Earl John 4

What Happened
Earl John, President of Keystone Private Income Fund, purchased 10,134.792 shares on January 1, 2026 at $98.67 per share for a total of $1,000,000. The filing indicates this was a purchase (acquisition), not a sale.

Key Details

• Transaction date and price: 2026-01-01 — 10,134.792 shares @ $98.67 (total $1,000,000).
• Filing date: Form 4 filed on 2026-01-23 (see note on timeliness below).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Subscription was dated Jan 1, 2026; NAV per share pricing as of Jan 1 was finalized on Jan 21, 2026 (purchase priced by NAV).
  • F2: Mr. John disclaims beneficial ownership of shares held by RWE Investments LLC, Earls Gate Investments LLC, and Earls Gate Investments II, LLC, except to the extent of his pecuniary interest.
  • F3/F4: Filing notes inclusion of 65.281 and 153.512 Class Z shares acquired via the issuer's dividend reinvestment plan from Dec 17, 2025 through the report date.

Context
This appears to be a subscription purchase priced at the fund's NAV (finalized after the subscription date), a routine way fund insiders add to holdings. Purchases can be interpreted as a stronger signal than sales, but filings with NAV-based subscriptions and entity ownership disclaimers can complicate a simple beneficial-ownership read. The Form 4 was filed on Jan 23 for a Jan 1 transaction, which is later than the typical 2-business-day deadline for insider reporting.