Earl John 4

What Happened
Earl John, President of Keystone Private Income Fund, made a purchase on March 1, 2026 of 86,250.634 shares at $98.55 per share, totaling $8,500,000. The filing reports this as a purchase (transaction code P), which is a direct acquisition rather than a sale or option exercise.

Key Details

• Transaction date and price: March 1, 2026 — 86,250.634 shares at $98.55/share (total $8,500,000).
• Filing date: March 13, 2026 (appears late relative to the 2-business-day Form 4 filing requirement for a March 1 trade).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Subscription dated March 1, 2026; NAV per-share pricing was as of March 1 but was finalized on March 12, 2026.
  • 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–F5: The filing includes small additional Class Z shares acquired under the issuer’s dividend reinvestment plan (256.616, 60.496, and 142.264 shares, respectively, accumulated from Feb 21, 2026 through the report date).

Context
Insider purchases are often watched by retail investors as a stronger signal than routine sales, but they do not prove future performance. Note the NAV pricing for this subscription was finalized after the trade date (per F1), and the Form 4 was filed on March 13 for a March 1 transaction, which is later than the usual Form 4 deadline — reducing the timeliness of disclosure.