Mayer Jeffrey Alan 4
4 · PIMCO Asset-Based Lending Co LLC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
PIMCO Asset-Based Lending Director Jeffrey Mayer Reinvests Shares
What Happened
Jeffrey Alan Mayer, a director of PIMCO Asset-Based Lending Co LLC, had 2,905.57 shares of the issuer redeemed at $10.24 each (proceeds $29,753) and simultaneously received 2,878.03 shares at $10.33 each (value $29,730) on May 28, 2026. The net effect was essentially a near-dollar-for-dollar conversion—proceeds from a Series I E liquidation were reinvested into Series II E shares rather than a market sale or open‑market purchase.
Key Details
- Transaction dates and amounts:
- 2026-05-28: Disposition to issuer (D) — 2,905.57 shares @ $10.24 = $29,753
- 2026-05-28: Acquisition (A) — 2,878.03 shares @ $10.33 = $29,730
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: The disposition/ acquisition represents the issuer liquidating Series I E shares and reinvesting the proceeds into Series II E shares.
- F2: The reported acquisitions include shares obtained via a qualified dividend reinvestment plan since the reporting person's last filing.
- Filing timeliness: The Form 4 was filed on 2026-06-01 for transactions dated 2026-05-28 — outside the typical 2-business-day Form 4 window (i.e., appears late).
- Exhibit: Exhibit 24 (Power of Attorney) is included on the filing.
Context
This was not a discretionary sale to raise cash or a new open-market purchase; it reflects an issuer-directed liquidation and reinvestment between share series. Such administrative conversions generally don’t signal a change in the insider’s market view.
Insider Transaction Report
- Disposition to Issuer
Series I E Shares
[F1][F2]2026-05-28$10.24/sh−2,905.57$29,753→ 0 total - Award
Series II E Shares
[F1]2026-05-28$10.33/sh+2,878.03$29,730→ 2,878.03 total
Footnotes (2)
- [F1]Represents the Issuer's liquidation of Series I E Shares, and reinvestment of resulting proceeds into Series II E Shares.
- [F2]Includes shares acquired through a qualified dividend reinvestment plan since the date of the Reporting Person's last filing.