McGovern, Brendan 4
4 · 26North BDC, Inc. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
26North BDC CEO Brendan McGovern Receives Award of 20,163 Shares
What Happened Brendan McGovern, President, CEO and director of 26North BDC, acquired 20,162.92 shares of the company's common stock on June 24, 2026 at $24.80 per share, a total value of $500,040. The transaction is coded "A" (grant/award or other acquisition), representing an acquisition of shares rather than a sale.
Key Details
- Transaction date and price: 2026-06-24 at $24.80 per share.
- Shares acquired and value: 20,162.92 shares for $500,040.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Report filed 2026-06-26 (timely with the Form 4 reporting window).
- Notable footnotes: Securities are directly held by BMM Income Fund LLC, for which Mr. McGovern exercises voting and investment control; the reporting persons disclaim beneficial ownership except to the extent of pecuniary interest. The filing notes remaining uncalled capital commitments may be drawn down for additional shares at NAV and that the total includes shares received under a dividend reinvestment plan.
Context
- The shares are held through an LLC vehicle (BMM Income Fund LLC) controlled by Mr. McGovern, so this reflects an acquisition via that entity rather than a direct, sole personal transfer. The filing’s disclaimer means reported ownership is to the extent of his economic interest.
- This was an acquisition (a purchase/award), which retail investors often view as more informative than routine sales; however, filings do not state the insider’s motives.
Insider Transaction Report
Form 4
McGovern, Brendan
DirectorPresident and CEO
Transactions
- Award
Common Stock
[F1]2026-06-24$24.80/sh+20,162.92$500,040→ 159,363.95 total(indirect: See footnote)
Holdings
- 49.23(indirect: By Spouse)
Common Stock
[F2] - 49.23(indirect: By Children)
Common Stock
[F2] - 49.23(indirect: By Children)
Common Stock
[F2]
Footnotes (2)
- [F1]The reported securities are directly held by BMM Income Fund LLC, for which voting and investment control are exercised by Mr. McGovern. The remaining uncalled portion of the Reporting Persons' aggregate capital commitment to 26North BDC, Inc. (the "Company") will be drawn down over time at the discretion of the Company in exchange for additional shares of the Company's common stock at their then-current net asset value. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and the filing of this statement shall not be deemed an admission that such Reporting Persons are, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of the reported securities.
- [F2]Includes shares of the Company's common stock received pursuant to a dividend reinvestment plan as of the date of this filing.