Caravel Holdings LLC - Oct 1, 2021 Form 4 Insider Report for Palmer Square Capital BDC Inc. (NONE)

Role: 10%+ Owner
Signature: /s/ David M. Becker, Vice President on behalf of Caravel Holdings LLC and Seaboard Foods LLC, Executive Vice President on behalf of Seaboard Corporation
Stock symbol: NONE
Transactions as of: Oct 1, 2021
Transactions value $: $50,000,000
Form type: 4
Date filed: 10/18/2021, 04:30 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Stock	Purchase	$50M	+2.42M	+154.06%	$20.70^*	3.98M	Oct 1, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On October 1, 2021, the Reporting Person's subscription to purchase common stock of the Issuer was accepted. On October 14, 2021, the number of shares being purchased by the Reporting Person was fixed when the purchase price per share was determined by the Issuer.
F2	These shares are owned directly by Caravel Holdings LLC, which is a wholly owned subsidiary of Seaboard Foods LLC, which is a wholly owned subsidiary of Seaboard Corporation. Seaboard Foods LLC and Seaboard Corporation are indirect beneficial owners of the reported securities.