Barings BDC (BBDC) director reports same-day buy and sell of common stock

Rhea-AI Filing Summary

Barings BDC, Inc. reported insider trading activity by a director. On 12/09/2025, the reporting person bought and sold shares of Barings BDC common stock. They purchased 6,761 shares at an average price of $8.9697 per share and sold 5,671 shares at an average price of $8.98 per share on the same day.

After these transactions, the director beneficially owned 70,243.35 shares of Barings BDC common stock directly. The filing notes that this total includes shares received through the company’s dividend reinvestment plan, meaning some of the holdings have been accumulated automatically via reinvested dividends rather than open-market purchases.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BYERS STEPHEN R

(Last) (First) (Middle)

C/O BARINGS LLC

300 SOUTH TRYON STREET, SUITE 2500

(Street)

CHARLOTTE NC 28202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Barings BDC, Inc. [ BBDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock ("Shares")	12/09/2025		P		6,761	A	$8.9697	70,243.35(1)	D
Common Stock ("Shares")	12/09/2025		S		5,671	D	$8.98	64,572.35(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares of common stock received pursuant to the Issuer's dividend reinvestment plan.

	Stacy Standridge, as Attorney-in-fact	12/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Barings BDC (BBDC) disclose in this Form 4?

The filing discloses that a Barings BDC director bought 6,761 shares of common stock at $8.9697 per share and sold 5,671 shares at $8.98 per share on 12/09/2025.

How many Barings BDC (BBDC) shares does the director own after the reported trades?

Following the reported transactions, the director beneficially owns 70,243.35 shares of Barings BDC common stock directly.

What type of security was traded in the Barings BDC (BBDC) Form 4?

The transactions involved Barings BDC, Inc. common stock, referred to in the filing as "Shares".

When did the Barings BDC (BBDC) insider transactions occur?

The purchase and sale of Barings BDC common stock reported in this Form 4 both took place on 12/09/2025.

Does the Barings BDC (BBDC) Form 4 mention dividend reinvestment?

Yes. The filing explains that the director’s beneficial ownership includes shares received under Barings BDC’s dividend reinvestment plan.

Is the reporting person a director or officer of Barings BDC (BBDC)?

The filing indicates the reporting person is a director of Barings BDC, Inc. and the Form 4 is filed for one reporting person.