Role
10%+ Owner
Signature
/s/ Adrian Budischak
Issuer symbol
NAC
Transactions as of
17 Dec 2025
Net transactions value
$0
Form type
4
Filing time
14 Jan 2026, 10:58:06 UTC
Previous filing
08 Sep 2025
Next filing
25 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
JPMorgan Chase Bank, N.A. 10%+ Owner 1111 POLARIS PARKWAY, COLUMBUS /s/ Adrian Budischak 14 Jan 2026 0000835271

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAC Series 5 Variable Rate Demand Preferred Shares Other -240 -15% 1,349 17 Dec 2025 By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 240 variable rate muni term preferred shares reported as disposed of in Table I represent Series 5 Variable Rate Demand Preferred Shares (the "VRDP Shares") beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The VRDPShares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,153.39725 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $153.39725 per share).