PRUDENTIAL INSURANCE CO OF AMERICA 4

What Happened
Pruco Life Insurance Company (a Prudential subsidiary) purchased 1,406,738.649 Class I common shares of PGIM Private Credit Fund on January 23, 2026 at $24.87 per share, a total of $34,985,590. The same transaction is reported by The Prudential Insurance Company of America and Prudential Financial, Inc. as 10% owners (reflecting the ownership chain), indicating an institutional purchase rather than an individual executive trade.

Key Details

• Transaction date and price: 2026-01-23 at $24.87 per share.
• Shares purchased: 1,406,738.649 shares; aggregate purchase value per reporting entity: $34,985,590.
• Shares owned after transaction: not separately disclosed in the Form 4 for each reporting person.
• Footnotes of note:
  • F1: Pruco’s subscription was accepted Dec 30, 2025; the share count was fixed and price determined on Jan 23, 2026.
  • F2: Includes Common Shares issued under the issuer’s dividend reinvestment plan as of the filing date.
  • F3: Pruco Life directly holds the shares; Pruco is a wholly owned subsidiary of The Prudential Insurance Company of America, which is a wholly owned subsidiary of Prudential Financial, Inc.
• Filing timeliness: Form 4 was filed on 2026-01-27 (timely within required reporting window).

Context
This was a straight purchase by an institutional 10% owner (Pruco Life), reported up the Prudential ownership chain. Institutional purchases can signal allocation decisions by a large investor, but this filing reflects an institutional subscription and ownership structure rather than insider/executive sentiment. No options exercise, gift, or sale was reported in this filing.