Phoenix Financial Ltd. - 17 Aug 2022 Form 4 Insider Report for Stellus Private Credit BDC

Role
10%+ Owner
Signature
/s/ Yehuda Indig, Head of OPM Investments /s/ Eli Schwartz, Deputy CEO, CFO, Head of Finance
Issuer symbol
N/A
Transactions as of
17 Aug 2022
Net transactions value
$0
Form type
4
Filing time
22 Aug 2022, 11:53:31 UTC
Previous filing
18 Aug 2022
Next filing
10 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common shares Other +428,837 +37% 1,592,969 17 Aug 2022 See footnote F1, F2
transaction Common shares Other +75,677 +37% 281,112 17 Aug 2022 See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 17 August 2022, the Issuer issued a capital call notice to certain investors that have committed to purchase its common shares. Pursuant to such capital call notice, the Reporting Person was obligated to make a capital contribution of $7,426,452.41 on 30 August 2022, and the Company issued 504,514 shares of Common Stock to the Reporting Person on such date.
F2 Holds interests of Stellus Private Credit BDC in Stellus Private Credit BDC Feeder LP. The ordinary shares are owned directly by Shotfut Ashrai Lo Sachir, which is a wholly-owned subsidiary of the Reporting Person. The Reporting Person is an indirect beneficial owner of the reported securities.
F3 Holds interests of Stellus Private Credit BDC in Stellus Private Credit BDC Feeder LP. The ordinary shares are owned directly by Phoenix Insurance Ltd., which is a wholly-owned subsidiary of the Reporting Person. The Reporting Person is an indirect beneficial owner of the reported securities.