Neuberger Berman Group LLC 4

What Happened

• Neuberger Berman Group LLC, reported as a 10% owner of NB Asset-Based Credit Fund, made an open-market/private purchase on 2026-01-29 of 299,700.3 shares at $10.01 per share, for a total reported value of $3,000,000. This was a purchase (acquisition) rather than a sale.

Key Details

• Transaction date: 2026-01-29
• Transaction type/code: Purchase (P)
• Price & size: 299,700.3 shares @ $10.01 per share = $3,000,000
• Shares owned after transaction: Not disclosed in this Form 4 filing
• Footnotes:
  • F1: Securities were acquired in respect of the reporting person’s prior commitment (i.e., this purchase fulfilled a prior commitment).
  • F2: Notes a prior seed investment (2/21/2025) by NB Europe Holdings LLC, a Neuberger Berman subsidiary, which bought 10,000 Institutional Class Shares for $100,000 to comply with Section 14(a) of the Investment Company Act.
• Filing timeliness: Form 4 was filed 2026-02-02 for a 2026-01-29 transaction — this appears to be timely (within the usual two-business-day reporting window).

Context

• This filing reports an institutional purchase by a 10% owner (Neuberger Berman Group LLC), not an individual executive or director trade. Institutional purchases can reflect portfolio or seed/commitment activity rather than personal trading decisions. The footnote indicates the buy was to satisfy a prior commitment rather than a spontaneous market-timing decision.