Fuchs Christine 4

What Happened Christine Fuchs, a director of Warburg Pincus Access Fund, L.P., was granted partnership units as compensation on February 2, 2026. The filing records two acquisitions: 2,000 Class E units at $0.00 (value $0) and 26,000 Class E units at $25.00 each (value $650,000). The 26,000-unit portion is described in the filing as an award for board service and fully vests on February 2, 2027. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: February 2, 2026
• Grant details: 2,000 units @ $0.00 (value $0); 26,000 units @ $25.00 (value $650,000)
• Total reported value (for the priced portion): $650,000
• Filing date: February 4, 2026 (filed two days after the transaction; appears timely)
• Shares/units owned after the transaction: Not disclosed in the Form 4 provided
• Footnote: F1 — award of Class E Limited Partnership Units granted as compensation for board service; the unit award fully vests on February 2, 2027
• Transaction code: A (award/grant)

Context This is a compensation grant to a board member, which is a routine way funds compensate directors and not the same signal as a market purchase or sale. The priced units vest one year after grant, so they are not immediately liquid. Note that Class E limited partnership units may differ in rights and liquidity from publicly traded common stock; retail investors should treat director awards primarily as compensation disclosures rather than direct insider market bets.