MARATHON ASSET MANAGEMENT LP 4

What Happened Marathon Asset Management LP, listed as a 10% owner of John Hancock Marathon Asset-Based Lending Fund (NA), disposed of 49,726.5 shares on 2025-12-31 via a redemption by the issuer. The reported per-share price was $20.11, yielding approximately $1,000,000 in proceeds. This was a disposition (redemption) rather than an open-market sale—an institutional liquidity event, not an executive trade.

Key Details

• Transaction date: 2025-12-31; Price: $20.11 per share; Shares: 49,726.5; Total value: ~$1,000,000.
• Transaction code: J (other acquisition/disposition); footnote clarifies this reflects redemption of Class I shares by the issuer.
• Shares owned after transaction: not specified in the filing.
• Filing date: 2026-02-17 — the Form 4 was filed about 48 days after the transaction date, later than the typical 2-business-day reporting window.

Context

• This filing involves a 10% institutional owner, not a company insider or executive; redemptions are routine ways for funds or shareholders to realize cash and do not necessarily signal a view on the fund’s prospects.
• Because the shares were redeemed by the issuer, this was not a market sale; investors should view it as an institutional liquidity action rather than a directional insider bet.