v3.26.1
Common Stock Transactions
 9 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Common Stock Transactions
Note 11. 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 three and nine months ended June 30, 2026, the Company did not issue any common stock under the ATM Program.
For the three and nine months ended June 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$211,957
On July 31, 2026, 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 (the “2026 Program”). 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 June 30, 2026, the repurchased shares have been retired and returned to the status of authorized but unissued shares of GBDC Common Stock.
As of June 30, 2026, Wells Fargo Securities, LLC, as broker, had repurchased 5,974,194 shares of the Company’s common stock pursuant to the 2025 Program at an average price of $13.07 per share for an aggregate purchase price of approximately $78,074.
For the three and nine months ended June 30, 2026, 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
October 1 - 31, 20252,540,542 $13.69 $34,792 $110,043 
December 1 - 31, 202582,756 13.47 1,115 108,928 
January 1 - 31, 202656,604 13.51 765 108,163 
February 1 - 28, 2026853,300 12.53 10,693 97,470 
March 1 - 31, 20261,327,000 12.32 16,343 81,127 
April 1 - 30, 2026650,600 12.93 8,411 72,716 
May 1 - 31, 2026212,292 13.19 2,800 69,916 
June 1 - 30, 2026251,100 12.56 3,155 66,761 
Total5,974,194 $13.07 $78,074 $150,000 *

*The Program was re-approved on July 31, 2026 to purchase $150,000 of the Company’s common stock, exclusive of shares repurchased prior to the date of such authorization.
As of June 30, 2025, Wells Fargo Securities, LLC, as broker, had repurchased 2,864,403 shares of the Company’s common stock pursuant to the Program re-approved on August 2, 2024 (the “2024 Program”) at an average price of $14.06 per share for an aggregate purchase price of approximately $40,274.
For the three and nine months ended June 30, 2025, repurchases under the 2024 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 
Total2,532,475 $14.00 $35,466 $150,000 *
*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.
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.