Director John G. Nestor sells 6,055 Carlyle Secured Lending (CGBD) shares

Rhea-AI Filing Summary

Carlyle Secured Lending director John G. Nestor reported selling Common Stock in multiple open-market transactions. On 2026-05-15, entities associated with him sold a total of 6,055 shares at prices around $11.22 per share.

Indirectly held shares were sold by two trusts: one trust sold 885 shares at $11.22, leaving 4,630.5 shares, and another trust sold 1,720 shares at $11.215, leaving 8,104 shares. He also sold 3,450 directly held shares at $11.2201, leaving 4,364 directly owned shares.

Insider Trade Summary

Net Seller: 6,055 shares ($67,929)

Net Sell 3 txns

Insider Nestor John G.

Role null

Sold 6,055 shs ($68K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,450	$11.2201	$39K
Sale	Common Stock	1,720	$11.215	$19K
Sale	Common Stock	885	$11.22	$10K

Holdings After Transaction: Common Stock — 4,364 shares (Direct, null); Common Stock — 8,104 shares (Indirect, By trust (#3))

Footnotes (1)

Key Figures

Total shares sold: 6,055 shares Sale price (trust #2): $11.22 per share Sale price (trust #3): $11.215 per share +4 more

7 metrics

Total shares sold 6,055 shares Net shares sold on 2026-05-15

Sale price (trust #2) $11.22 per share 885 shares sold by trust #2

Sale price (trust #3) $11.215 per share 1,720 shares sold by trust #3

Sale price (direct) $11.2201 per share 3,450 directly held shares sold

Direct shares after sale 4,364 shares Direct ownership after 3,450-share sale

Trust #2 shares after sale 4,630.5 shares Indirect ownership by trust #2 after 885-share sale

Trust #3 shares after sale 8,104 shares Indirect ownership by trust #3 after 1,720-share sale

Key Terms

open-market sale, Common Stock, indirect ownership, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale" for Common Stock transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: "Common Stock" in each reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership: "By trust (#2)""

Form 4 regulatory

"INSIDER FILING DATA (Form 4): JSON heading for this insider report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

Nestor John G.

(Last) (First) (Middle)

C/O CARLYLE GLOBAL CREDIT INVESTMENT

MANAGEMENT, ONE VANDERBILT AVE. STE 3400

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Carlyle Secured Lending, Inc. [ CGBD ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		S		3,450	D	$11.2201	4,364	D
Common Stock	05/15/2026		S		1,720	D	$11.215	8,104	I	By trust (#3)
Common Stock	05/15/2026		S		885	D	$11.22	4,630.5	I	By trust (#2)

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:

Remarks:

	/s/ Joshua Lefkowitz, attorney-in-fact	05/20/2026
	** 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)

FAQ

What did Carlyle Secured Lending (CGBD) director John G. Nestor report in this Form 4?

He reported open-market sales of Common Stock totaling 6,055 shares on 2026-05-15, split across direct holdings and two trusts. These transactions reduced, but did not eliminate, his direct and indirect ownership positions in Carlyle Secured Lending.

How many Carlyle Secured Lending (CGBD) shares did John G. Nestor sell?

He sold 6,055 shares of Common Stock in total. This included 3,450 directly held shares and 2,605 shares held indirectly through two separate trusts, according to the reported transactions for 2026-05-15.

At what prices were the CGBD shares sold in John G. Nestor’s Form 4 filing?

Shares were sold in open-market transactions around $11.22 per share. Reported prices were $11.22, $11.215, and $11.2201 for different trades, reflecting small variations in execution prices on the same trading date.

How many Carlyle Secured Lending (CGBD) shares does John G. Nestor hold after these sales?

After the sales, he holds 4,364 shares directly. Indirectly, one trust holds 4,630.5 shares and another trust holds 8,104 shares, as reported in the post-transaction ownership columns of the Form 4 filing.

Were any of John G. Nestor’s CGBD transactions option exercises or derivatives?

No. The reported trades were non-derivative Common Stock sales coded as “S” for open-market or private transaction sales. The derivative summary section shows no remaining derivative positions or option exercises associated with this particular Form 4 filing.