PSBD major holder adds 46,988 shares in open-market buys
Palmer Square Capital BDC Inc. insider activity centers on indirect open-market buying.
Accepted by SEC EDGAR
Learn about SEC filing dates
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
Palmer Square Capital BDC Inc. insider activity centers on indirect open-market buying. Entities associated with major holder Martin C. Bicknell, notably MCHC, LLC, purchased a total of 46,988 shares of common stock in open-market transactions at prices around $10.79–$10.87 per share.
Following these buys, MCHC, LLC held 231,988 shares indirectly on behalf of Bicknell. Separate lines disclose previously reported indirect holdings of 1,562,896 shares by 1248 Holdings, LLC and 1,391,817 shares by BFFV, LLC, reflecting his total beneficial ownership through multiple controlled entities.
Insider Trade Summary
Net Buyer: 46,988 shares
Net Buy
3 txns
Insider
Bicknell Martin C
Role
10% Owner
Bought
46,988 shs ($508K)
Increase in Position
25.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,988 | $10.80 | $21K |
| Purchase | Common Stock | 30,000 | $10.79 | $324K |
| Purchase | Common Stock | 15,000 | $10.87 | $163K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 231,988 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, 185,000 to 231,988 shares (Indirect, By MCHC, LLC)
Footnotes (6)
- 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 5/29/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7900 to $10.9100, 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 6/5/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7650 to $10.8400, 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. The price reported in Column 4 for the 6/8/2026 transaction is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $10.7650 to $10.8000, 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.
- F5. 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.
- F6. 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
Total shares bought: 46,988 shares
Purchase price 5/29/2026: $10.8700 per share
Purchase price 6/5/2026: $10.7900 per share
+4 more
7 metrics
Total shares bought
46,988 shares
Net open-market purchases reported in this Form 4
Purchase price 5/29/2026
$10.8700 per share
15,000-share open-market purchase by MCHC, LLC
Purchase price 6/5/2026
$10.7900 per share
30,000-share open-market purchase by MCHC, LLC
Purchase price 6/8/2026
$10.8000 per share
1,988-share open-market purchase by MCHC, LLC
MCHC, LLC holdings
231,988 shares
Indirect PSBD common stock held after 6/8/2026 trade
1248 Holdings, LLC holdings
1,562,896 shares
Indirect PSBD common stock beneficially owned as of 5/29/2026
BFFV, LLC holdings
1,391,817 shares
Indirect PSBD common stock beneficially owned as of 5/29/2026
Key Terms
open-market purchase, beneficially own, indirectly, weighted average purchase price, indirectly beneficially owned, +1 more
5 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.
indirectly beneficially owned financial
"securities previously reported as indirectly beneficially owned"
ten percent owner regulatory
"is_ten_percent_owner: 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Martin C. Bicknell report for PSBD?
Martin C. Bicknell reported indirect open-market purchases of PSBD common stock through MCHC, LLC. Across three trades, the entity bought 46,988 shares at prices around $10.79–$10.87 per share, increasing its indirectly beneficially owned position in Palmer Square Capital BDC Inc.
What are Martin C. Bicknell’s indirect PSBD holdings after these transactions?
After the reported purchases, MCHC, LLC held 231,988 PSBD shares indirectly for Martin C. Bicknell. Additional lines show previously reported indirect holdings of 1,562,896 shares via 1248 Holdings, LLC and 1,391,817 shares via BFFV, LLC, reflecting his broader beneficial ownership position.
Were the PSBD purchase prices single trades or weighted averages?
The reported PSBD purchase prices are weighted averages for multiple trades. Footnotes explain that the 5/29, 6/5, and 6/8 transactions were executed in numerous lots within stated price ranges, with full price breakdowns available upon request to the issuer or SEC staff.
Does the PSBD Form 4 show any sales or only insider purchases?
The PSBD Form 4 shows only insider purchases and no sales. Transaction data lists three open-market purchases totaling 46,988 shares of common stock and no dispositions, producing a net-buy direction for Martin C. Bicknell’s indirectly held position through MCHC, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
