Sullivan Patrick Thomas 4

What Happened Patrick Thomas, a director of 26North BDC, Inc., was reported on a Form 4 to have acquired 504.07 shares on 2026-06-24. The reported transaction is coded as an award/grant/other acquisition (A) at $24.80 per share, with a total reported value of $12,501. This is an acquisition (not a sale) and appears to reflect a company-directed award or capital drawdown rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-24; Filing date: 2026-06-26 (appears filed within the typical two-business-day Form 4 window).
• Price: $24.80 per share; Shares acquired: 504.07; Total reported value: $12,501.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Transaction type: Code "A" — grant/award/other acquisition (not an option exercise or market sale).
• Notable footnotes:
  • F1: The acquisition is tied to the remaining uncalled portion of the reporting person’s aggregate capital commitment; future draws will be made at the company’s discretion in exchange for shares at then-current net asset value.
  • F2: Includes shares received under the company’s dividend reinvestment plan as of the filing date.

Context This transaction reflects an internal award or capital commitment drawdown and the inclusion of reinvested dividends, which is different from an open-market buy or sale. Such grants or capital-drawdown issuances are common for directors and may not signal the same market sentiment as an outright personal purchase or sale. The filing appears timely based on the reported dates.