Crescent Capital (CCAP) 10% Owner Fidelity & Guaranty Sells Shares

What Happened Fidelity & Guaranty Life Insurance Co., listed as a 10% owner of Crescent Capital BDC, Inc. (CCAP), sold a total of 15,482 shares in open-market transactions. The filing reports 5,011 shares sold on 2026-09-03 at a VWAP of $10.34 for $51,811 and 10,471 shares sold on 2026-09-04 at a VWAP of $10.39 for $108,755 — aggregate proceeds of $160,566. This was a sale (a disposition of shares), not a purchase.

Key Details

• Transaction dates and reported prices:
  • 2026-09-03: 5,011 shares sold @ reported VWAP $10.34 (footnote indicates transactions ranged $10.31–$10.38).
  • 2026-09-04: 10,471 shares sold @ reported VWAP $10.39 (footnote indicates transactions ranged $10.36–$10.43).
• Total shares sold: 15,482; total proceeds reported: $160,566.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnotes:
  • F1/F3: Sales on each date were executed in multiple transactions; the single price reported is a volume-weighted average — the filer will provide per-price breakdown on request.
  • F2: Some shares are held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the reporting entity.
• Filing timeliness: The Form 4 was filed on 2026-09-08 for transactions on 2026-09-03 and 2026-09-04 — more than two business days after the first reported sale, so the filing appears to be late under typical Section 16 reporting timelines.

Context

• This reporting party is an institutional 10% owner, not an individual executive; institutional disposals can reflect portfolio rebalancing or other institutional needs rather than insider views of the company.
• Prices are reported as VWAPs across multiple trades; detailed per-trade prices are available from the filer upon request.