Rabil Albert 4/A

What Happened Albert Rabil, a director of Kayne Anderson BDC, sold a total of 164,706 KBDC shares on May 28, 2025. The sales were at $15.84 per share: 43,020 shares for $681,437 and 121,686 shares for $1,927,506, totaling about $2,608,943 (~$2.61M). These were sales (code S), which are routinely reported insider dispositions and do not by themselves indicate company outlook.

Key Details

• Transaction date: May 28, 2025; Price: $15.84 per share.
• Share breakdown: 43,020 shares ($681,437) and 121,686 shares ($1,927,506); total 164,706 shares ($2,608,943).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The filing states shares were sold in a private transaction to Ventus Capital KABDC, LLC. The manager of that LLC is James L. Robo, who is Chairman of KBDC’s Board.
• Amendment/Timeliness: This is an amended Form 4 filed 2026-03-27. The original Form 4 (filed 5/29/2025) omitted the 121,686-share sale; the amendment corrects that omission (the amendment was filed about 10 months after the transaction).

Context

• These were outright share sales (not option exercises or gifts). Sales by directors can be for many personal or tax reasons; they are common and should be interpreted cautiously. The amendment corrects the prior reporting error, improving transparency about director holdings and dispositions.