Kayne Anderson BDC insider entity buys more shares

Kayne Anderson BDC, Inc. director James L. Robo reported additional open-market purchases of the company’s common stock through an affiliated entity.

Rhea-AI Filing Summary

Kayne Anderson BDC, Inc. director James L. Robo reported additional open-market purchases of the company’s common stock through an affiliated entity. On May 28, 2025, Ventus Capital KABDC, LLC acquired 43,020 shares and a further 121,686 shares at $15.84 per share in private transactions.

All holdings are reported as indirect, reflecting ownership through Ventus Capital KABDC, LLC, where Robo is manager and also serves as Chairman of Kayne Anderson BDC’s board. Following these trades, indirect holdings rose to about 1,738,174.763 shares. This amended Form 4 corrects an earlier filing that had omitted the larger block of 121,686 shares.

Insider Trade Summary

Net Buyer: 164,706 shares

Net Buy 2 txns

Insider ROBO JAMES L

Role Director

Bought 164,706 shs ($2.61M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	43,020	$15.84	$681K
Purchase	Common Stock	121,686	$15.84	$1.93M

Holdings After Transaction: Common Stock — 1,738,174.763 shares (Indirect, Ventus Capital KABDC, LLC)

Footnotes (2)

1. F1. Shares purchased in a private transaction from Albert Rabil, an interested Director of KBDC. The Reporting Person in this filing is the Manager of Ventus Capital KABDC, LLC and is the Chairman of the Board of Directors of KBDC.
2. F2. The original Form 4 filing on 5/30/2025 mistakenly omitted the purchase of the 121,686 shares, and only listed the purchase of the 43,020 shares. We are filing this amended Form 4 to correct this omission.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Kayne Anderson BDC (KBDC) report in this Form 4/A?

The filing reports two open-market purchases of Kayne Anderson BDC common stock on May 28, 2025, totaling 164,706 shares, all at $15.84 per share, by Ventus Capital KABDC, LLC, an entity managed by Director and Chairman James L. Robo.

Who actually purchased Kayne Anderson BDC (KBDC) shares in this amended Form 4?

The purchases were made by Ventus Capital KABDC, LLC, which holds the shares indirectly for reporting purposes. James L. Robo is the manager of this entity and serves as Chairman of the Board of Kayne Anderson BDC, linking the insider to the transactions.

How many Kayne Anderson BDC (KBDC) shares were bought and at what price?

Ventus Capital KABDC, LLC bought 43,020 Kayne Anderson BDC common shares and an additional 121,686 shares, both at a price of $15.84 per share. These transactions significantly increased the reporting person’s indirect ownership position in the company.

Why was this Kayne Anderson BDC (KBDC) Form 4 amended?

The amendment corrects an earlier Form 4 that only reported the purchase of 43,020 shares. The original filing mistakenly omitted a second transaction for 121,686 shares, and this Form 4/A adds that missing purchase to accurately reflect total insider buying.

From whom were the Kayne Anderson BDC (KBDC) shares acquired in this filing?

According to the footnotes, Ventus Capital KABDC, LLC purchased the Kayne Anderson BDC shares in a private transaction from Albert Rabil, an interested Director of KBDC. This means the trades occurred directly between related insiders rather than in the open market.

What is James L. Robo’s total indirect holding in Kayne Anderson BDC (KBDC) after these trades?

After the May 28, 2025 purchases, indirect holdings reported for Ventus Capital KABDC, LLC reached 1,738,174.763 Kayne Anderson BDC common shares. This figure reflects the updated position following both reported transactions in the amended Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/27/2026 - 08:11 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

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^*

ROBO JAMES L

(Last) (First) (Middle)

C/O KAYNE ANDERSON BDC, INC.

717 TEXAS AVENUE, 22ND FLOOR

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Kayne Anderson BDC, Inc. [ KBDC ]

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)
05/28/2025

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)
05/30/2025

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	05/28/2025		P(1)		43,020	A	$15.84	1,616,488.763	I	Ventus Capital KABDC, LLC
Common Stock	05/28/2025		P(1)(2)		121,686	A	$15.84	1,738,174.763	I	Ventus Capital KABDC, LLC

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. Shares purchased in a private transaction from Albert Rabil, an interested Director of KBDC. The Reporting Person in this filing is the Manager of Ventus Capital KABDC, LLC and is the Chairman of the Board of Directors of KBDC.

2. The original Form 4 filing on 5/30/2025 mistakenly omitted the purchase of the 121,686 shares, and only listed the purchase of the 43,020 shares. We are filing this amended Form 4 to correct this omission.

	/s/ James L. Robo	03/27/2026
	** 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)