Bicknell Martin C 4

What Happened Martin C. Bicknell, a reported 10% owner of Palmer Square Capital BDC, Inc. (PSBD), purchased a total of 80,000 common shares in two reported open-market buys: 40,000 shares on 2026-07-01 at a weighted average price of $10.57 ($422,800) and 40,000 shares on 2026-07-02 at a weighted average price of $10.55 ($422,000), for aggregate consideration of $844,800. These were reported as purchases (transaction code "P").

Key Details

• Transaction dates and prices:
  • 07/01/2026 — 40,000 shares @ weighted avg $10.57 (price range reported: $10.47–$10.77). (Footnote F2)
  • 07/02/2026 — 40,000 shares @ weighted avg $10.55 (price range reported: $10.52–$10.55). (Footnote F3)
• Total reported consideration: $844,800.
• Ownership after transaction: The Form 4 includes lines reflecting previously reported indirect holdings (see F4, F5); the exact total beneficial ownership figure is not included in the excerpt provided here.
• Notable footnotes:
  • F1: Bicknell is sole member of MCHC, LLC and may be deemed to beneficially own shares held by that entity.
  • F4–F5: Bicknell controls other entities (1248 Holdings, LLC and entities owning BFFV, LLC) whose holdings are reflected to show total beneficial ownership.
  • F2–F3: Reported prices are weighted averages; purchases were executed at multiple prices within the stated ranges. The reporting person will provide detailed per-price quantities upon request.
• Filing timeliness: Report covers transactions on 07/01–07/02/2026 and was filed 07/02/2026 — appears timely.

Context

• These were open-market purchases by a 10% owner (an investor with large, indirect stakes), not an option exercise or award. Purchases by significant owners are often of interest to retail investors as they represent direct acquisitions of shares, though the filing itself does not state the buyer’s motivations.