Chicago Atlantic BDC (LIEN) director adds 44K shares around $9.5
Rhea-AI Filing Summary
Chicago Atlantic BDC, Inc. (ticker LIEN) reported that director and Co-Chief Investment Officer Gordon Scott purchased a total of 44,084 shares of Common Stock in open-market transactions on August 17–19, 2026 at prices around $9.53–$9.57 per share, with some prices disclosed as weighted averages over intraday ranges. The filing also reports 2,887,204 shares of Common Stock held indirectly through Chicago Atlantic BDC Advisers, LLC, for which Mr. Scott may be deemed an indirect beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 44,084 shares
Net Buy
4 txns
Insider
Gordon Scott
Role
Co-Chief Investment Officer
Bought
44,084 shs ($421K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 8,200 | $9.57 | $78K |
| Purchase | Common Stock F2 | 17,584 | $9.54 | $168K |
| Purchase | Common Stock F1 | 18,300 | $9.54 | $175K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 79,108 shares (Direct);
Common Stock — 2,887,204 shares (Indirect, Chicago Atlantic BDC Advisers, LLC)
Footnotes (3)
- F1. The price reported reflects the weighted-average purchase price from several discrete transactions executed throughout the Transaction Date at prices that ranged from $9.53 to $9.55 per share. Upon request, the Reporting Person has agreed to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission full information regarding the number of shares purchased at each price within the range set forth in this footnote.
- F2. The price reported reflects the weighted-average purchase price from several discrete transactions executed throughout the Transaction Date at prices that ranged from $9.50 to $9.59 per share. Upon request, the Reporting Person has agreed to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission full information regarding the number of shares purchased at each price within the range set forth in this footnote.
- F3. Scott Gordon directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares of Common Stock owned by Chicago Atlantic BDC Advisers, LLC. Mr. Gordon disclaims beneficial ownership of the shares of Common Stock owned by Chicago Atlantic BDC Advisers, LLC except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Total shares purchased: 44,084 shares
Purchase on 2026-08-17: 18,300 shares at $9.54 per share
Purchase on 2026-08-18: 17,584 shares at $9.54 per share
+2 more
5 metrics
Total shares purchased
44,084 shares
Open-market Common Stock purchases by Gordon Scott on August 17–19, 2026
Purchase on 2026-08-17
18,300 shares at $9.54 per share
Weighted-average price with trades between $9.53 and $9.55 per share
Purchase on 2026-08-18
17,584 shares at $9.54 per share
Weighted-average price with trades between $9.50 and $9.59 per share
Purchase on 2026-08-19
8,200 shares at $9.57 per share
Open-market purchase of Common Stock
Indirectly held shares
2,887,204 shares
Common Stock owned by Chicago Atlantic BDC Advisers, LLC, attributed indirectly to Gordon Scott with a beneficial ownership disclaimer
Key Terms
weighted-average purchase price, indirect beneficial owner, pecuniary interest, Section 16 of the Securities Exchange Act of 1934
4 terms
weighted-average purchase price financial
"The price reported reflects the weighted-average purchase price from several discrete"
indirect beneficial owner regulatory
"may be deemed for purposes of Section 16 ... to be the indirect beneficial owner"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transactions did Gordon Scott report for LIEN on this Form 4?
Gordon Scott reported purchasing 44,084 shares of Chicago Atlantic BDC, Inc. (LIEN) Common Stock in open-market transactions on August 17–19, 2026. The trades were reported at prices around the mid‑$9 range per share.
What does the Form 4 say about Gordon Scott’s indirect holdings in LIEN?
The Form 4 reports 2,887,204 LIEN shares of Common Stock held indirectly through Chicago Atlantic BDC Advisers, LLC. Scott may be deemed an indirect beneficial owner but disclaims beneficial ownership except for his pecuniary interest.
Why are some LIEN trade prices reported as weighted-average on this Form 4?
For two dates, the price is a weighted-average purchase price across multiple trades in a range (e.g., $9.53–$9.55). The footnotes state Scott will provide exact per-trade prices upon request to the issuer, its holders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
