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

What Happened
Fidelity & Guaranty Life Insurance Company (a 10% owner of Crescent Capital BDC, Inc. (CCAP)) disposed of common stock in two open-market sales. On 2026-09-08 it sold 126,436 shares at a reported volume-weighted average price (VWAP) of $10.33 for proceeds of $1,306,362, and on 2026-09-09 it sold 139,054 shares at a reported VWAP of $10.23 for proceeds of $1,422,356. Total shares sold = 265,490; total proceeds ≈ $2,728,718. These were sales (dispositions), not purchases.

Key Details

• Transaction dates and reported VWAPs:
  • 2026-09-08: 126,436 shares @ $10.33 (proceeds $1,306,362). (Footnote F1: multiple trades at $10.285–$10.45; $10.33 is VWAP.)
  • 2026-09-09: 139,054 shares @ $10.23 (proceeds $1,422,356). (Footnote F3: multiple trades at $10.18–$10.28; $10.23 is VWAP.)
• Shares owned after the transactions: not specified in the Form 4 provided.
• Footnote F2: These shares were held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the reporting entity.
• Filing: Form 4 was filed 2026-09-09 for transactions dated 2026-09-08 and 2026-09-09 (no late-filing flag in the materials provided).

Context
This report reflects institutional selling by a 10% owner (an insurance company and its NY subsidiary), not an executive officer. Institutional disposals can reflect portfolio rebalancing or other institutional needs and do not by themselves indicate company operational issues or insider sentiment. The filing’s footnotes state the reported prices are VWAPs and that the filer can provide per-trade prices on request.