and capital-commitment draws).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: The remaining uncalled portion of the reporting person’s capital commitment may be drawn down over time in exchange for additional common shares at then-current net asset value.
  • F2: The reported shares include shares received under the company’s dividend reinvestment plan as of this filing.
• No indication this filing was late.

Context

• This was an award/acquisition rather than an open-market purchase or sale. Awards and shares issued for capital calls or dividend reinvestment are routine for BDC management and directors and do not, by themselves, signal a change in insider sentiment. The footnotes indicate these shares relate to the director’s capital commitment and dividend reinvestment.