PGIM Private Credit Fund: Prudential Insurance (10% Owner) Sells $5.3M

What Happened Prudential Insurance Company of America (reported as a 10% owner) disposed of 214,746.359 shares of PGIM Private Credit Fund on July 28, 2026. The shares were transacted at $24.75 per share for a total value of $5,314,972. The filing indicates the shares were tendered by Pruco Life Insurance Company for repurchase by the issuer as part of the issuer's quarterly repurchase offer that expired July 28, 2026 — i.e., the sale reflects a repurchase tender, not necessarily a market-driven trade.

Key Details

• Transaction date and price: 2026-07-28 at $24.75 per share
• Shares disposed: 214,746.359; proceeds: $5,314,972
• Transaction code: S (sale / disposition); method: tender for issuer repurchase (footnote F1)
• Shares owned after transaction: not reported in the provided excerpt
• Filing date: 2026-07-30 (filed within the standard Form 4 window)
• Notable footnotes:
  • F1: Shares were tendered by Pruco Life Insurance Company in the issuer’s quarterly repurchase offer.
  • F2: Includes Class I common shares issued via the issuer’s dividend reinvestment plan.
  • F3: Common shares are directly held by Pruco Life Insurance Company, a wholly owned subsidiary of The Prudential Insurance Company of America, itself a subsidiary of Prudential Financial, Inc.

Context This report involves a 10% institutional owner (Prudential/Pruco), not an individual executive. Tendering shares in a repurchase offer is a routine liquidity or portfolio-management action and does not necessarily signal management sentiment about the company. The filing appears timely.