Insider Trading April 6, 2026

Goldman Sachs BDC Director Carlos E. Evans Expands Stake with $451,035 Purchase

Evans buys 50,000 shares on April 2, 2026; GSBD yields 19.4% and posted a Q4 2025 EPS beat while revenue came in light

By Sofia Navarro GSBD
Goldman Sachs BDC Director Carlos E. Evans Expands Stake with $451,035 Purchase
GSBD

Carlos E. Evans, a director at Goldman Sachs BDC, acquired 50,000 shares of the company's common stock on April 2, 2026, investing $451,035 at a weighted average price of $9.0207. The purchase increases his direct holding to 64,446 shares. Goldman Sachs BDC reported a fourth-quarter 2025 EPS beat but slightly missed revenue expectations and recently adjusted its board following a retirement.

Key Points

  • Director Carlos E. Evans purchased 50,000 GSBD shares on April 2, 2026, for $451,035 at a weighted average price of $9.0207.
  • Evans now directly owns 64,446 shares; GSBD yields 19.4% and has paid dividends for 12 consecutive years per InvestingPro data.
  • Goldman Sachs BDC posted Q4 2025 EPS of $0.37 (6.69% above the $0.3468 forecast) while revenue of $86.07 million missed expectations of $86.85 million; board size was reduced and two Class III directors were appointed.

Transaction details

According to a Form 4 filing with the Securities and Exchange Commission, Goldman Sachs BDC, Inc. (NASDAQ: GSBD) director Carlos E. Evans purchased 50,000 shares of company common stock on April 2, 2026. The total value of the purchase was $451,035, executed at a weighted average price of $9.0207 per share. Individual trade prices in the filing range from $8.99 to $9.04.

Ownership after the trade

Following the transaction, Evans directly holds 64,446 shares of Goldman Sachs BDC. The acquisition increases his personal stake in the business development company.

Market context and share performance

At the time of reporting, GSBD shares trade at $9.25. Over the past week the stock has risen 3.6%, while remaining close to its 52-week low of $8.66.

Dividend profile

Goldman Sachs BDC offers a dividend yield of 19.4%. According to InvestingPro data cited in the filing, the company has maintained dividend payments for 12 consecutive years. For investors seeking additional analysis, a comprehensive Pro Research Report on GSBD is available as one of more than 1,400 US equities covered on the platform.

Recent quarterly results

In its fourth-quarter 2025 results, Goldman Sachs BDC reported earnings per share of $0.37, exceeding the consensus forecast of $0.3468 by 6.69%. Revenue for the quarter totaled $86.07 million, slightly below the anticipated $86.85 million. Analyst commentary from Raymond James reiterated a Market Perform rating on the company and noted that reduced operating expenses helped offset lower investment income during the period.

Board changes

The company also announced adjustments to its board following the retirement of a former director at the end of December 2025. The board size was reduced from seven members to six. To preserve an even distribution among board classes, Timothy J. Leach and Katherine P. Uniacke were appointed as Class III directors. These modifications were executed in accordance with the company’s Amended and Restated Certificate of Incorporation.


What this means for stakeholders

Evans’ purchase increases his direct ownership and signals a material insider purchase in absolute dollar terms. The company’s high dividend yield and multi-year record of payouts are notable to income-focused investors, while the recent earnings beat and revenue shortfall provide mixed operational signals. The board restructuring following a December 2025 retirement is a discrete corporate governance development documented by the company.

Risks

  • Share price proximity to its 52-week low ($8.66) indicates downside risk for equity holders - this impacts equity and income-focused investors.
  • Revenue in Q4 2025 fell short of expectations, which could signal pressure on investment income and affect operating performance assessments - relevant to fixed-income and asset management sectors.
  • Board changes following a director retirement introduce governance transition risk, which may create short-term uncertainty for shareholders.

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