GOLUB CAPITAL BDC (GBDC) CEO David Golub Sells Shares

What Happened

• David Golub, Chairman & CEO and a director of GOLUB CAPITAL BDC, Inc. (GBDC), sold 1,676,387 shares of GBDC common stock on August 7, 2026 at $13.06 per share. The reported proceeds total approximately $21,893,614. This was a sale (disposition), not a purchase.

Key Details

• Transaction date and price: 2026-08-07 — sale at $13.06 per share (open market or private sale; transaction code S).
• Reported proceeds: ~$21,893,614.
• Filing date vs transaction date: Form 4 filed 2026-08-11 (4 days after the transaction). SEC Rule 16b-3/Section 16 generally requires reporting within two business days, so this filing appears to be later than the usual two-business-day window; check the full Form 4 for any explanation or flags.
• Shares owned after transaction: Not specified in the excerpt provided — see the full Form 4 for total post-transaction holdings.
• Notable footnotes from the filing:
  • F1: Mr. Golub may be viewed as having investment power over shares held by GEMS Fund 4, L.P., though voting rights were passed to limited partners; he disclaims beneficial ownership except to the extent of any pecuniary interest.
  • F2 & F3: Some reported shares are directly owned by CDGPE, LLC and CDGQ, LLC and are held for the benefit of Mr. Golub’s family trust.

Context

• Sales by executives can be routine (liquidity needs, diversification, trust distributions, entity-level transactions) and do not necessarily indicate a change in view on the company. Purchases generally attract more attention as potential bullish signals. For full context, review recent filings and Mr. Golub’s historical trading pattern, plus the full Form 4 for any explanatory remarks or relationships between the selling entities and Mr. Golub.