Neuberger Berman Group LLC 4

What Happened

• Neuberger Berman Group LLC, reported as a 10% owner, made an open market/private purchase of 642,927.794 shares of NB Asset-Based Credit Fund on 2026-03-10 at $10.11 per share, for a reported total of $6,500,000. This was a purchase (an acquisition), which is generally viewed as a bullish signal compared with a sale, though institutional purchases can reflect fund commitments rather than trading views.

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-12 (timely filed within the Form 4 reporting window).
• Price and quantity: 642,927.794 shares at $10.11 per share; aggregate value reported as $6,500,000.
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: The securities were acquired in respect of the Reporting Person's prior commitment.
  • F2: On 2025-02-21, NB Europe Holdings LLC (a Neuberger Berman subsidiary) provided the Fund’s initial seed by buying 10,000 Institutional Class Shares for $100,000.
• Insider type: This is an institutional 10% owner, not an individual officer or director; institutional purchases often reflect strategic commitments or seed investments.

Context

• The filing indicates the purchase relates to a prior commitment rather than a short-term trading decision. For retail investors, purchases by a 10% institutional owner can signal confidence or the fulfillment of contractual/subscription obligations; it does not necessarily imply day-to-day trading sentiment.
• No options, gifts, or tax-withholding actions were reported in this transaction.