Earl John 4

What Happened Earl John, President of Keystone Private Income Fund, reported a purchase (code P) of 20,399.837 shares on June 1, 2026 at $98.04 per share, for a total reported value of $2,000,000. The transaction is recorded as an open market or private purchase/subscription.

Key Details

• Transaction date: June 1, 2026; reported by Form 4 filed June 17, 2026 (filing appears late relative to the 2-business-day SEC reporting rule).
• Price and value: 20,399.837 shares × $98.04 = $2,000,000.
• Shares owned after transaction: Not expressly stated in the provided summary of the Form 4.
• Notable footnotes:
  • F1: Subscription dated June 1, 2026 used NAV per share pricing as of June 1; the NAV was finalized on June 16, 2026.
  • F2: Mr. Earl 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 notes Class Z shares acquired via the issuer’s dividend reinvestment plan from April 18, 2026 through the report date (2,361.826; 131.64; and 309.567 shares, respectively — totaling 2,803.033 shares included in reported holdings).
• Timeliness: The Form 4 was filed June 17 for a June 1 purchase — outside the typical 2-business-day window. Late filings reduce the immediacy of the disclosure and can draw SEC attention or amendments.

Context

• This was a straight purchase/subscription of fund shares (not an option exercise or gift). Purchases by insiders are often watched by investors as a signal of confidence, but the filing itself does not state motivation.
• The NAV for the subscription was finalized after the trade date (June 16), which is common for some fund subscription systems; the reported price reflects the NAV per the filing.