Kayne Anderson BDC: Ventus buys 146,755 shares

The reported post-purchase position was 766,716 shares for Ventus Capital, LLC; a separate indirect holding entry lists 1,738,174 shares.

Rhea-AI Filing Summary

Kayne Anderson BDC, Inc. (KBDC) director James L. Robo reported a September 28, 2026 purchase of 146,755 common shares by Ventus Capital, LLC at $13.0330 per share. Robo is the LLC’s manager and KBDC’s board chairman. Ventus Capital, LLC held 766,716 shares following the purchase; a separate indirect holding entry lists 1,738,174 shares for Ventus Capital KABDC, LLC. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 146,755 shares

Net Buy 2 txns

Insider ROBO JAMES L

Role Director

Bought 146,755 shs ($1.91M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	146,755	$13.033	$1.91M
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 766,716 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: 146,755 shares Purchase price: $13.0330 per share Shares held following purchase: 766,716 shares +1 more

4 metrics

Common shares purchased 146,755 shares Ventus Capital, LLC purchase on September 28, 2026

Purchase price $13.0330 per share Ventus Capital, LLC purchase on September 28, 2026

Shares held following purchase 766,716 shares Ventus Capital, LLC

Indirect shareholding 1,738,174 shares Ventus Capital KABDC, LLC

Key Terms

Indirect ownership, Rule 10b5-1 plan

2 terms

Indirect ownership financial

"Ventus Capital, LLC"

Rule 10b5-1 plan regulatory

"Rule 10b5-1 plan"

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 Ventus Capital, LLC buy?

Ventus Capital, LLC purchased 146,755 KBDC common shares at $13.0330 per share on September 28, 2026. James L. Robo, a KBDC director and board chairman, is the LLC’s manager; no Rule 10b5-1 plan is reported.

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

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Available on EDGAR 09/30/2026 - 04:09 PM Accepted by SEC EDGAR 09/30/2026 - 04:08 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)
09/28/2026

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	09/28/2026		P		146,755	A	$13.033	766,716	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	09/30/2026
	** 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)