West Bay BDC — GSAM Holdings LLC (Adviser Affiliate) Receives 46,257 Shares

What Happened
GSAM Holdings LLC, a wholly owned subsidiary of The Goldman Sachs Group, Inc. and an affiliate of West Bay BDC's adviser, was reported as receiving 46,257.431 shares of West Bay BDC on August 6, 2026. The transaction is recorded as an award/grant (code A) at $17.51 per share for a total value of approximately $810,000. This was an acquisition/award rather than a sale.

Key Details

• Transaction date: 2026-08-06; Price: $17.51 per share; Shares: 46,257.431; Total value: ~$810,000.
• Transaction code: A (award/grant/other acquisition).
• Shares owned after the transaction: Not reported in this Form 4.
• Filing date: 2026-08-10 (the Form 4 covers the Aug 6 transaction). If the required reporting window is two business days, this filing is outside that window and would be considered late; the filing does not assert timeliness.
• Remark in filing: GSAM Holdings LLC states it does not concede that it is subject to Section 16 of the Securities Exchange Act in respect of the issuer.

Context
This filing reflects an institutional/affiliate acquisition (an adviser affiliate receiving an award), not an individual officer or director trading. Awards and grants can be part of adviser compensation or other arrangements and do not necessarily signal the trading intent of company insiders. The filer’s reservation about Section 16 applicability means it views itself as potentially not subject to the insider-reporting rules that typically apply to officers, directors, and 10% owners.