Bicknell Martin C 4
4 · Palmer Square Capital BDC Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Palmer Square (PSBD) 10% Owner Martin Bicknell Buys Shares
What Happened
Martin C. Bicknell, a reported 10% owner of Palmer Square Capital BDC Inc. (PSBD), made three open‑market purchases of common stock between May 29 and June 8, 2026. He acquired 15,000 shares on 2026-05-29 at a reported weighted-average $10.87 ($163,050), 30,000 shares on 2026-06-05 at a reported weighted-average $10.79 ($323,700), and 1,988 shares on 2026-06-08 at a reported weighted-average $10.80 ($21,470) — a total of 46,988 shares for approximately $508,220. These transactions are purchases (reporting code "P").
Key Details
- Transaction dates & reported prices:
- 2026-05-29: 15,000 shares @ $10.87 (weighted avg; underlying trades ranged $10.79–$10.91).
- 2026-06-05: 30,000 shares @ $10.79 (weighted avg; underlying trades ranged $10.765–$10.84).
- 2026-06-08: 1,988 shares @ $10.80 (weighted avg; underlying trades ranged $10.765–$10.80).
- Total acquired: 46,988 shares for ~$508,220.
- Beneficial ownership: filing notes Bicknell may be deemed to beneficially own additional shares indirectly through MCHC, LLC, 1248 Holdings, LLC and entities controlling BFFV, LLC; the filing includes lines to reflect total beneficial ownership — see the SEC filing for the post‑transaction total.
- Footnotes: price entries on each purchase are weighted averages with specified per‑trade ranges; the reporting person offers to supply breakdowns on request.
- Filing/timeliness: Form 4 was filed 2026-06-30 covering transactions from 2026-05-29 to 2026-06-08; this filing appears to be late relative to the usual two-business‑day Form 4 deadline.
Context
- These were straight open‑market purchases by a 10% owner (large shareholder), not an option exercise or award. Purchases by large shareholders can be informative to investors, but they reflect the activity of an investor with indirect holdings through affiliated entities rather than routine executive compensation transactions.
- No 10b5‑1 trading plan, gift, sale, or derivative transactions are indicated in the reported items.
Insider Transaction Report
Form 4
Bicknell Martin C
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2]2026-05-29$10.87/sh+15,000$163,050→ 200,000 total(indirect: By LLC) - Purchase
Common Stock
[F1][F3]2026-06-05$10.79/sh+30,000$323,700→ 230,000 total(indirect: By LLC) - Purchase
Common Stock
[F1][F4]2026-06-08$10.80/sh+1,988$21,470→ 231,988 total(indirect: By LLC)
Holdings
- 1,562,896(indirect: By LLC)
Common Stock
[F5] - 1,391,817(indirect: By LLC)
Common Stock
[F6]
Footnotes (6)
- [F1]Mr. Bicknell is the sole member of MCHC, LLC and may be deemed to beneficially own, indirectly, the shares held by MCHC, LLC.
- [F2]The price reported in Column 4 for the 5/29/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7900 to $10.9100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 for the 6/5/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7650 to $10.8400, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 for the 6/8/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7650 to $10.8000, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F5]Mr. Bicknell controls 1248 Holdings, LLC and may be deemed to beneficially own, indirectly, the shares held by 1248 Holdings, LLC. This line reflects securities previously reported as indirectly beneficially owned by the reporting person and is included solely to reflect the reporting person's total beneficial ownership following the transactions reported herein.
- [F6]Mr. Bicknell is the Elected Manager of each of the entities that collectively own all of the outstanding membership interests of BFFV, LLC and may be deemed to beneficially own, indirectly, the shares held by BFFV, LLC. This line reflects securities previously reported as indirectly beneficially owned by the reporting person and is included solely to reflect the reporting person's total beneficial ownership following the transactions reported herein.
Signature
/s/ Martin C. Bicknell|2026-06-30