Nuveen Churchill (NCDL) CEO buys 10,000 shares via trust

Rhea-AI Filing Summary

Nuveen Churchill Direct Lending Corp. CEO & President Kenneth J. Kencel reported an open-market purchase of 10,000 shares of common stock on March 3, 2026 at an average price of $13.0384 per share. The shares are held indirectly through a trust, which held 58,117 shares after the trade.

The filing also shows additional indirect common stock holdings as of March 3, 2026, including 38,117 shares held by his spouse and 26,824 shares held in a joint account.

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

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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^*

Kencel Kenneth J.

(Last) (First) (Middle)

375 PARK AVENUE, 9TH FLOOR

(Street)

NEW YORK NY 10152

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nuveen Churchill Direct Lending Corp. [ NCDL ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/03/2026	03/03/2026	P		10,000	A	$13.0384	58,117	I	By Trust
Common Stock								38,117	I	By Spouse
Common Stock								26,824	I	Joint Account

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:

Remarks:

kencel.txt

	John McCally/signed under POA	03/05/2026
	** 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.

FAQ

What insider transaction did NCDL CEO Kenneth Kencel report?

Kenneth J. Kencel reported buying 10,000 shares of Nuveen Churchill Direct Lending common stock. The open-market purchase occurred on March 3, 2026 and was executed indirectly through a trust, rather than in a personal direct account under his own name.

At what price did the NCDL insider purchase 10,000 shares?

The 10,000 Nuveen Churchill Direct Lending shares were purchased at an average price of $13.0384 per share. This reflects an open-market purchase price and results in a total transaction value of roughly $130,000 based on the reported per‑share consideration.

How many NCDL shares does the trust hold after this transaction?

After the reported purchase, the trust associated with Kenneth J. Kencel held 58,117 Nuveen Churchill Direct Lending common shares. This total reflects the indirect ownership position through the trust as of the March 3, 2026 transaction date disclosed in the filing.

What other indirect NCDL holdings are disclosed for Kenneth Kencel?

In addition to the trust, the filing lists 38,117 Nuveen Churchill Direct Lending shares held indirectly by his spouse and 26,824 shares in a joint account. These figures represent indirect ownership positions as of March 3, 2026, separate from the trust’s reported holdings.

Was the NCDL Form 4 transaction a buy or a sell?

The Form 4 reports a net-buy transaction for Nuveen Churchill Direct Lending shares. Specifically, Kenneth J. Kencel completed an open-market purchase of 10,000 common shares through a trust, with no reported sales or dispositions in the same filing on that date.

What is Kenneth J. Kencel’s role at Nuveen Churchill Direct Lending?

Kenneth J. Kencel is identified as both CEO and President of Nuveen Churchill Direct Lending Corp. His Form 4 filing therefore reflects insider activity by a senior executive officer, reporting indirect ownership across a trust, spouse holdings, and a joint account.