Chicago Atlantic BDC (LIEN) Co-CIO Gordon Scott Buys 7,733 Shares

What Happened
Gordon Scott, Co‑Chief Investment Officer and director of Chicago Atlantic BDC, reported three open‑market purchases totaling 7,733 shares of common stock (LIEN) between Aug 25–27, 2026. Transactions: 250 shares at $10.12 on 2026‑08‑25 ($2,530); 2,483 shares at $10.15 on 2026‑08‑26 ($25,202); and 5,000 shares at a reported $10.19 (weighted average) on 2026‑08‑27 (≈ $50,940). Total cash outlay across the three trades was about $78,672. These were purchases (insider buys), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction dates/prices: 8/25/2026 — 250 @ $10.12; 8/26/2026 — 2,483 @ $10.15; 8/27/2026 — 5,000 @ $10.19 (reported weighted‑avg).
• Total purchased: 7,733 shares for ≈ $78,672.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: (F1) Scott may be deemed an indirect beneficial owner of shares held by Chicago Atlantic BDC Advisers, LLC but disclaims beneficial ownership except to his pecuniary interest; (F2) the $10.19 figure for 8/27 reflects a weighted average of trades at $10.18–$10.19, and the reporting person can provide a per‑price breakdown on request.
• Filing timeliness: Form 4 was filed 2026‑08‑27 and covers transactions from 8/25–8/27; no late filing is indicated (within the usual 2 business‑day reporting window).

Context
These were straightforward open‑market purchases — not option exercises, awards, or gifts — and therefore represent outright insider buying. The filing is factual and does not state any motivation; investors should consider this along with other company and market information when assessing its significance.