Chicago Atlantic BDC (LIEN) President Bernardino Colonna Buys Stock

What Happened
Bernardino Colonna, President of Chicago Atlantic BDC, made three open‑market purchases of the company's common stock (transaction code P). He acquired 400 shares on 2026‑08‑25 at a weighted‑average price of $10.18 ($4,070), 600 shares on 2026‑08‑26 at a weighted‑average price of $10.16 ($6,094), and 600 shares on 2026‑08‑27 at a weighted‑average price of $10.18 ($6,106). Total purchases: 1,600 shares for $16,270. These were purchases (insider buys), which investors often treat as a potentially positive signal, though the filing does not state a motivation.

Key Details

• Transaction dates and reported prices:
  • 2026‑08‑25: 400 shares at $10.18 (weighted‑avg; prices ranged $10.10–$10.20) — $4,070 (footnote F1)
  • 2026‑08‑26: 600 shares at $10.16 (weighted‑avg; prices ranged $10.15–$10.16) — $6,094 (footnote F2)
  • 2026‑08‑27: 600 shares at $10.18 (weighted‑avg; prices ranged $10.16–$10.18) — $6,106 (footnote F3)
• Total purchased: 1,600 shares for $16,270.
• Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for post‑transaction holdings).
• Footnotes: Each price is a weighted‑average from multiple trades executed that day; the filer has agreed to provide a breakdown of trades/prices on request (see F1–F3).
• Filing timeliness: Form 4 was filed on 2026‑08‑27 for transactions dated 2026‑08‑25 through 2026‑08‑27. The filing appears timely (no late‑filing indication in the provided data).

Context

• Transaction code P = Purchase (open‑market or private purchase). These were straightforward buy transactions, not option exercises, awards, or gifts.
• Purchases by executives can be informative to retail investors but do not guarantee future stock performance; motives (personal investment, reinvestment, plan purchases) are not disclosed in the Form 4 excerpt.
• For full detail (post‑transaction holdings, exact per‑trade prices, or any additional disclosures), consult the complete Form 4 filing (Accession No. 0001193125-26-371636).