Stellus Private Credit BDC CEO Robert T. Ladd Buys 2,300 Shares

What Happened

• Robert T. Ladd (CEO, President and Trustee) acquired 2,300 shares of Stellus Private Credit BDC on April 17, 2026 in a purchase transaction (listed as "P"). The shares were bought at $15.13 per share for a total cost of approximately $34,799. The filing notes these shares were acquired pursuant to the company's automatic dividend reinvestment plan (DRIP).

Key Details

• Transaction date and price: 2026-04-17 at $15.13 per share.
• Quantity and value: 2,300 shares, total ≈ $34,799.
• Method/code: Purchase (listed as "P"); described in filing as open market or private purchase and via DRIP.
• Footnote: Shares include those acquired under the Stellus Private Credit BDC automatic dividend reinvestment plan (DRIP), exempt under Rule 16a-11.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timing: Form filed 2026-04-21 (four days after the transaction). The 2-business-day reporting rule typically applies to Section 16 filings, though the DRIP acquisition is noted as exempt under Rule 16a-11, which can affect reporting obligations.

Context

• This is a purchase (a generally more informative signal than a sale), but it is a relatively small insider buy (~$35k). The DRIP-related acquisition means the purchase was automatic reinvestment of dividends rather than an opportunistic open-market buy; the filing notes the Rule 16a-11 exemption.