NCDL Nuveen Churchill Direct Lending Corp. Insider Trading

VP McCally buys 7,500 shares of NCDL at $13.27; holdings doubled to 15.2K shares amid -29.2% decline from 52-week high.

John McCally purchased 7,500 shares at $13.27 on 2026-05-15, increasing his holdings from 7.7K to 15.2K shares—a 96.8% increase in position size. The transaction occurs at $13.27 while the current price stands at $12.22, and the stock is -29.2% below its 52-week high of $17.27. McCally's prior buy at this ticker on 2026-03-05 showed 90-day underperformance of -4.6%, and his cross-ticker track record of prior buys generated average 90-day returns of -4.6% with a 0.00% win rate. The fundamentals show a reasonable P/E of 10.18 with net income of $8.7M, but the convergence of elevated equity concentration, a recent price decline, and a track record of poor buy timing warrant investor attention to execution and intended holding period.

CFO Vichness Shaul purchased 5,000 shares at $13.20 on 2026-05-14, expanding stake to 30.7K shares amid 24.1% pullback from 52-week high.

Vichness Shaul, Chief Financial Officer and Treasurer, filed 2 separate transactions in this Form 4: a sale of 385 shares at $14.18 on 2026-04-27, followed by a purchase of 5,000 shares at $13.20 on 2026-05-14. The purchase occurred when the stock was trading 24.1% below its 52-week high of $17.27 and down 9.1% over the prior 30 days, representing a material expansion of his shareholding from 25.7K to 30.7K shares. Across his 5 prior trades at NCDL, all were purchases, establishing a consistent acquisition pattern at this ticker. With the stock at $13.11 currently (below the purchase price), this position remains underwater from the May transaction, and prior buy outcomes at NCDL remain unmeasurable due to timing constraints.

Chief Accounting Officer Hassen Marissa purchases 3,782 shares as stock trades well below 52-week highs; fifth open-market buy in 36-month window.

Hassen Marissa, the company's Chief Accounting Officer, is adding to her position in NCDL with an open-market purchase while the stock trades significantly below its 52-week high. This marks her fifth open-market purchase in the past 36 months, establishing a pattern of consistent buying on the open market. Her previous purchase of shares roughly one year prior showed mixed timing results—the stock gained modestly over the following month but ultimately declined over a longer timeframe, suggesting her prior buy was well-timed in the short term but poorly timed when measured over a quarterly horizon. The current purchase occurs at a point where the stock has weakened over the past quarter, potentially offering her a lower entry point than her most recent prior transaction, though the long-term directional conviction evident in her repeat purchasing activity is noteworthy for an accounting officer who typically has limited operational visibility compared to business-line executives.

CFO Vichness Shaul buys 5.0K NCDL shares at $13.13; stock -24.8% from 52-week high; 6 other insiders bought within 14 days

Vichness Shaul, CFO/Treasurer, purchased 5,000 shares at $13.13, increasing holdings from 20,000 to 25,000 shares. The stock is currently trading at $13.13, representing -24.8% from its 52-week high of $17.46 and down 7.0% over the past 30 days. Notably, 6 other insiders also bought within the past 14 days, indicating a cluster buying pattern. At the same ticker, Shaul's prior 4 buys show mixed timing outcomes: only 1 of 4 exhibited positive 90-day returns, with an average 90-day return of -1.8% across those trades, suggesting modest success at identifying entry points in this security. The concentrated insider activity in a depressed price environment warrants examination of underlying fundamentals and motivation, though the modest historical success rate tempers any signal strength.

Director Ritchie James Joseph buys 17,857 shares of NCDL at $13.71; cluster pattern with 5 other insiders buying within 14 days

Director Ritchie James Joseph purchased 17,857 shares at $13.71 on 2026-03-10, increasing his holdings by 29.6% from 60,336 to 78,193 shares. This buy occurs within a cluster pattern: 5 other insiders also purchased shares within the past 14 days, suggesting coordinated or independently motivated accumulation during a period of price weakness. The stock currently trades at $13.31, down 23.8% from its 52-week high of $17.46 and down 4.0% over the past 30 days, positioning this purchase near recent lows. Across his cross-ticker track record, Joseph's 4 prior open-market sells averaged a 90d well-timed rate of 100.00%, though that track record does not predict timing or outcome at this specific ticker where no measurable same-ticker history is available.

