Chicago Atlantic BDC (LIEN) Co-CIO Gordon Scott Buys 134 Shares

What Happened
Gordon Scott, Co-Chief Investment Officer and a director of Chicago Atlantic BDC, purchased 134 shares of the company's common stock on 2026-08-31 at $10.22 per share, for a total cost of $1,369. The transaction is reported as a purchase (code P), which is generally interpreted as an insider acquisition rather than a sale.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (timely Form 4 filing).
• Price and quantity: 134 shares at $10.22 per share; total value $1,369.
• Transaction type: Purchase (open market or private purchase, per filing).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The filing notes that Mr. Scott may be deemed an indirect beneficial owner of shares held by Chicago Atlantic BDC Advisers, LLC, but he disclaims beneficial ownership except to the extent of any pecuniary interest (see footnote F1).
• No 10b5-1 plan, tax withholding, or other special conditions were reported in the excerpt.

Context
This is a small-dollar insider purchase (about $1.4k), which can be informative but is modest in size. The footnote clarifies potential indirect ownership tied to the adviser entity and is a standard disclosure under Section 16; it does not necessarily mean Mr. Scott directly controls those shares.