Chicago Atlantic BDC (LIEN) Co-CIO Gordon Scott Buys Stock

What Happened

• Gordon Scott, Co‑Chief Investment Officer and Director of Chicago Atlantic BDC, acquired a total of 44,084 shares of the company's common stock in three purchase transactions (code P) executed Aug 17–19, 2026. The reported purchases: 18,300 shares at a weighted‑avg $9.54 ($174,582), 17,584 shares at a weighted‑avg $9.54 ($167,751), and 8,200 shares at $9.57 (~$78,474), totaling about $420,807. These were purchases (buying stock), which many investors view as a more informative signal than routine sales.

Key Details

• Transaction dates and reported prices:
  • 2026-08-17: 18,300 shares @ weighted‑avg $9.54 (range reported 9.53–9.55) — ~$174,582. (Footnote F1)
  • 2026-08-18: 17,584 shares @ weighted‑avg $9.54 (range reported 9.50–9.59) — ~$167,751. (Footnote F2)
  • 2026-08-19: 8,200 shares @ $9.57 — ~$78,474.
• Total: 44,084 shares purchased for approximately $420,807.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • Weighted‑average prices reflect multiple trades during each date; detailed breakdown available on request to the issuer, holders, or SEC (F1, F2).
  • The filing notes Mr. Scott may be deemed an indirect owner of shares held by Chicago Atlantic BDC Advisers, LLC but disclaims beneficial ownership except to the extent of any pecuniary interest (F3).
• Filing/timeliness: Reported on Form 4 filed Aug 19, 2026 covering transactions through Aug 19, 2026 — appears to have been filed promptly.

Context

• Code P indicates purchase (open‑market or private purchase). Purchases by company insiders are often watched by retail investors as a potential signal of confidence, but they do not prove future performance.
• No options exercises, gifts, or tax‑withholding events are reported in this filing.