KELLY RALPH DAVID 4

What Happened Kelly Ralph David, a director of TCW Direct Lending VIII LLC, disposed of 2,000 limited liability company units on April 1, 2026. The units were tendered in the issuer's exchange offer and accepted for exchange at $100.00 per unit, for a total value of $200,000. In settlement of the exchange offer he received 10,000 limited liability company units of TCW Specialty Lending LLC; the tendered TCW Direct Lending VIII units were subsequently canceled. This was an exchange/tender (disposition), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-04-01; filing date (Form 4): 2026-04-03 (timely filing).
• Transaction code: J (Other acquisition or disposition — exchange offer).
• Disposed: 2,000 TCW Direct Lending VIII LLC units at $100.00 each; total $200,000.
• Consideration received: 10,000 TCW Specialty Lending LLC units in exchange; the tendered units were canceled (see footnote F1).
• Shares owned after transaction: The filing shows the tendered TCW Direct Lending VIII units were canceled; the reporting person received 10,000 units of TCW Specialty Lending LLC (ownership of the original units was extinguished).
• No indication of a 10b5-1 plan, tax withholding, or other special handling noted in the filing.

Context This transaction reflects participation in the issuer's structured exchange offer — effectively a swap of units into a different TCW entity — rather than a market purchase or sale. Such exchange offers are common corporate actions and do not by themselves signal insider sentiment about the company’s near-term stock performance.