Form 4: Chicago Atlantic BDC Co-CIO Scott Gordon Reports In-Kind Distribution of Shares
SEC Form 4 Filing
Scott Gordon, Co-Chief Investment Officer of Chicago Atlantic BDC, reports an in-kind distribution of common stock to a limited partner of Silver Spike Holdings, LP.
Summary
- Scott Gordon, Co-Chief Investment Officer of Chicago Atlantic BDC, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates an in-kind distribution of shares of Common Stock to a limited partner of Silver Spike Holdings, LP for no consideration.
- Silver Spike Holdings, LP owns over 25% of the ownership interests of Chicago Atlantic BDC Advisers, LLC.
- Gordon directly or indirectly may be deemed the indirect beneficial owner of shares owned by Chicago Atlantic BDC Advisers, LLC, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
- The transaction date was May 19, 2025.
- Following the transaction, Gordon directly owns 35,024 shares of Common Stock.
- Chicago Atlantic BDC Advisers, LLC directly owns 214,286 shares of Common Stock.
- Chicago Atlantic BDC Advisers, LLC indirectly owns 3,601,490 shares of Common Stock.
- Chicago Atlantic BDC Advisers, LLC directly owns 714,286 shares of Common Stock.
- Chicago Atlantic BDC Advisers, LLC indirectly owns 2,887,204 shares of Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Management Comments
- Mr. Gordon disclaims beneficial ownership of the shares of Common Stock owned by Chicago Atlantic BDC Advisers, LLC except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Industry Context
Form 4 filings are a routine part of compliance for individuals with significant holdings in publicly traded companies, providing transparency into their transactions.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of the in-kind distribution transaction. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, beneficial ownership, Scott Gordon, Chicago Atlantic BDC, LIEN, in-kind distribution, Silver Spike Holdings, Chicago Atlantic BDC Advisers, common stock
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