Chicago Atlantic BDC (LIEN) insider adds 4,000 shares at $9.60

Rhea-AI Filing Summary

Chicago Atlantic BDC, Inc. (symbol LIEN) reported that officer Umesh Mahajan (Secretary; Co-CIO) purchased 4,000 shares of its common stock on August 17, 2026 at $9.60 per share in an open-market or private transaction. Following this purchase, Mahajan directly holds 6,997 shares of Chicago Atlantic BDC common stock. The filing indicates the Rule 10b5-1 trading-plan checkbox was not selected.

Insider Trade Summary

Net Buyer: 4,000 shares

Net Buy 1 txn

Insider Mahajan Umesh

Role Secretary; Co-CIO

Bought 4,000 shs ($38K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,000	$9.60	$38K

Holdings After Transaction: Common Stock — 6,997 shares (Direct)

Key Figures

Shares purchased: 4,000 shares Purchase price: $9.60 per share Shares owned after transaction: 6,997 shares +1 more

4 metrics

Shares purchased 4,000 shares Common Stock transaction on August 17, 2026

Purchase price $9.60 per share Price for Common Stock purchased on August 17, 2026

Shares owned after transaction 6,997 shares Direct holdings of Umesh Mahajan following the purchase

Net buy shares 4,000 shares Net buying activity reported in this Form 4

Key Terms

Form 4, Rule 10b5-1, open-market or private transaction

3 terms

Form 4 regulatory

"The Form 4 reports his August 17, 2026 open-market or private purchase"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 regulatory

"The filing indicates the Rule 10b5-1 trading-plan checkbox was not selected"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market or private transaction financial

"Purchase in open market or private transaction at $9.60 per share"

FAQ

What insider transaction did LIEN report for Umesh Mahajan?

Chicago Atlantic BDC, Inc. (LIEN) reported that officer Umesh Mahajan purchased 4,000 shares of common stock on August 17, 2026. The shares were acquired in an open-market or private transaction at $9.60 per share, increasing his direct holdings to 6,997 shares.

At what price were the recently purchased LIEN shares acquired?

The reported purchase of LIEN shares was made at $9.60 per share. On August 17, 2026, officer Umesh Mahajan acquired 4,000 shares of Chicago Atlantic BDC common stock in an open-market or private transaction at this price.

How many LIEN shares does Umesh Mahajan own after the latest Form 4 transaction?

After the reported transaction, Umesh Mahajan directly owns 6,997 shares of LIEN common stock. This reflects his August 17, 2026 purchase of 4,000 shares at $9.60 per share, as disclosed in the Form 4 filing.

Was the recent LIEN insider trade made under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 trading-plan checkbox was not selected. This means the August 17, 2026 purchase of 4,000 LIEN shares by officer Umesh Mahajan was not reported as executed under an affirmed Rule 10b5-1 trading plan.

Who is the insider involved in the latest LIEN Form 4 filing and what is his role?

The insider is Umesh Mahajan, who serves as Secretary; Co-CIO of Chicago Atlantic BDC, Inc. The Form 4 reports his August 17, 2026 open-market or private purchase of 4,000 shares of LIEN common stock at $9.60 per share.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 04:05 PM Accepted by SEC EDGAR 08/19/2026 - 04:05 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^*

Mahajan Umesh

(Last) (First) (Middle)

C/O CHICAGO ATLANTIC BDC, INC.

600 MADISON AVENUE, SUITE 1800

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Chicago Atlantic BDC, Inc. [ LIEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Secretary; Co-CIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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	08/17/2026		P		4,000	A	$9.6	6,997	D

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:

	/s/ Umesh Mahajan	08/19/2026
	** 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)