Kim Andrew J 4

What Happened

• Andrew J. Kim, Chief Financial Officer & Treasurer, reported a disposition of 3,000 limited liability company units of TCW Direct Lending VIII LLC on 2026-04-01. The reported price was $100.00 per unit for a total reported value of $300,000.
• Per the filing’s footnote, the 3,000 units were tendered and accepted in the issuer’s exchange offer; upon settlement the reporting person received 15,000 limited liability company units of TCW Specialty Lending LLC in exchange and the tendered TCW Direct Lending VIII units were subsequently canceled. The Form 4 records the transaction under code J (other acquisition or disposition).

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (timely filing).
• Reported consideration: $100.00 per unit; aggregate reported value $300,000.
• Transaction code: J — other acquisition or disposition (exchange offer in this case).
• Shares/units owned after transaction: Not specified in the excerpt provided in this summary.
• Footnote: 3,000 DL VIII units were exchanged for 15,000 TCW Specialty Lending LLC units; the DL VIII units were canceled upon settlement.

Context

• This was not a straightforward open-market sale for cash but an exchange offer: the reporting person surrendered units of one entity and received units of another. Such transactions change the form of ownership but are not a simple market sale that necessarily signals a change in insider sentiment.
• No indication in the filing of tax-withholding, 10b5-1 plan, or late filing; the report appears timely based on the provided dates.