Kayne Anderson BDC: Ventus buys 105,000 shares

Ventus Capital, LLC held 619,961 shares after the purchase; a September 22, 2026 holding entry lists 1,738,174 shares for Ventus Capital KABDC, LLC.

Rhea-AI Filing Summary

Kayne Anderson BDC, Inc. (KBDC) director James L. Robo reported an indirect purchase by Ventus Capital, LLC of 105,000 common shares at $13.046 per share on September 24, 2026. Ventus Capital, LLC held 619,961 shares following the purchase. Robo is the LLC’s manager and KBDC’s chairman of the board of directors. A separate holding entry lists 1,738,174 shares held indirectly through Ventus Capital KABDC, LLC as of September 22, 2026. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 105,000 shares

Net Buy 2 txns

Insider ROBO JAMES L

Role Director

Bought 105,000 shs ($1.37M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	105,000	$13.046	$1.37M
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 619,961 shares (Indirect, Ventus Capital, LLC); Common Stock — 1,738,174 shares (Indirect, Ventus Capital KABDC, LLC)

Footnotes (1)

1. F1. The Reporting Person is the Manager of Ventus Capital, LLC and Chairman of the Board of Directors of KBDC.

Key Figures

Common shares purchased: 105,000 shares Purchase price: $13.046 per share Shares held after purchase: 619,961 shares +1 more

4 metrics

Common shares purchased 105,000 shares Ventus Capital, LLC; September 24, 2026

Purchase price $13.046 per share September 24, 2026

Shares held after purchase 619,961 shares Ventus Capital, LLC

Indirect shares held 1,738,174 shares Ventus Capital KABDC, LLC; holding entry dated September 22, 2026

Key Terms

indirect ownership, open market or private transaction, Rule 10b5-1 plan

3 terms

indirect ownership financial

"shares held indirectly through Ventus Capital, LLC"

open market or private transaction financial

"Purchase in open market or private transaction"

Rule 10b5-1 plan financial

"No Rule 10b5-1 plan is reported"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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

How many KBDC shares did James L. Robo buy, and at what price?

Ventus Capital, LLC purchased 105,000 KBDC common shares at $13.046 per share on September 24, 2026. The shares were held indirectly, and James L. Robo is the LLC’s manager and chairman of KBDC’s board of directors.

How many KBDC shares did Ventus Capital, LLC hold after the purchase?

Ventus Capital, LLC held 619,961 KBDC shares following the September 24, 2026 purchase.

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

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Available on EDGAR 09/25/2026 - 11:13 AM Accepted by SEC EDGAR 09/25/2026 - 11:12 AM 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)
09/22/2026

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	09/24/2026		P		105,000	A	$13.046	619,961	I	Ventus Capital, LLC(1)
Common Stock								1,738,174	I	Ventus Capital KABDC, LLC(1)

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 Reporting Person is the Manager of Ventus Capital, LLC and Chairman of the Board of Directors of KBDC.

	/s/ James Robo	09/25/2026
	** 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)