Bicknell Martin C 4
4 · Palmer Square Capital BDC Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Palmer Square (PSBD) 10% Owner Martin Bicknell Purchases Shares
What Happened Martin C. Bicknell, reported as a 10% owner of Palmer Square Capital BDC Inc. (PSBD), made open‑market/private purchases (transaction code P) of company stock: 40,000 shares on 2026-07-06 at a weighted average price of $10.56 ($422,400) and 21,484 shares on 2026-07-07 at a weighted average price of $10.47 ($224,937). Combined, he acquired 61,484 shares for approximately $647,337. These were purchases (a bullish signal in that the insider bought shares, though motivation is not stated).
Key Details
- Transaction dates and prices:
- 07/06/2026: 40,000 shares at weighted average $10.56 (range $10.50–$10.69) — $422,400 (F2).
- 07/07/2026: 21,484 shares at weighted average $10.47 (range $10.44–$10.48) — $224,937 (F3).
- Transaction type: P = Purchase (open market or private purchase as reported).
- Shares owned after transaction: Not specified on this Form 4. Footnotes indicate additional indirect holdings (see below) and the filing includes lines to reflect total beneficial ownership following these transactions (but does not state a single total number in the provided data).
- Notable footnotes:
- F1: Bicknell is sole member of MCHC, LLC and may be deemed to beneficially own shares held by that entity.
- F4/F5: He controls 1248 Holdings, LLC and entities that own BFFV, LLC; those indirect holdings are included to reflect total beneficial ownership.
- F2/F3: The reported prices are weighted averages; the filing gives the price ranges and offers to provide per‑price purchase counts on request.
- Filing timeliness: Reported on 2026-07-07 for transactions on 07/06 and 07/07; this appears to be filed promptly (Form 4s are due within two business days).
Context As a 10% owner rather than a company officer, Bicknell is a major shareholder; purchases by significant owners can be noteworthy but do not indicate insider views with certainty. The filing is purely transactional—no options, awards, or gifts were reported. The weighted‑average pricing and footnotes mean the purchases were executed in multiple trades at slightly varying prices.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-07-06$10.56/sh+40,000$422,400→ 351,988 total(indirect: By LLC) - Purchase
Common Stock
[F1][F3]2026-07-07$10.47/sh+21,484$224,937→ 373,472 total(indirect: By LLC)
- 1,562,896(indirect: By LLC)
Common Stock
[F4] - 1,391,817(indirect: By LLC)
Common Stock
[F5]
Footnotes (5)
- [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 07/06/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.50 to $10.69, 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 07/07/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.44 to $10.48, 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]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.
- [F5]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.