[Form 4] FS KKR Capital Corp. Insider Trading Activity

Rhea-AI Filing Summary

Barbara Adams, a director of FS KKR Capital Corp. (FSK), reported insider transactions dated 08/15/2025. The filing shows a disposition of 3,350.56 shares of common stock and an acquisition of 3,750 shares at a price of $17.515 per share. After these reported transactions, the filing discloses 29,452.23 shares beneficially owned indirectly, including shares acquired through the companys dividend reinvestment plan. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/20/2025 and was filed by one reporting person.

Positive

• Director increased holdings by acquiring 3,750 shares at $17.515, indicating continued participation in equity ownership
• Beneficial ownership disclosed as 29,452.23 shares indirectly, improving transparency for investors
• Includes dividend reinvestment plan participation, which is a routine, non-speculative method of acquiring shares

Negative

• Reported disposition of 3,350.56 shares reduces the directors direct holdings
• Form does not show total percentage ownership relative to outstanding shares, limiting assessment of materiality

Insights

Financial Analyst

TL;DR: Routine insider transactions show a small net purchase and a material indirect holding disclosed via DRIP.

The report documents both a sale of 3,350.56 shares and a purchase of 3,750 shares at $17.515 on 08/15/2025, leaving 29,452.23 shares beneficially owned indirectly. These transactions appear to include dividend reinvestment activity, which commonly results in modest changes to holdings. From a liquidity and valuation perspective, the recorded purchase price provides a concrete executed price for a portion of the directors position, but the filing does not disclose proportionality to total outstanding shares or other holdings that would allow assessment of materiality to shareholders or market impact.

Corporate Governance Expert

TL;DR: Disclosure is complete for Section 16 reporting; transactions were certified by an attorney-in-fact.

The Form 4 identifies the reporting person as a director and indicates the form was filed by one reporting person and signed by an attorney-in-fact on 08/20/2025. The explanation clarifies that some acquired shares result from the issuers dividend reinvestment plan, which is an expected and routine source of acquisition. There is no indication of unusually large or unusual-timestamped transactions in this filing that would raise immediate governance concerns based on the disclosed facts alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Adams Barbara

(Last) (First) (Middle)

C/O FS KKR CAPITAL CORP.

201 ROUSE BOULEVARD

(Street)

PHILADELPHIA PA 19112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FS KKR Capital Corp [ FSK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								3,350.56(1)	D
Common Stock	08/15/2025		P		3,750	A	$17.515	29,452.23(1)	I	IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares acquired under the FS KKR Capital Corp. dividend reinvestment plan.

	/s/ Stephen S. Sypherd, Attorney-in-Fact	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Barbara Adams report for FSK on 08/15/2025?

The Form 4 reports a disposition of 3,350.56 common shares and an acquisition of 3,750 common shares at $17.515 per share, both dated 08/15/2025.

How many FSK shares does Barbara Adams beneficially own after the reported transactions?

The filing shows 29,452.23 shares beneficially owned indirectly following the reported transactions.

Does the filing explain the source of the acquired shares?

Yes; the filing states the amount acquired includes shares acquired under FS KKR Capital Corp.s dividend reinvestment plan.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Stephen S. Sypherd, Attorney-in-Fact on 08/20/2025, and the earliest transaction date reported is 08/15/2025.

What is the reporting persons relationship to FS KKR Capital Corp.?

The reporting person, Barbara Adams, is identified as a Director of FS KKR Capital Corp.