McGovern, Brendan 4

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.