Golub Capital Private Income Fund I

Item 3.02. Unregistered Sales of Equity Securities.

As of October 1, 2026, Golub Capital Private Income Fund I (the "Fund") sold unregistered common shares of beneficial interest, par value $0.01 (the "Common Shares"), based on the Fund's net asset value ("NAV") per Common Share as of September 30, 2026, pursuant to subscription agreements entered into by the Fund and its investors. The offer and sale of the Common Shares were exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D, and/or Regulation S thereunder. The following table details the amount of Common Shares sold and consideration therefor: Date of Unregistered Sale Amount of Common Shares NAV per Common Share Consideration (1) As of October 1, 2026 10,185 $ 24.24 $ 246,875

(1) No underwriting discounts or commissions have been or will be paid in connection with the sale of such Common Shares. Investors are not charged any sales load or commission in connection with the purchase of Common Shares.

As previously disclosed, on July 31, 2026, the Fund declared a regular distribution for its Common Shares in the amount per share set forth below: Regular Distribution October 2026 Common Shares Distribution $0.1667

The October regular distribution for Common Shares is payable to shareholders of record as of the open of business on October 31, 2026 and will be paid on or around November 25, 2026.

This distribution will be paid in cash or reinvested in Common Shares of the Fund for shareholders participating in the Fund's distribution reinvestment plan.

As of September 30, 2026, the Fund had investments in 181 portfolio companies with total fair value of approximately $429 million. As of September 30, 2026, the Fund's investments as a percentage of the portfolio at fair value were comprised of the following: Investment Type As of September 30, 2026 First Lien Senior Secured 99% Junior Debt 0%* Equity 1%

As of September 30, 2026, approximately 100% of the debt investments in the Fund's portfolio, based on fair value, were floating rates and three debt investments representing less than 1% had a fixed interest rate. As of September 30, 2026, the ten largest industries in which the Fund was invested, represented as a percentage of fair value, were as follows: Industry As of September 30, 2026 Software 25% Insurance 10% Commercial Services & Supplies 8% Healthcare Providers & Services 6% Hotels, Restaurants & Leisure 5% Automobiles 4% Healthcare Technology 4% Professional Services 4% Containers & Packaging 4% IT Services 3%

As of September 30, 2026, the Fund's aggregate NAV was approximately $215 million, the fair value of its portfolio investments was approximately $429 million, and it had approximately $234 million of debt outstanding. As of September 30, 2026, the Fund's debt-to-equity leverage ratio was 1.10x and GAAP debt-to-equity ratio, net, which reduces total debt by cash and cash equivalents and foreign currencies was 1.06x.

The NAV per Common Share of the Fund as of September 30, 2026, as determined in accordance with the Fund's valuation policy and procedures, is set forth below:

NAV per Common Share as of September 30, 2026 Common Shares $24.24