Jason Strife buys 7,690 shares of NCDL at $13.40; holds 15,737 shares post-trade. Stock -24.4% from 52-week high; 4 other insiders bought within 14 days.

Jason Strife purchased 7,690 shares at $13.40, nearly doubling his holdings from 8,047 to 15,737 shares (+95.6% net change). This transaction occurs while the stock trades -24.4% below its 52-week high of $17.46 and down -10.9% over the past 90 days, placing the purchase in a period of sustained price weakness. The filing notes a cluster buy pattern with 4 other insiders also purchasing within the past 14 days, indicating coordinated accumulation across the insider group. With NCDL trading at a P/E of 22.76 against net income of $18.7M and a market cap of $651.9M, this purchase signal warrants attention to whether insider buying at depressed price levels reflects conviction or represents routine accumulation activity unrelated to near-term valuation catalysts.

VP & Secretary McCally buys 2,000 NCDL shares at $13.30; 4 other insiders bought within 14 days amid -24.4% price decline from 52-week high.

McCally John, Vice President & Secretary, purchased 2,000 shares at $13.30 on 2026-03-05, bringing his holdings to 7,430 shares (+36.8% increase). The transaction occurs in a cluster pattern with 4 other insiders also buying within the past 14 days, suggesting coordinated or independently reinforcing conviction at current valuations. The stock is trading at $13.20 (current price), down -24.4% from its 52-week high of $17.46 and down -10.9% over the past 90 days, indicating the purchase was made into a declining market. The company shows solid fundamentals with net income of $18,658,000.00 and a P/E of 22.76, providing context for the insider buying activity during a period of price weakness.

Linett Mat bought 2,000 shares of NCDL at $13.05; cluster of 4 other insider buys in past 14 days.

Linett Mat acquired 2,000 shares at $13.05, representing a +23.9% increase to his holdings of 10.4K shares post-transaction. This purchase occurs amid a cluster buy pattern with 4 other insiders buying within the past 14 days, suggesting coordinated conviction among the insider group. His same-ticker track record at NCDL shows a prior buy on 2025-05-21 that posted 30d +4.6% and 90d +0.8% returns, indicating well-timed historical entry decisions at this specific security. The stock is trading at $13.20 (current), down -24.4% from its 52-week high of $17.46, providing a valuation context where multiple insiders are choosing to accumulate.

Director Kenneth Miranda buys 3,000 NCDL shares at $12.83; clustering with 3 other insiders in 14 days signals coordinated conviction.

Kenneth Miranda, a Director at Nuveen Churchill Direct Lending Corp., purchased 3,000 shares at $12.83 on 2026-03-03, increasing his holdings to 30,000 shares, a net increase of 11.1%. The transaction is notable because it is part of a cluster pattern: 3 other insiders also bought within the past 14 days. In his prior buys at NCDL, one trade (2025-05-23 at $12.87–$17.58 range context) showed a 90-day gain of 1.3%, while the most recent buy on 2025-11-19 declined 0.6% over 90 days. The current price of $13.30 represents the stock being -24.4% from its 52-week high of $17.58. The clustering of insider purchases across multiple board members or executives within a tight timeframe typically reflects coordinated assessment of value at current levels, suggesting alignment on the company's near-term outlook.

CEO Kencel Kenneth J. bought 10,000 shares of NCDL at $13.04; holdings now 58,117 shares (+20.8%). Cluster buy with 3 other insiders within 14 days.

CEO Kenneth J. Kencel purchased 10,000 shares at $13.04 on 2026-03-03, increasing holdings by 20.8% to 58,117 shares total, with a transaction value of $130,384.00. This buy occurs as part of a cluster pattern, with 3 other insiders also purchasing within the past 14 days. In his prior trades at NCDL, the CEO has demonstrated strong timing discipline: 3 of 4 measurable prior buys were well-timed at the 90-day mark, with two of those trades returning +6.0% and another returning +1.2% over 90 days. His cross-ticker track record shows an 85.71% 90-day win rate across 8 prior buys with an average 90-day return of +2.0%. The current price of $13.30 is down 24.4% from the 52-week high of $17.58, and the stock is off 10.2% over the past 90 days, positioning this purchase in a period of relative weakness. The synchronized buying by multiple insiders, combined with the CEO's history of well-timed accumulation at this ticker, merits attention from investors monitoring management's confidence signals and capital allocation.