Form 4: Cliffwater Corporate Lending Fund Director Stephen Lane Nesbitt Reports Acquisition of Class I Shares

Director and Officer Stephen Lane Nesbitt reports the acquisition of 2,000,046.948 Class I Shares of Cliffwater Corporate Lending Fund at $10.65 per share on May 7, 2025, increasing his indirect beneficial ownership.

Summary

• On May 7, 2025, Stephen Lane Nesbitt, a Director and Officer (President/Interested Trustee) of Cliffwater Corporate Lending Fund, acquired 2,000,046.948 Class I Shares.
• The shares were purchased at a price of $10.65 per share.
• This transaction increased Nesbitt's indirect beneficial ownership to 9,387,613.072 Class I Shares, held through JN and BN 2023 Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of share acquisition by a company insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company directors and officers, which can provide insights into their confidence in the company's prospects.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• It may influence investor perception of the company based on the insider's actions.

Key Dates

Keywords

Beneficial Ownership, Form 4, Insider Trading, Cliffwater Corporate Lending Fund, CCLFX, Stephen Lane Nesbitt, Class I Shares, Acquisition