Cliffwater (CCLFX) Director Matthew Worley Buys $300K of Shares

What Happened

• Matthew Eugene Worley, a director of Cliffwater Corporate Lending Fund (CCLFX), reported an acquisition on April 1, 2026. He purchased 28,462.998 shares at $10.54 per share, for a total reported cost of $300,000. The Form 4 lists the transaction as a purchase (code P — open-market or private purchase).

Key Details

• Transaction date: 2026-04-01; Price: $10.54 per share; Shares acquired: 28,462.998; Total value: $300,000.
• Filing date: 2026-04-02 (filed timely the day after the transaction).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes/plan disclosures: None reported (no 10b5-1 plan, tax withholding, or other special notes listed).

Context

• This was a straight purchase of shares (not an option exercise, gift, or award). Insider purchases can be informative to investors but do not guarantee future stock performance.