Institution For Social Security Public - 12 Jun 2024 Form 4 Insider Report for BlackRock Direct Lending Corp.

Role: 10%+ Owner
Signature: THE PUBLIC INSTITUTION FOR SOCIAL SECURITY, By: /s/ Ricardo Davidovich, Name: Ricardo Davidovich, Title: Authorized Signatory
Issuer symbol: N/A
Transactions as of: 12 Jun 2024
Net transactions value: +$34,968,881
Form type: 4
Filing time: 14 Jun 2024, 21:00:04 UTC
Previous filing: 02 Jan 2024
Next filing: 24 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock, $0.001 par value	Exercise of in-the-money or at-the-money derivative security	$34,968,881	+3,317,731	+14%	$10.54^*	26,991,927	12 Jun 2024	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction		Obligation to Buy	Exercise of in-the-money or at-the-money derivative security		-3,317,731	-100%		0	12 Jun 2024	Common Stock	3,317,731	$10.54	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 12, 2024, BlackRock Direct Lending Corp., a Delaware corporation (the "Issuer") issued 3,317,730.6679 of its shares of common stock, $0.001 par value per share to The Public Institution for Social Security ("PIFSS") in connection with a mandatory capital call made by the Issuer pursuant to the terms and conditions of the Subscription Agreement previously entered into between PIFSS and the Issuer.
F2	The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of the reporting person in such securities.

Content

On June 12, 2024, BlackRock Direct Lending Corp., a Delaware corporation (the "Issuer") issued 3,317,730.6679 of its shares of common stock, $0.001 par value per share to The Public Institution for Social Security ("PIFSS") in connection with a mandatory capital call made by the Issuer pursuant to the terms and conditions of the Subscription Agreement previously entered into between PIFSS and the Issuer.

The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of the reporting person in such securities.

Remarks:

Exhibit Index Exhibit 24.1 - Power of Attorney (incorporated by reference to Exhibit 24.1 to the Form 3 filed on February 8, 2021)