A newly filed Form 4 with the Securities and Exchange Commission shows Jason Robert Steiner, an insider at PIMCO Flexible Credit Income Fund (NYSE: PFLEX), made a sizable open-market purchase of the fund’s shares.
According to the filing, Steiner bought 148,827 shares on September 2, 2026, at a price of $6.82 per share. The total value of the transaction came to $1,015,000.00. This was a straightforward open-market buy, meaning Steiner used personal funds to acquire the stake rather than receiving shares through options, restricted stock grants, or other compensation-related mechanisms.
Following the purchase, Steiner’s ownership stands at 148,827 shares, all held directly. Because this appears to be the insider’s full reported position after the transaction, the filing suggests this was a new or newly disclosed direct holding in the fund rather than an addition to a larger existing stake.
What the Filing Shows
PIMCO Flexible Credit Income Fund is a closed-end fund, a structure where shares can trade at a premium or discount to net asset value depending on market sentiment and demand. Insider purchases in closed-end funds are sometimes watched closely because they can reflect a view on where the shares are trading relative to underlying fund value, though the filing itself does not state any rationale for the purchase.
Whoisbuyingnow.com classifies this transaction as an open market buy, the most direct form of insider signal available in SEC disclosures. Unlike option exercises or automatic plan-based transactions, an open-market purchase requires the insider to commit their own capital at the prevailing market price, with no discount or preferential terms involved.
Context for Insider Buying Signals
Academic research on insider trading disclosures has found that clusters of open-market purchases, particularly by multiple insiders at the same company within a short window, can statistically correlate with subsequent periods of relative outperformance. That said, a single transaction from one insider is a narrow data point, and the research findings apply to broad statistical patterns across many filings rather than to any individual purchase.
This report is based solely on the details disclosed in the Form 4 filing. It does not constitute investment advice, and readers should treat the transaction as one data point among many when evaluating any security. The filing does not include any stated reason for the purchase, and no additional insider transactions at PFLEX were referenced in this disclosure.
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Source: original SEC Form 4 filing.