Swell Michael 4

What Happened

• Michael Swell, a director of TCW Private Asset Income Fund, made two purchases of the fund’s shares. On 2025-10-22 he acquired 1,523.554 shares at $10.03 each (about $15,281). On 2026-01-15 he acquired 1,294.331 shares at $10.01 each (about $12,956). These were reported on a Form 4 filed 2026-02-11.
• These were purchases (Transaction code P). Purchases by insiders are often viewed by investors as a positive signal, though they do not guarantee future performance.

Key Details

• Transaction dates and prices:
  • 2025-10-22: 1,523.554 shares @ $10.03 — $15,281
  • 2026-01-15: 1,294.331 shares @ $10.01 — $12,956
• Total acquired: 2,817.885 shares for approximately $28,237.
• Shares owned after transaction: not specified in the provided filing.
• Filing: Form 4 filed on 2026-02-11 (Accession 0001803506-26-000002).
• Timeliness: Both trades were reported well after the typical two-business-day Form 4 deadline; the filing appears late. No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the details provided.

Context

• Insider status: Swell is a director (not indicated as a 10% owner or executive in the data provided), so these are director purchases rather than large majority-owner transactions.
• Size context: The total dollar amount (~$28k) is modest relative to many insider trades; while purchases can be informative, the small size and late reporting limit how strongly investors should interpret this as a directional signal.