PECK MICHAEL D 4
4 · First Trust Enhanced Private Credit Fund · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
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
PECK MICHAEL D
President
Transactions
- Purchase
CLASS I COMMON SHARES
2026-07-02$9.42/sh+159,234.61$1,499,990→ 159,234.61 total - Other
CLASS I COMMON SHARES
[F1][F2]2026-04-30$9.54/sh+126.78$1,209→ 5,363.83 total(indirect: By LLC) - Other
CLASS I COMMON SHARES
[F1][F2]2026-05-29$9.54/sh+111.72$1,066→ 5,475.55 total(indirect: By LLC) - Other
CLASS I COMMON SHARES
[F1][F2]2026-06-30$9.41/sh+113.19$1,065→ 5,588.74 total(indirect: By LLC) - Other
CLASS A COMMON SHARES
[F1][F2]2026-05-29$9.54/sh+0.92$9→ 105.52 total(indirect: By Trust) - Other
CLASS A COMMON SHARES
[F1][F2]2026-06-30$9.41/sh+0.94$9→ 106.46 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