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  4. [Form 3] Palmer Square Capital BDC Inc. Initial Statement of Beneficial Ownership

Large PSBD holder Martin C. Bicknell details indirect stakes in Palmer Square Capital BDC (PSBD)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Palmer Square Capital BDC Inc. insider Martin C. Bicknell filed an initial Form 3 reporting his beneficial ownership of the company’s common stock as a ten percent owner. The filing shows only existing holdings, not new purchases or sales.

The shares are held indirectly through three LLCs. MCHC, LLC holds 185,000 shares of common stock, BFFV, LLC holds 1,391,817 shares, and 1248 Holdings, LLC holds 1,562,896 shares. Footnotes state Mr. Bicknell controls or manages these entities and may be deemed to beneficially own the shares they hold.

Positive

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Negative

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Insider Bicknell Martin C
Role 10% Owner
Type Security Shares Price Value
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,562,896 shares (Indirect, By 1248 Holdings, LLC)
Footnotes (1)
  1. Mr. Bicknell controls 1248 Holdings, LLC and may be deemed to beneficially own, indirectly, the shares held by 1248 Holdings, LLC. Mr. Bicknell is the Elected Manager of each of the entities that collectively own all of the outstanding membership interests of BFFV, LLC and may be deemed to beneficially own, indirectly, the shares held by BFFV, LLC. Mr. Bicknell is the sole member of MCHC, LLC and may be deemed to beneficially own, indirectly, the shares held by MCHC, LLC.
MCHC, LLC holdings 185,000 shares Common Stock held indirectly by MCHC, LLC
BFFV, LLC holdings 1,391,817 shares Common Stock held indirectly by BFFV, LLC
1248 Holdings, LLC holdings 1,562,896 shares Common Stock held indirectly by 1248 Holdings, LLC
Holding entries 3 entries Form 3 common stock holding records
Net buy/sell direction neutral No reported insider purchases or sales
ten percent owner regulatory
"the company’s common stock as a ten percent owner"
beneficially own, indirectly financial
"may be deemed to beneficially own, indirectly, the shares held"
indirect ownership financial
"The shares are held indirectly through three LLCs."
Form 3 regulatory
"filed an initial Form 3 reporting his beneficial ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

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

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FAQ

What does Martin C. Bicknell’s Form 3 for PSBD report?
The Form 3 reports Martin C. Bicknell’s initial beneficial ownership of Palmer Square Capital BDC common stock as a ten percent owner. It lists only existing indirect holdings through three LLCs, with no new purchases, sales, or derivative positions disclosed.

How many PSBD shares does MCHC, LLC hold for Martin C. Bicknell?
MCHC, LLC holds 185,000 shares of Palmer Square Capital BDC common stock for Martin C. Bicknell. The filing notes he is the sole member of MCHC, LLC and may be deemed to beneficially own, indirectly, the shares that entity holds.

What PSBD stake is reported through BFFV, LLC on the Form 3?
BFFV, LLC holds 1,391,817 shares of Palmer Square Capital BDC common stock. The Form 3 explains Mr. Bicknell is the elected manager of entities owning BFFV, LLC and may be deemed to beneficially own, indirectly, the shares held by BFFV, LLC.

What holdings in PSBD are reported for 1248 Holdings, LLC?
1248 Holdings, LLC holds 1,562,896 shares of Palmer Square Capital BDC common stock. The filing states Mr. Bicknell controls 1248 Holdings, LLC and may be deemed to beneficially own, indirectly, the shares that this entity holds for him.

Does the PSBD Form 3 show any recent insider buying or selling?
The Form 3 does not show recent buying or selling activity. It is an initial ownership report listing indirect common stock holdings through three LLCs, with transaction entries marked as holdings and no shares reported as bought, sold, or transferred.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Bicknell Martin C
(Last)(First)(Middle)
4622 PENNSYLVANIA AVE
SUITE 600
(Street)
KANSAS CITY MISSOURI 64112
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
05/27/2026		3. Issuer Name and Ticker or Trading Symbol
Palmer Square Capital BDC Inc. [ PSBD ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock1,562,896IBy 1248 Holdings, LLC(1)
Common Stock1,391,817IBy BFFV, LLC(2)
Common Stock185,000IBy MCHC, LLC(3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Mr. Bicknell controls 1248 Holdings, LLC and may be deemed to beneficially own, indirectly, the shares held by 1248 Holdings, LLC.
2. Mr. Bicknell is the Elected Manager of each of the entities that collectively own all of the outstanding membership interests of BFFV, LLC and may be deemed to beneficially own, indirectly, the shares held by BFFV, LLC.
3. Mr. Bicknell is the sole member of MCHC, LLC and may be deemed to beneficially own, indirectly, the shares held by MCHC, LLC.
/s/ Martin C. Bicknell06/29/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR