Stellus Private Credit BDC CEO Robert Ladd Buys 2,548 Shares

What Happened

• Robert T. Ladd, CEO, President and Trustee of Stellus Private Credit BDC, acquired 2,548 shares on September 15, 2026. The shares were priced at $15.25 each for a total value of $38,857. The filing lists the transaction as a purchase (code P) and notes the total includes shares acquired under the company's automatic dividend reinvestment plan (DRIP).

Key Details

• Transaction date and price: 2026-09-15 — 2,548 shares at $15.25.
• Total value: $38,857.
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnote: Includes shares from Stellus Private Credit BDC’s automatic dividend reinvestment plan (DRIP); DRIP transactions are noted as exempt under Rule 16a-11.
• Filing timeliness: Report filed 2026-09-16 for a 2026-09-15 transaction — appears timely under Section 16 reporting rules.

Context

• This was a purchase (acquisition) rather than a sale; purchases can be more informative to investors than routine sales, but the inclusion of DRIP shares indicates at least part of this acquisition was a routine dividend reinvestment rather than an active open-market buy. The dollar amount is modest, and no additional insider holdings or intent are disclosed.