Palmer Square BDC insider buys 80K PSBD shares
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: Martin C. Bicknell, a ten percent owner, reported that MCHC, LLC, of which he is the sole member, bought 40,000 shares of common stock on July 1, 2026 at a weighted average price of $10.57 and another 40,000 shares on July 2, 2026 at a weighted average price of $10.55 in open-market purchases. Following these trades, MCHC, LLC held 311,988 shares. The filing also shows Bicknell’s indirect beneficial ownership of 1,562,896 shares through 1248 Holdings, LLC and 1,391,817 shares through BFFV, LLC, which were previously reported and are restated here to present his total beneficial ownership after these purchases.
Insider Trade Summary
Net Buyer: 80,000 shares
Net Buy
2 txns
Insider
Bicknell Martin C
Role
10% Owner
Bought
80,000 shs ($845K)
Increase in Position
34.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 40,000 | $10.55 | $422K |
| Purchase | Common Stock | 40,000 | $10.57 | $423K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 311,988 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, 231,988 to 311,988 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 07/01/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.47 to $10.77, 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 07/02/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.52 to $10.55, 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
Shares purchased July 1, 2026: 40,000 shares at $10.57
Shares purchased July 2, 2026: 40,000 shares at $10.55
Total shares bought in filing: 80,000 shares
+3 more
6 metrics
Shares purchased July 1, 2026
40,000 shares at $10.57
Open-market purchase of common stock
Shares purchased July 2, 2026
40,000 shares at $10.55
Open-market purchase of common stock
Total shares bought in filing
80,000 shares
Net-buy across two open-market purchases
MCHC, LLC holdings after trades
311,988 shares
Indirectly beneficially owned via MCHC, LLC
1248 Holdings, LLC indirect stake
1,562,896 shares
Previously reported indirect beneficial ownership
BFFV, LLC indirect stake
1,391,817 shares
Previously reported indirect beneficial ownership
Key Terms
open-market purchase, beneficially own, indirectly, weighted average purchase price, ten percent owner
4 terms
open-market purchase financial
"transaction_action: open-market purchase"
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"
weighted average purchase price financial
"The price reported ... is a weighted average purchase price."
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.
ten percent owner financial
"is_ten_percent_owner: 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Martin C. Bicknell report for PSBD?
Martin C. Bicknell reported two open-market purchases of Palmer Square Capital BDC common stock through MCHC, LLC. He bought 40,000 shares on July 1, 2026 at $10.57 and 40,000 shares on July 2, 2026 at $10.55, totaling 80,000 shares.
What other indirect PSBD holdings are associated with Martin C. Bicknell?
The Form 4 shows indirect beneficial ownership through two additional entities. 1248 Holdings, LLC holds 1,562,896 shares, and BFFV, LLC holds 1,391,817 shares. These amounts were previously reported and are restated to show total beneficial ownership after the new purchases.
Were the PSBD insider trades made in the open market?
Yes. Both transactions are coded as open-market or private purchases, and the Form 4 describes them as purchases in the open market or private transactions, with prices given as weighted averages over multiple individual trades within the stated price ranges.
AI-generated analysis. How Rhea-AI works. Not financial advice.
