Form 4: Golub Capital BDC Director William Webster IV Reports Acquisition of Shares Following Merger

Director William Webster IV reports acquiring shares of Golub Capital BDC, Inc. following a merger, with indirect ownership through GEMS Fund 4, L.P. and a trust.

Summary

• William Webster IV, a director of Golub Capital BDC, Inc. (GBDC), reported changes in beneficial ownership of the company's common stock on June 5, 2024.
• The transactions occurred on June 3, 2024, following the merger agreement between GBDC and Golub Capital BDC 3, Inc. (GBDC 3).
• Webster acquired 32,542 shares of GBDC common stock indirectly through an investment in GEMS Fund 4, L.P.
• He also acquired 114,867 shares of GBDC common stock indirectly through a trust.
• These acquisitions were in exchange for 35,612 and 125,703 shares of GBDC 3 common stock, respectively, as per the merger agreement.
• The market price of GBDC common stock at the close of trading on May 31, 2024, was $16.57.

Sentiment

Score: 5

Explanation: This is a routine filing related to a merger, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors regarding the trading activities of directors and officers.

Stakeholder Impact

• The acquisition of shares by a director may signal confidence in the company's future prospects to shareholders.

Key Dates