[Form 4] Goldman Sachs BDC, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Chi Alex, an officer of Goldman Sachs BDC, Inc. (GSBD), filed a Form 4 reporting that they no longer serve as Co-Chief Executive Officer and Co-President effective at the close of business on August 7, 2025. The form, signed by attorney-in-fact Edward Meehan on August 11, 2025, contains no non-derivative or derivative securities transactions in the included tables.

Positive

• Timely disclosure of an officer role change, including effective date and filing signature
• No securities transactions reported, so there is no evidence in this filing of insider selling pressure

Negative

• Officer departure: the reporting person no longer serves as Co-Chief Executive Officer and Co-President effective August 7, 2025
• Limited detail: Tables I and II contain no transaction entries, providing no information on changes in beneficial ownership

Insights

Corporate Governance Expert

TL;DR: Officer role change disclosed; filing shows no trades and provides limited context.

The Form 4 documents a change in officer status for a named reporting person of Goldman Sachs BDC, Inc. and includes an explanation that the reporting person ceased serving as Co-Chief Executive Officer and Co-President effective August 7, 2025. The filing contains empty Table I and Table II entries, so no securities acquisitions or dispositions are reported. Because no rationale or transaction detail is provided, the filing is transparent about the status change but gives limited information for assessing governance or ownership implications.

Securities Analyst

TL;DR: Insider filing shows officer departure with no reported trades, limiting direct market impact from this document alone.

The document confirms the reporting person is an officer and lists the effective date of the role change as August 7, 2025. The signature by an attorney-in-fact on August 11, 2025 finalizes the filing. Because the form does not list any non-derivative or derivative transactions, there is no immediate evidence here of insider buying or selling activity to evaluate for portfolio impact. Further disclosure would be required to assess any ownership changes or market implications.

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

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X

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^*

Chi Alex

(Last) (First) (Middle)

200 WEST STREET

(Street)

NEW YORK NY 10282

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Goldman Sachs BDC, Inc. [ GSBD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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

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:

Effective at the close of business on August 7, 2025, the reporting person no longer serves as Co-Chief Executive Officer and Co-President of Goldman Sachs BDC, Inc.

	/s/ Edward Meehan, Attorney-in-fact	08/11/2025
	** 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 does the GSBD Form 4 filed by Chi Alex report?

The filing states that Chi Alex no longer serves as Co-Chief Executive Officer and Co-President of Goldman Sachs BDC, Inc., effective August 7, 2025.

Were any securities acquired or disposed of in this Form 4 for GSBD?

No. The Form 4's Table I and Table II contain no reported non-derivative or derivative transactions.

When was the Form 4 signed and by whom?

The form was signed by Edward Meehan, Attorney-in-fact on August 11, 2025.

What is the reporting person's relationship to GSBD?

The form identifies the reporting person as an Officer of Goldman Sachs BDC, Inc.

Does the filing explain why the officer no longer serves in the role?

No. The filing's remarks state the effective change in role but provide no explanation or additional context.