Stephen Lane Nesbitt - 25 Nov 2025 Form 4 Insider Report for Cliffwater Corporate Lending Fund (CCLFX)

Role: President/Interested Trustee, Director
Signature: /s/ Stephen Lane Nesbitt
Issuer symbol: CCLFX
Transactions as of: 25 Nov 2025
Net transactions value: +$15,266,630
Form type: 4
Filing time: 15 Dec 2025, 15:54:19 UTC
Previous filing: 14 Jul 2025
Next filing: 13 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nesbitt Stephen Lane	President/Interested Trustee, Director	C/O UMB FUND SERVICES, INC, 235 WEST GALENA STREET, MILWAUKEE	/s/ Stephen Lane Nesbitt	15 Dec 2025	0001754658

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCLFX	Class I Shares	Purchase	$8,266,630	+777,670	+8%	$10.63	10,496,096	25 Nov 2025	See footnote	F1
transaction	CCLFX	Class I Shares	Purchase	$7,000,000	+656,045	+6.3%	$10.67	11,152,141	11 Dec 2025	See footnote	F1

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

Explanation of Responses:

Id	Content
F1	Shares held by the Nesbitt Family Trust of 1995, BN 2021 Trust, JN 2021 Trust, JN and BN 2023 Trust, and The Terry/Anne Trust, which are trusts for the benefit of Mr. Nesbitt's family. Mr. Nesbitt disclaims beneficial ownership of such shares. This report shall not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Content

Shares held by the Nesbitt Family Trust of 1995, BN 2021 Trust, JN 2021 Trust, JN and BN 2023 Trust, and The Terry/Anne Trust, which are trusts for the benefit of Mr. Nesbitt's family. Mr. Nesbitt disclaims beneficial ownership of such shares. This report shall not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.