Chicago Atlantic BDC director buys 9,215 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Chicago Atlantic BDC, Inc. (LIEN) reported that director and Co-Chief Investment Officer Scott Gordon purchased a total of 9,215 shares of Common Stock in open-market transactions on August 20, 21 and 24, 2026, at prices ranging from $9.70 to $10.11 per share based on weighted-average prices. The filing also lists 2,887,204 shares of Common Stock held indirectly through Chicago Atlantic BDC Advisers, LLC, for which Mr. Gordon may be deemed an indirect beneficial owner, while he disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
Net Buyer: 9,215 shares
Net Buy
4 txns
Insider
Gordon Scott
Role
Co-Chief Investment Officer
Bought
9,215 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F2 | 1,520 | $10.1094 | $15K |
| Purchase | Common Stock | 195 | $9.95 | $2K |
| Purchase | Common Stock F1 | 7,500 | $9.7045 | $73K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 88,323 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 $9.70 to $9.72 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 $10.10 to $10.11 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
Shares purchased on 2026-08-20: 7,500 shares
Price on 2026-08-20: $9.7045 per share
Shares purchased on 2026-08-21: 195 shares
+5 more
8 metrics
Shares purchased on 2026-08-20
7,500 shares
Open-market purchase of Common Stock at weighted-average price
Price on 2026-08-20
$9.7045 per share
Weighted-average purchase price; trades ranged from $9.70 to $9.72
Shares purchased on 2026-08-21
195 shares
Open-market purchase of Common Stock
Price on 2026-08-21
$9.95 per share
Open-market purchase price for 195 shares
Shares purchased on 2026-08-24
1,520 shares
Open-market purchase of Common Stock at weighted-average price
Price on 2026-08-24
$10.1094 per share
Weighted-average purchase price; trades ranged from $10.10 to $10.11
Total shares purchased
9,215 shares
Sum of reported open-market purchases on August 20–24, 2026
Indirectly held shares
2,887,204 shares
Common Stock held indirectly through Chicago Atlantic BDC Advisers, LLC
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 therein"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LIEN report for Scott Gordon on this Form 4?
The Form 4 reports that Scott Gordon, a director and Co-Chief Investment Officer of LIEN, purchased a total of 9,215 shares of Common Stock in three open-market transactions on August 20, 21 and 24, 2026.
What indirect holdings of LIEN stock are associated with Scott Gordon?
The filing reports 2,887,204 shares of LIEN Common Stock held indirectly through Chicago Atlantic BDC Advisers, LLC. Scott Gordon may be deemed an indirect beneficial owner for Section 16 purposes but disclaims beneficial ownership except for his pecuniary interest.
Were Scott Gordon’s LIEN trades reported as part of a Rule 10b5-1 trading plan?
The Form 4 does not state that these trades were made pursuant to a Rule 10b5-1 trading plan. The footnotes describe pricing details and indirect ownership but do not reference any trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
