Mastropaolo Michael 4

What Happened Michael Mastropaolo, Vice President of 26North BDC, Inc., was issued 3,978.44 shares on 2026-03-23 as an award/other acquisition. The shares were recorded at $25.14 each, for a total reported value of $100,018. The transaction code on the Form 4 is "A" (grant, award or other acquisition), indicating an acquisition rather than a sale.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-25 (filed within typical Form 4 timing).
• Price per share: $25.14; Shares acquired: 3,978.44; Total value: $100,018.
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: The reporting person has an uncalled capital commitment to the company that may be drawn over time in exchange for additional common shares at then-current net asset value.
• Footnote F2: Includes shares received under the company's dividend reinvestment plan as of this filing.
• Transaction type: "A" = Award/Acquisition (not a sale or option exercise).

Context This was an acquisition/award of common shares rather than a sale or option exercise. Footnotes indicate some of the shares relate to ongoing capital commitments and dividend reinvestment, which can create fractional share amounts. The filing appears timely (filed two days after the transaction date). As always, insider awards are factual disclosures and do not by themselves explain the insider's motives.