GSBD · Goldman Sachs BDC, Inc.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.99 to $9.04, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.86 to $9.865, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.345 to $11.385, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.85 to $12.86, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.05 to $13.21, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Reflects a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.14 to $19.35, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

These shares are held in a trust for the benefit of the reporting person. The reporting person is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Reflects a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.12 to $19.25, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

These shares are held in a trust for the benefit of the reporting person. The reporting person is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.04 to $19.24, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.64 to $18.75, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Acquired upon the completion of and pursuant to the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of June 11, 2020, by and among the Issuer, Goldman Sachs Middle Market Lending Corp. ("MMLC"), Evergreen Merger Sub Inc., a wholly owned direct subsidiary of the Issuer, and Goldman Sachs Asset Management, L.P. (the "Transactions"), following which MMLC will have become merged with and into the Issuer with the Issuer continuing as the surviving company. Such shares of MMLC's common stock were exchanged pursuant to the terms of the Transactions for that number of shares of the Issuer's common stock with a net asset value ("NAV") equal to the NAV per share of MMLC's common stock, which calculation, as of the determination date of 10/9/20 equates to an exchange ratio of 1 to 1.1336, and the resulting number of shares was rounded down to the nearest whole share with the Reporting Person receiving cash for any partial share.

Reflects a weighted average purchase price of $13.398 per share, at prices ranging from $13.00 to $13.99 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Reflects a weighted average purchase price of $10.0829 per share, at prices ranging from $10.00 to $10.21 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Reflects a weighted average purchase price of $11.50 per share, at prices ranging from $11.30 to $11.68 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Reflects a weighted average purchase price of $12.3521 per share, at prices ranging from $12.19 to $12.51 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

This amendment is being filed solely to correct the total number of shares beneficially owned following all transactions reported in the initial Form 4.

Reflects a weighted average purchase price of $11.8087 per share, at prices ranging from $11.61 to $11.91 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

These shares are held in a trust for the benefit of the reporting person's family members. The reporting person and the reporting person's spouse are trustees of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

This amendment is being filed solely to correct the total number of shares beneficially owned following the transaction reported in the initial Form 4.