GBDC · Insider Trading

Golub Capital BDC, Inc.

Every open-market purchase and sale reported by GBDC officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
39
code P
Sales
2
code S
Reporting Insiders
4
current holders
GBDC — Recent Form 4 Transactions (latest 2026-08-11)
FiledInsiderRole TypeSharesValue
2026-08-11 Lawrence E Golub Director Sell −1,676,387 −$21.89M
2026-08-11 David Golub Chairman & CEO Sell −1,676,387 −$21.89M
2025-05-29 Lawrence E Golub Chairman MIXED −6,059,971 −$91.69M
2025-05-29 David Golub Chief Executive Officer MIXED −6,059,971 −$91.69M
2024-12-23 William M Webster IV Director G −7,100 —
2024-12-06 Anita J. Rival Director Buy +3,500 +$50.30K
2024-09-13 John Thomas Baily Director D −0 −$11
2024-09-09 Lawrence E Golub Chairman Buy +40,000 +$593.80K
2024-09-09 David Golub Chief Executive Officer Buy +40,000 +$593.80K
2024-09-05 David Golub Chief Executive Officer Buy +40,000 +$597.00K
2024-09-05 Lawrence E Golub Chairman Buy +40,000 +$597.00K
2024-09-03 Lawrence E Golub Chairman Buy +40,000 +$600.20K
2024-09-03 David Golub Chief Executive Officer Buy +40,000 +$600.20K
2024-08-29 Lawrence E Golub Chairman Buy +20,000 +$300.80K
2024-08-29 David Golub Chief Executive Officer Buy +20,000 +$300.80K
2024-08-28 Lawrence E Golub Chairman Buy +40,000 +$601.40K
2024-08-28 David Golub Chief Executive Officer Buy +40,000 +$601.40K
2024-08-26 Lawrence E Golub Chairman Buy +40,000 +$601.40K
2024-08-26 David Golub Chief Executive Officer Buy +40,000 +$601.40K
2024-08-22 Lawrence E Golub Chairman Buy +40,000 +$594.60K
2024-08-22 David Golub Chief Executive Officer Buy +40,000 +$594.60K
2024-08-20 David Golub Chief Executive Officer Buy +40,000 +$587.60K
2024-08-20 Lawrence E Golub Chairman Buy +40,000 +$587.60K
2024-08-12 Anita J. Rival Director Buy +31,000 +$446.09K
2024-06-11 Lawrence E Golub Chairman Buy +512,267 +$8.21M
2024-06-11 David Golub Chief Executive Officer Buy +512,267 +$8.21M
2024-06-05 William M Webster IV Director A +147,409 —
2024-06-05 David Golub Chief Executive Officer A +3,456,883 —
2024-06-05 Lawrence E Golub Chairman A +3,456,883 —
2023-05-30 Anita J. Rival Director Buy +8,000 +$104.16K
2022-08-30 Anita J. Rival Director Buy +10,000 +$139.15K
2022-03-04 Lawrence E Golub Chairman MIXED −1,250,000 —
2022-03-04 David Golub Chief Executive Officer MIXED −1,250,000 —
2021-12-15 Anita R Rosenberg Director Buy +10,000 +$148.38K
2021-12-15 John Thomas Baily Director Buy +10,000 +$149.99K
2021-08-13 Lawrence E Golub Chairman Buy +5,059 +$79.97K
2021-08-13 David Golub Chief Executive Officer Buy +5,059 +$79.97K
2021-08-11 Lawrence E Golub Chairman Buy +10,000 +$159.35K
2021-08-11 David Golub Chief Executive Officer Buy +10,000 +$159.35K
2021-08-09 Lawrence E Golub Chairman Buy +10,000 +$159.05K
2021-08-09 David Golub Chief Executive Officer Buy +10,000 +$159.05K
2021-08-05 Lawrence E Golub Chairman Buy +10,000 +$157.89K
2021-08-05 David Golub Chief Executive Officer Buy +10,000 +$157.89K
2021-08-03 David Golub Chief Executive Officer Buy +10,000 +$158.62K
2021-08-03 Lawrence E Golub Chairman Buy +10,000 +$158.62K
2021-07-30 David Golub Chief Executive Officer Buy +9,143 +$145.89K
2021-07-30 Lawrence E Golub Chairman Buy +9,143 +$145.86K
2021-07-28 Lawrence E Golub Chairman Buy +10,000 +$159.33K
2021-07-28 David Golub Chief Executive Officer Buy +10,000 +$159.33K
2021-07-26 Lawrence E Golub Chairman Buy +10,000 +$159.62K
GBDC — Current Insider Holders
InsiderRole Shares HeldValue
William M Webster IV Director 552,654 $6.76M
David Golub Chairman & CEO 314,064 $3.84M
Anita J. Rival Director 121,791 $1.49M
Lawrence E Golub Chairman 58 $709
GBDC Insider Trading FAQ
Who are the insiders at GBDC?
4 officers, directors and 10%+ beneficial owners currently report holdings in GBDC via SEC Form 4.
Are GBDC insiders buying or selling?
Across the 50 most recent Form 4 filings for GBDC, 39 were open-market purchases (code P) and 2 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is GBDC insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent GBDC filing is dated 2026-08-11.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the GBDC quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.