XML 41 R22.htm IDEA: XBRL DOCUMENT v3.25.3
Common Stock Transactions
 12 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Common Stock Transactions
Note 13. Common Stock Transactions
On October 6, 2023, the Company entered into the 2023 Equity Distribution Agreement, which provides that the Company may, from time to time, issue and sell shares of its common stock, par value $0.001 per share, having an aggregate offering price of up to $288,043 in an “at the market offering,” as defined in Rule 415 under the Securities Act of 1933, as amended (the “ATM Program”).
For the year ended September 30, 2025, the Company issued common stock under the ATM Program as follows:
Total Number of Shares IssuedAverage Offering Price per shareGross ProceedsUnderwriting Fees/Offering ExpensesApproximate Dollar Value of Shares that May Yet be Issued Under the ATM Program
ATM Program2,408,940$15.79 $38,043 $609 $250,000 
On August 1, 2025, the Board re-approved the Program to repurchase up to $150,000 of the Company’s common stock, exclusive of shares repurchased prior to the date of such authorization. Under the Program, purchases may be made at management’s discretion from time to time in open-market transactions, in accordance with all applicable securities laws and regulations. As of September 30, 2025, the repurchased shares have been retired and returned to the status of authorized but unissued shares of GBDC Common Stock.
For the year ended September 30, 2025, Wells Fargo Securities, LLC, as broker, had repurchased 2,900,808 shares of the Company’s common stock pursuant to the Program at an average price of $14.01 per share for an aggregate purchase price of approximately $40,631. As of September 30, 2025, the Company recorded a receivable for 200,000 shares repurchased at an average price of $13.74 per share for an aggregate purchase price of $2,748, which is included in other assets on the Consolidated Statements of Financial Condition.
For the year ended September 30, 2025, repurchases under the Program were as follows:
Month PurchasedTotal Number of Shares RepurchasedAverage Price Paid Per ShareApproximate Dollar Value of Shares that have been Purchased Under the PlanApproximate Dollar Value of Shares that May Yet be Purchased Under the Plan
March 1 - 31, 202577,777 $14.53 $1,130 $144,062 
April 1 - 30, 20252,285,299 13.97 31,918 112,144 
May 1 - 31, 2025158,199 14.27 2,258 109,886 
June 1 - 30, 202511,200 14.29 160 109,726 
September 1 - 30, 2025368,333 14.02 5,165 144,835 
Total2,900,808 $14.01 $40,631 $144,835 *
*The Program was re-approved on August 1, 2025 to purchase $150,000 of the Company’s common stock, exclusive of shares repurchased prior to the date of such authorization.

As of September 30, 2024, Wells Fargo Securities, LLC, as broker, had repurchased 331,928 shares of the Company’s common stock pursuant to the Program at an average price of $14.49 per share for an aggregate purchase price of approximately $4,809.
For the year ended September 30, 2024, repurchases under the Program were as follows:
Month PurchasedTotal Number of Shares RepurchasedAverage Price Paid Per ShareApproximate Dollar Value of Shares that have been Purchased Under the PlanApproximate Dollar Value of Shares that May Yet be Purchased Under the Plan
August 1 - 31, 2024322,528 $14.48 $4,672 $145,328 
September 1 - 30, 20249,400 14.54 137 145,191 
Total331,928 $14.49 $4,809 $145,191 *
*The Program was re-approved on August 2, 2024 to purchase $150,000 of the Company’s common stock, exclusive of shares repurchased prior to the date of such authorization.
On February 21, 2025, the Company filed an amendment to the Company’s certificate of incorporation to increase the number of authorized shares of capital stock of the Company from 351,000,000 shares to 501,000,000 shares, consisting of 500,000,000 shares of common stock, par value $0.001 per share, and 1,000,000 shares of preferred stock, par value $0.001 per share (the “Certificate of Incorporation Amendment”). The Certificate of Incorporation Amendment became effective immediately upon filing.