Brandon R. Nielson - 01 Jan 2026 Form 4 Insider Report for Keystone Private Income Fund

Role: Director
Signature: /s/ Brandon R. Nielson
Issuer symbol: N/A
Transactions as of: 01 Jan 2026
Net transactions value: +$2,000,000
Form type: 4
Filing time: 23 Jan 2026, 11:38:24 UTC
Previous filing: 06 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nielson Brandon R.	Director	C/O UMB FUND SERVICES INC., 235 WEST GALENA STREET, MILWAUKEE	/s/ Brandon R. Nielson	23 Jan 2026	0002064774

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Class Z Shares	Purchase	$2,000,000	+20,270	+75%	$98.67^*	47,397	01 Jan 2026	By Beachrock Holdings, LLC	F1, F2, F3
holding		Class Z Shares						4,937	01 Jan 2026	By River Heights Holdings, LLC	F3

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

Explanation of Responses:

Id	Content
F1	Subscription of the Shares was dated January 1, 2026, with NAV per share pricing as of January 1, 2026, which was finalized on January 21, 2026.
F2	Includes 638.103 Class Z Shares acquired pursuant to the Issuer's dividend reinvestment plan from November 6, 2025 through the date of this report.
F3	Mr. Nielson disclaims beneficial ownership of Shares held by Beachrock Holdings, LLC and River Heights Holdings, LLC, except to the extent of his pecuniary interest therein.