Flemma Saverio M 4

What Happened
Director Saverio Flemma (Flemma Saverio M) acquired 10,000 limited liability company units of TCW Specialty Lending LLC on April 1, 2026. The units are reported at $20.00 each, for a total reported value of $200,000. The transaction is coded as an "other acquisition" (code J), reflecting an exchange rather than an open‑market cash purchase.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-03.
• Units acquired: 10,000 TCW Specialty Lending LLC units at $20.00 per unit; total value $200,000.
• Shares owned after transaction: Not specified in the reported Form 4.
• Footnote: The 10,000 units were received upon settlement of an exchange offer; the reporting person tendered and exchanged 2,000 limited liability company units of TCW Direct Lending VIII LLC in connection with the exchange.
• Filing timeliness: Form 4 was filed two days after the transaction date and appears timely under standard reporting rules.

Context
Transaction code J denotes a non‑standard acquisition/disposition (here, an exchange). This was an exchange offer settlement — Flemma exchanged units of TCW Direct Lending VIII LLC and received TCW Specialty Lending LLC units — not a cash market purchase or option exercise. Such exchanges can reflect corporate restructurings or offer mechanics and should be interpreted as an acquisition of units rather than an ordinary open‑market buy.