PM Alpha DAC 4

What Happened
PM Alpha DAC (reported as a 10% owner) purchased 144,744.094 shares of AB Private Lending Fund (AB-Lend) on 2025-11-03 at $25.29 per share, a total transaction value of $3,661,041. The filing reports the acquisition as an open market or private purchase (transaction code P). As a purchase, this is generally viewed as a more informative (potentially bullish) signal than a routine sale, though no motive is stated.

Key Details

• Transaction date: 2025-11-03 — Price: $25.29 per share — Shares acquired: 144,744.094 — Total value: $3,661,041.
• Transaction type: P = Purchase (open market or private purchase as reported).
• Insider role: PM Alpha DAC — reported as a 10% beneficial owner (institutional holder, not an executive).
• Shares owned after transaction: Not specified in the information provided.
• Filing date / timeliness: Form filed 2026-04-27 (period of report 2025-11-03) — this filing was late (marked L); late filings reduce timely transparency for investors.
• No 10b5-1 plan, tax-withholding, or other footnotes disclosed in the provided filing.

Context
10% owners are typically institutional or large stakeholders; their purchases reflect allocation decisions rather than day-to-day insider compensation activity. Form 4s are normally required within two business days of the transaction, so the months-long delay here means the market and investors lacked prompt disclosure of this purchase.