[Form 4] Portman Ridge Finance Corp Insider Trading Activity

Rhea-AI Filing Summary

Patrick Schafer, who is listed as a Director and Chief Investment Officer of the issuer, reported an open-market purchase of 809 shares of Common Stock of BCP Investment Corp (BCIC) on 09/19/2025 at a price of $12.3338 per share. After the transaction, the filing reports beneficial ownership of 13,114.598 shares, held directly and noted as joint tenancy with Katherine Schafer. The Form 4 was signed by Patrick Schafer on 09/22/2025. The filing indicates the transaction code P (purchase) and identifies the reporting person as filing individually.

Positive

• Insider purchase reported: 809 shares acquired at $12.3338, showing insider buying activity
• Transparent ownership disclosure: Beneficial ownership reported as 13,114.598 shares with joint-tenancy noted

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer and director purchased 809 shares at $12.3338, modestly increasing direct beneficial ownership to 13,114.598 shares.

This Form 4 discloses a small open-market purchase by a senior insider, indicating continued personal investment but not a material shift in ownership. The transaction code "P" confirms an acquisition rather than exercise of derivative rights. The filing shows direct ownership and a joint tenancy disclosure, which is relevant for calculating voting and economic interest. For investors, this is a routine insider buy without additional context on intent or size relative to total outstanding shares.

Corporate Governance Expert

TL;DR: Director/CIO reported a routine purchase and joint ownership disclosure; no governance changes or departures noted.

The Form 4 provides clear, compliant disclosure of a purchase by an insider who serves as both director and chief investment officer. The joint-tenancy note with Katherine Schafer clarifies beneficial ownership structure. There are no indications of leadership change, related-party transactions beyond joint ownership, or amendments to prior disclosures. This appears to be a standard disclosure under Section 16 rather than a governance event.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Schafer Patrick

(Last) (First) (Middle)

650 MADISON AVENUE

3RD FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BCP Investment Corp [ BCIC ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

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	09/19/2025		P		809	A	$12.3338	13,114.598	D(1)

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:

1. Patrick Schafer and Katherine Schafer, JT TEN

	/s/ Patrick Schafer	09/22/2025
	** 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 transaction did Patrick Schafer report on the Form 4?

He reported a purchase of 809 shares of BCP Investment Corp common stock on 09/19/2025 at $12.3338 per share.

What is Patrick Schafer's role at the issuer according to the filing?

He is listed as a Director and Chief Investment Officer of BCP Investment Corp.

How many shares does the filing report Patrick Schafer beneficially owns after the transaction?

13,114.598 shares of common stock, held directly and noted as joint tenancy with Katherine Schafer.

When was the Form 4 signed by the reporting person?

Signed by Patrick Schafer on 09/22/2025.

What transaction code is used on this Form 4 and what does it indicate?

Transaction code P is used, indicating a purchase of securities.