Kayne Anderson BDC director buys 400K shares

A director-associated entity of Kayne Anderson BDC, Inc. bought 400,000 KBDC shares in open-market or private transactions without a Rule 10b5-1 trading plan.

Available on EDGAR 09/16/2026 - 05:01 PM EDT Accepted by SEC EDGAR 09/16/2026 - 05:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Kayne Anderson BDC, Inc. (KBDC) director James L. Robo, through entities he manages, reported open-market or private purchases of a total of 400,000 shares of common stock. Ventus Capital, LLC purchased 340,000 shares on September 16, 2026 at $13.038 per share and 60,000 shares on September 14, 2026 at $13.017 per share, all held indirectly. As of September 14, 2026, an affiliated entity, Ventus Capital KABDC, LLC, held 1,738,174 shares of KBDC common stock indirectly. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 400,000 shares

Net Buy 2 txns

Insider ROBO JAMES L

Role Director

Bought 400,000 shs ($5.21M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	340,000	$13.038	$4.43M
Purchase	Common Stock F1	60,000	$13.017	$781K
Holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 400,000 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

Total shares purchased: 400,000 shares Shares purchased on September 16, 2026: 340,000 shares Price on September 16, 2026: $13.038 per share +3 more

6 metrics

Total shares purchased 400,000 shares Common stock of Kayne Anderson BDC, Inc. bought by entities associated with the director

Shares purchased on September 16, 2026 340,000 shares Common stock purchased by Ventus Capital, LLC

Price on September 16, 2026 $13.038 per share Purchase price for 340,000 KBDC shares

Shares purchased on September 14, 2026 60,000 shares Common stock purchased by Ventus Capital, LLC

Price on September 14, 2026 $13.017 per share Purchase price for 60,000 KBDC shares

Indirect holdings as of September 14, 2026 1,738,174 shares KBDC common stock held indirectly through Ventus Capital KABDC, LLC

FAQ

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

What insider buying in KBDC did James L. Robo report on this Form 4?

He reported that entities he manages purchased a total of 400,000 shares of Kayne Anderson BDC, Inc. common stock in open-market or private transactions on September 14 and September 16, 2026.

At what prices were the recent KBDC insider share purchases made?

Ventus Capital, LLC purchased 340,000 shares at $13.038 per share on September 16, 2026 and 60,000 shares at $13.017 per share on September 14, 2026.

How many KBDC shares are indirectly held after these transactions?

As of September 14, 2026, Ventus Capital KABDC, LLC, an entity associated with the reporting person, held 1,738,174 shares of Kayne Anderson BDC, Inc. common stock indirectly.

Were the KBDC insider purchases made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is associated with the reported transactions in Kayne Anderson BDC, Inc. stock.

Are the reported KBDC shares held directly by James L. Robo?

No. The shares are reported as indirectly owned through entities including Ventus Capital, LLC and Ventus Capital KABDC, LLC, for which he serves as Manager or in related roles.

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

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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)
09/14/2026

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	09/14/2026		P		60,000	A	$13.017	60,000	I	Ventus Capital, LLC(1)
Common Stock	09/16/2026		P		340,000	A	$13.038	400,000	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	09/16/2026
	** 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)