Bicknell Buys 61K Palmer Square Capital Shares
Palmer Square Capital BDC Inc. insider activity shows net buying.
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Palmer Square Capital BDC Inc. insider activity shows net buying. Entities associated with 10% owner Martin C. Bicknell, specifically MCHC, LLC, purchased a total of 61,484 shares of Common Stock in open-market transactions.
MCHC, LLC bought 40,000 shares at a weighted average price of $10.56 on July 6, 2026 and 21,484 shares at a weighted average price of $10.47 on July 7, 2026. After these trades, MCHC, LLC held 373,472 shares indirectly for Bicknell, while previously reported indirect holdings also include 1,562,896 shares via 1248 Holdings, LLC and 1,391,817 shares via BFFV, LLC.
Insider Trade Summary
Net Buyer: 61,484 shares
Net Buy
2 txns
Insider
Bicknell Martin C
Role
10% Owner
Bought
61,484 shs ($647K)
Increase in Position
19.7%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 21,484 | $10.47 | $225K |
| Purchase | Common Stock | 40,000 | $10.56 | $422K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 373,472 shares (Indirect, By MCHC, LLC);
Common Stock — 1,562,896 shares (Indirect, By 1248 Holdings,LLC);
Common Stock — 1,391,817 shares (Indirect, By BFFV, LLC)
Holdings Before and After:
Common Stock, 311,988 to 373,472 shares (Indirect, By MCHC, LLC)
Footnotes (5)
- F1. Mr. Bicknell is the sole member of MCHC, LLC and may be deemed to beneficially own, indirectly, the shares held by MCHC, LLC.
- F2. The price reported in Column 4 for the 07/06/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.50 to $10.69, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F3. The price reported in Column 4 for the 07/07/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.44 to $10.48, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F4. Mr. Bicknell controls 1248 Holdings, LLC and may be deemed to beneficially own, indirectly, the shares held by 1248 Holdings, LLC. This line reflects securities previously reported as indirectly beneficially owned by the reporting person and is included solely to reflect the reporting person's total beneficial ownership following the transactions reported herein.
- F5. 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. This line reflects securities previously reported as indirectly beneficially owned by the reporting person and is included solely to reflect the reporting person's total beneficial ownership following the transactions reported herein.
Key Figures
Open-market purchase 07/06/2026: 40,000 shares at $10.56
Open-market purchase 07/07/2026: 21,484 shares at $10.47
Total shares bought: 61,484 shares
+3 more
6 metrics
Open-market purchase 07/06/2026
40,000 shares at $10.56
Common Stock bought indirectly via MCHC, LLC
Open-market purchase 07/07/2026
21,484 shares at $10.47
Common Stock bought indirectly via MCHC, LLC
Total shares bought
61,484 shares
Net common stock purchases reported in this Form 4
Post-trade MCHC, LLC holdings
373,472 shares
Indirectly beneficially owned by Martin C. Bicknell
1248 Holdings, LLC holdings
1,562,896 shares
Previously reported indirect holdings; total as of 07/06/2026
BFFV, LLC holdings
1,391,817 shares
Previously reported indirect holdings; total as of 07/06/2026
Key Terms
open-market purchase, beneficially own, indirectly, weighted average purchase price, indirect ownership, +1 more
5 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially own, indirectly financial
"may be deemed to beneficially own, indirectly, the shares held by MCHC, LLC"
weighted average purchase price financial
"The price reported is a weighted average purchase price for multiple trades"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
indirect ownership financial
"ownership is reported as indirect, with nature of ownership by LLCs"
ten percent owner financial
"the reporting person is identified as a ten percent owner of the issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PSBD disclose for Martin C. Bicknell?
Entities linked to Martin C. Bicknell bought 61,484 PSBD common shares. MCHC, LLC acquired 40,000 shares on July 6, 2026 and 21,484 shares on July 7, 2026 in open-market purchases at weighted average prices around $10.50 per share.
What total indirect PSBD holdings are reported for entities tied to Martin C. Bicknell?
The filing shows 373,472 shares via MCHC, LLC, 1,562,896 shares via 1248 Holdings, LLC, and 1,391,817 shares via BFFV, LLC. All are reported as indirectly beneficially owned by Martin C. Bicknell through his control of, or role in, these entities.
Were the PSBD insider purchases made directly by Martin C. Bicknell?
The common stock purchases were made by MCHC, LLC, not directly by Bicknell. Footnotes state he is the sole member of MCHC, LLC and may be deemed to beneficially own indirectly the shares that MCHC, LLC holds in Palmer Square Capital BDC Inc.
Do the PSBD insider transactions involve any derivatives or stock options?
The reported activity involves only common stock transactions and holdings. The derivative section of the filing is empty, indicating no option, warrant, or other derivative exercises or conversions were disclosed in this particular Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
