Allen Brad 4
4 · Keystone Private Income Fund · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Keystone Private Income Fund Treasurer Brad Allen Buys $6M Shares
What Happened Brad Allen, Treasurer of Keystone Private Income Fund, acquired 60,882.801 shares on March 1, 2026 at $98.55 per share, for a total purchase value of approximately $6,000,000. The transaction is reported on a Form 4 filed March 13, 2026 and is coded as a purchase (P).
Key Details
- Transaction date and price: March 1, 2026 — 60,882.801 shares @ $98.55 each (total ≈ $6,000,000).
- Transaction type: Purchase (subscription/open market or private purchase as reported).
- Filing date: March 13, 2026 — the Form 4 was filed 12 days after the transaction date (appears late under the two-business‑day Section 16 filing rule).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Subscription was dated March 1, 2026; NAV per share pricing as of March 1 was finalized on March 12, 2026.
- F2 & F4: Mr. Allen disclaims beneficial ownership of shares held by Hallein Holdings LLC except to his pecuniary interest.
- F2, F3, F4, F5: The filing also references small amounts of Class Z shares (505.426; 35.068; 7.24; 39.098) acquired via the issuer’s dividend reinvestment plan from Jan 24, 2026 through the report date.
Context This was a straight purchase/subscription of fund shares (not an option exercise or gift). Purchases by insiders can be interpreted by some investors as a positive signal, but filings are factual records of transactions and do not disclose the insider’s motivation. The late filing reduces near-term transparency and is notable for compliance observers.
Insider Transaction Report
- Purchase
Class Z Shares
[F1][F2]2026-03-01$98.55/sh+60,882.801$6,000,000→ 123,031.554 total(indirect: By LLC)
- 2,308.357
Class Z Shares
[F3] - 476.546(indirect: By Son)
Class Z Shares
[F4] - 2,573.574(indirect: By Spouse)
Class Z Shares
[F5]
Footnotes (5)
- [F1]Subscription of the Shares was dated March 1, 2026, with NAV per share pricing as of March 1, 2026 which was finalized on March 12, 2026.
- [F2]Includes 505.426 Class Z Shares acquired pursuant to the Issuer's dividend reinvestment plan from January 24, 2026 through the date of this report. Mr. Allen disclaims beneficial ownership of Shares held by Hallein Holdings LLC, except to the extent of his pecuniary interest therein.
- [F3]Includes 35.068 Class Z Shares acquired pursuant to the Issuer's dividend reinvestment plan from January 24, 2026 through the date of this report.
- [F4]Includes 7.24 Class Z Shares acquired pursuant to the Issuer's dividend reinvestment plan from January 24, 2026 through the date of this report. Mr. Allen disclaims beneficial ownership of these Shares, and this report shall not be deemed an admission that Mr. Allen is the beneficial owner of such Shares for purpose of Section 16 or for any other purpose.
- [F5]Includes 39.098 Class Z Shares acquired pursuant to the Issuer's dividend reinvestment plan from January 24, 2026 through the date of this report.