FS Specialty Lending Fund (FSSL) director reports 10,000-share insider purchase at $13.62

Rhea-AI Filing Summary

FS Specialty Lending Fund reported an insider stock purchase by a director. On 12/10/2025, the reporting person bought 10,000 shares of common stock of FS Specialty Lending Fund at a price of $13.62 per share, with the position held indirectly through an IRA. After this transaction, the director also reports indirect ownership of 1,855 shares through the Lauren Goldstein Trust and 1,855 shares through the Stephanie Goldstein Trust, in addition to 14,697.132 shares held directly. The trusts are described as grantor trusts for which the reporting person is the grantor, with the reporting person’s spouse and, in one case, a non-minor child serving as trustees.

Insider Trade Summary

Net Buyer: 10,000 shares ($136,200)

Net Buy 4 txns

Insider Goldstein Richard I

Role Director

Bought 10,000 shs ($136K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$13.62	$136K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,000 shares (Indirect, IRA); Common Stock — 14,697.132 shares (Direct)

Footnotes (1)

1. The reported transaction was effected by a Trust for which the Reporting Person is the Grantor. The Reporting Person's spouse, who resides in the same household, serves as Trustee. The Reporting Person is reporting the securities as indirectly owned. The reported transaction was effected by a Trust for which the Reporting Person serves as Grantor. The Reporting Person's spouse, who resides in the same household as the Reporting Person, serves as Trustee and the Reporting person's non-minor child, who does not reside in the same household as the Reporting Person, serves as Trustee. The Reporting Person is reporting the securities as indirectly owned.

Form 4 Insider Transactions: What Each Field Means →

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^*

Goldstein Richard I

(Last) (First) (Middle)

C/O FS SPECIALTY LENDING FUND

201 ROUSE BOULEVARD

(Street)

PHILADELPHIA PA 19112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FS Specialty Lending Fund [ FSSL ]

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)
12/10/2025

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								1,855	I	Lauren Goldstein Trust(1)
Common Stock								1,855	I	Stephanie Goldstein Trust(2)
Common Stock								14,697.132	D
Common Stock	12/10/2025		P		10,000	A	$13.62	10,000	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. The reported transaction was effected by a Trust for which the Reporting Person is the Grantor. The Reporting Person's spouse, who resides in the same household, serves as Trustee. The Reporting Person is reporting the securities as indirectly owned.

2. The reported transaction was effected by a Trust for which the Reporting Person serves as Grantor. The Reporting Person's spouse, who resides in the same household as the Reporting Person, serves as Trustee and the Reporting person's non-minor child, who does not reside in the same household as the Reporting Person, serves as Trustee. The Reporting Person is reporting the securities as indirectly owned.

	/s/ Stephen S. Sypherd, Attorney-in-Fact	12/12/2025
	** 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 insider transaction was reported for FS Specialty Lending Fund (FSSL)?

A director of FS Specialty Lending Fund (FSSL) reported buying 10,000 shares of common stock on 12/10/2025 at a price of $13.62 per share, held indirectly through an IRA.

What is the reporting person’s relationship to FS Specialty Lending Fund (FSSL)?

The reporting person is listed as a Director of FS Specialty Lending Fund (FSSL) and is not marked as a 10% owner or officer.

How many FS Specialty Lending Fund (FSSL) shares does the insider report owning after the transaction?

After the transaction, the insider reports 10,000 shares indirectly via an IRA, 14,697.132 shares held directly, and 1,855 shares each in the Lauren Goldstein Trust and the Stephanie Goldstein Trust as indirect holdings.

What was the transaction code used in the FS Specialty Lending Fund (FSSL) Form 4?

The transaction code is P, which indicates an open market or private purchase of FS Specialty Lending Fund common stock.

How are the trust holdings in FS Specialty Lending Fund (FSSL) characterized?

The filing explains that each trust is a grantor trust for which the reporting person is the grantor, with the reporting person’s spouse, and in one case a non-minor child, serving as trustees, so the shares are reported as indirectly owned.

Was the FS Specialty Lending Fund (FSSL) transaction made under a Rule 10b5-1 plan?

The form includes a checkbox for transactions under a Rule 10b5-1(c) trading plan, but the excerpt does not indicate that this box was checked for the reported purchase.