First Trust Enhanced Private Credit Fund·4

Jul 7, 8:45 PM ET

PECK MICHAEL D 4

4 · First Trust Enhanced Private Credit Fund · Filed Jul 7, 2026

Research Summary

AI-generated summary of this filing

Updated

FTECX President Michael D. Peck Buys Shares

What Happened

  • Michael D. Peck, President of First Trust Enhanced Private Credit Fund (FTECX), reported purchases of fund shares. The largest was an open-market purchase of 159,234.61 shares on 2026-07-02 at $9.42 per share for $1,499,990. In addition he acquired small lots via dividend reinvestment on 2026-04-30, 2026-05-29 and 2026-06-30. Combined, the transactions total about 159,588.16 shares for roughly $1,503,348.
  • These were purchases (acquisitions), which investors often view as a more informative signal than sales, but do not by themselves indicate future performance or insider intent.

Key Details

  • Primary open-market purchase: 2026-07-02 — 159,234.61 shares @ $9.42 = $1,499,990 (code P = purchase).
  • Dividend reinvestments (code J = other acquisition): 2026-04-30 — 126.78 sh @ $9.54 = $1,209; 2026-05-29 — 111.72 sh @ $9.54 = $1,066 and 0.92 sh @ $9.54 = $9; 2026-06-30 — 113.19 sh @ $9.41 = $1,065 and 0.94 sh @ $9.41 = $9.
  • Total acquired across all entries: ~159,588.16 shares for ~$1.50M.
  • Footnotes: F1 = dividend reinvestment; F2 = Peck disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Filing: Form filed 2026-07-07 reporting transactions through 2026-07-02. (Form 4s are normally due within 2 business days of a transaction; this filing date is several days after the July 2 purchase — check the EDGAR filing for any timeliness notes.)

Context

  • The bulk of the reported dollar value was an open-market purchase (~$1.5M). The smaller entries are routine dividend reinvestments (common for fund insiders and shareholders).
  • Footnote F2 indicates Peck limits claimed beneficial ownership to his financial interest only, which is typical in pooled investment structures.

Insider Transaction Report

Form 4
Period: 2026-04-30
Transactions
  • Purchase

    CLASS I COMMON SHARES

    2026-07-02$9.42/sh+159,234.61$1,499,990159,234.61 total
  • Other

    CLASS I COMMON SHARES

    [F1][F2]
    2026-04-30$9.54/sh+126.78$1,2095,363.83 total(indirect: By LLC)
  • Other

    CLASS I COMMON SHARES

    [F1][F2]
    2026-05-29$9.54/sh+111.72$1,0665,475.55 total(indirect: By LLC)
  • Other

    CLASS I COMMON SHARES

    [F1][F2]
    2026-06-30$9.41/sh+113.19$1,0655,588.74 total(indirect: By LLC)
  • Other

    CLASS A COMMON SHARES

    [F1][F2]
    2026-05-29$9.54/sh+0.92$9105.52 total(indirect: By Trust)
  • Other

    CLASS A COMMON SHARES

    [F1][F2]
    2026-06-30$9.41/sh+0.94$9106.46 total(indirect: By Trust)
Footnotes (2)
  • [F1]DIVIDEND REINVESTMENT
  • [F2]MR. PECK DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SECURITIES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN.
Signature
MARC BASSEWITZ|2026-07-07

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT