Nielson Brandon R. 4

What Happened Brandon R. Nielson, a director of Keystone Private Income Fund, reported a purchase of 50,999.592 shares on June 1, 2026 at a price of $98.04 per share, for an aggregate value of $5,000,000. The transaction is reported as a purchase (code P), representing an outright acquisition rather than a sale or option exercise.

Key Details

• Transaction date and price: June 1, 2026 — 50,999.592 shares at $98.04/share (total $5,000,000). Pricing used NAV as of June 1, 2026 (see footnote).
• Filing date: June 17, 2026 — the Form 4 was filed 16 days after the transaction date (appears late relative to the usual 2-business-day reporting requirement).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: Subscription dated June 1, 2026 used NAV-per-share pricing as of June 1; NAV was finalized on June 16, 2026.
  • F2: The reported amount includes 4,071.312 Class Z shares acquired under the issuer’s dividend reinvestment plan from March 14, 2026 through the report date.
  • F3: Mr. Nielson disclaims beneficial ownership of shares held by Beachrock Holdings, LLC and River Heights Holdings, LLC, except to the extent of his pecuniary interest.
• Transaction type: Reported as an open market or private purchase (P).

Context Purchases by insiders are often watched by investors as a potential sign of confidence, though filings do not state motivation. Note the NAV pricing detail (F1) — the subscription used the June 1 NAV but that NAV was finalized on June 16, which helps explain timing of the reported price. Also note the late filing; late Form 4s reduce the promptness of public disclosure and are typically corrected by the filer.