Crescent Capital holder sells 265,490 shares

A ten percent owner associated with CCAP disclosed pre-planned open-market sales totaling 265,490 common shares over two days at prices just above $10 per share.

Rhea-AI Filing Summary

Crescent Capital BDC, Inc. (CCAP) reported that major stockholder Fidelity & Guaranty Life Insurance Company, a ten percent owner, filed a Form 4 for open-market sales of CCAP common stock executed under a Rule 10b5-1 trading plan. On September 8, 2026, an affiliated entity sold 126,436 shares at a volume weighted average price of $10.3322 in multiple trades within a $10.285–$10.45 range. On September 9, 2026, it sold a further 139,054 shares at a volume weighted average price of $10.2288 across trades in a $10.18–$10.28 range. The shares are held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the reporting person.

Insider Trade Summary 10b5-1

Net Seller: 265,490 shares

Net Sell 2 txns

Insider FIDELITY & GUARANTY LIFE INSURANCE CO

Role 10% Owner

Sold 265,490 shs ($2.73M)

Type	Security	Shares	Price	Value
Sale	Common Stock F3, F2	139,054	$10.2288	$1.42M
Sale	Common Stock F1, F2	126,436	$10.3322	$1.31M

Holdings After Transaction: Common Stock — 3,680,307 shares (Direct)

Footnotes (3)

1. F1. The shares were sold in multiple transactions at prices ranging from $10.285 to $10.45 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
2. F2. Represents shares of common stock held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the Reporting Person.
3. F3. The shares were sold in multiple transactions at prices ranging from $10.18 to $10.28 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold September 8, 2026: 126,436 shares VWAP price September 8, 2026: $10.3322 per share Price range September 8, 2026: $10.285–$10.45 per share +4 more

7 metrics

Shares sold September 8, 2026 126,436 shares Open-market sale of CCAP common stock by affiliated holder

VWAP price September 8, 2026 $10.3322 per share Volume weighted average price across trades from $10.285 to $10.45

Price range September 8, 2026 $10.285–$10.45 per share Individual trade prices for that day’s sale

Shares sold September 9, 2026 139,054 shares Open-market sale of CCAP common stock by affiliated holder

VWAP price September 9, 2026 $10.2288 per share Volume weighted average price across trades from $10.18 to $10.28

Price range September 9, 2026 $10.18–$10.28 per share Individual trade prices for that day’s sale

Total shares sold 265,490 shares Combined sales over September 8–9, 2026 as summarized in the filing data

Key Terms

volume weighted average price, wholly owned subsidiary, ten percent owner

3 terms

volume weighted average price financial

"The price reported reflects the volume weighted average price for the transactions."

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

wholly owned subsidiary financial

"Represents shares of common stock held by ... a wholly owned subsidiary of the Reporting Person."

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

ten percent owner regulatory

"The reporting person is identified as a ten percent owner of the issuer."

FAQ

What insider activity did CCAP disclose in this Form 4?

The filing reports that a ten percent owner associated with CCAP sold 265,490 shares of Crescent Capital BDC, Inc. common stock in open-market transactions over two days in September 2026 under a Rule 10b5-1 trading plan.

How many CCAP shares were sold on September 8, 2026 and at what prices?

On September 8, 2026, an affiliated entity sold 126,436 CCAP shares at a $10.3322 volume weighted average price, with individual trades executed at prices ranging from $10.285 to $10.45 per share.

How many CCAP shares were sold on September 9, 2026 and at what prices?

On September 9, 2026, an affiliated entity sold 139,054 CCAP shares at a $10.2288 volume weighted average price, with trades occurring between $10.18 and $10.28 per share.

Who is the reporting person in this CCAP Form 4 and how are the shares held?

The reporting person is Fidelity & Guaranty Life Insurance Company, a ten percent owner. The reported CCAP shares are held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the reporting person.

Were the CCAP insider sales made under a Rule 10b5-1 trading plan?

Yes. The Form 4 indicates that the reported transactions were executed under a Rule 10b5-1 trading plan, meaning they were pre-arranged in accordance with SEC rules rather than timed at the insider’s discretion.

What total number of CCAP shares were sold in this Form 4 filing?

Across both days, the affiliated holder sold a total of 265,490 CCAP common shares, combining 126,436 shares sold on September 8, 2026 and 139,054 shares sold on September 9, 2026.

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Available on EDGAR 09/09/2026 - 06:08 PM Accepted by SEC EDGAR 09/09/2026 - 06:08 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

X

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

X

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^*

FIDELITY & GUARANTY LIFE INSURANCE CO

(Last) (First) (Middle)

801 GRAND AVENUE, SUITE 2600

(Street)

DES MOINES IOWA 50309

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Crescent Capital BDC, Inc. [ CCAP ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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

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

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

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	09/08/2026		S		126,436	D	$10.3322(1)	3,819,361(2)	D
Common Stock	09/09/2026		S		139,054	D	$10.2288(3)	3,680,307(2)	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. The shares were sold in multiple transactions at prices ranging from $10.285 to $10.45 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

2. Represents shares of common stock held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the Reporting Person.

3. The shares were sold in multiple transactions at prices ranging from $10.18 to $10.28 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

	Tessa Cantonwine, Secretary	09/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)