FS Specialty Lending Fund insider buys 8,588 FSSL shares at $13.39

FS Specialty Lending Fund insider reports common stock transactions.

Rhea-AI Filing Summary

FS Specialty Lending Fund insider reports common stock transactions. A reporting person who is a Director, Trustee, Chairman, President and Chief Executive Officer of FS Specialty Lending Fund (ticker FSSL) filed a Form 4 for activity on 12/03/2025.

The filing shows an indirect purchase of 8,588 shares of common stock at $13.39 per share held in a Trust. After the reported transactions, the person is shown with 73,234.891 shares of common stock held directly, 1 share held indirectly through FS Specialty Lending Advisor, LLC, and 76,824 shares held indirectly through an IRA, along with the newly acquired 8,588 shares in the Trust.

The individual disclaims beneficial ownership of any shares held by FS Specialty Lending Advisor, LLC and The 2011 Forman Investment Trust that exceed his pecuniary interest, stating that inclusion of these shares is not an admission of beneficial ownership for Section 16 or any other purpose.

Insider Trade Summary

Net Buyer: 8,588 shares

Net Buy 4 txns

Insider Forman Michael C.

Role See Remarks

Bought 8,588 shs ($115K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	8,588	$13.39	$115K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,588 shares (Indirect, Trust); Common Stock — 73,234.891 shares (Direct); Common Stock — 1 shares (Indirect, FS Specialty Lending Fund, Advisor, LLC); Common Stock — 76,824 shares (Indirect, IRA)

Footnotes (2)

1. F1. The reporting person disclaims beneficial ownership of any shares held by FS Specialty Lending Advisor, LLC that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
2. F2. The reporting person is a member of The 2011 Forman Investment Trust. The reporting person disclaims beneficial ownership of any shares held by The 2011 Forman Investment Trust that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.

FAQ

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What insider transaction did FSSL report on this Form 4?

The Form 4 for FS Specialty Lending Fund (FSSL) reports that on 12/03/2025 the reporting person indirectly acquired 8,588 shares of common stock at $13.39 per share, held in a Trust.

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

The reporting person is a Director and an Officer of FS Specialty Lending Fund, serving as Trustee, Chairman, President and Chief Executive Officer.

How many FSSL shares does the insider hold after the reported transactions?

After the reported transactions, the filing shows 73,234.891 shares of common stock held directly, 1 share held indirectly through FS Specialty Lending Advisor, LLC, 76,824 shares held indirectly through an IRA, and 8,588 shares held indirectly through a Trust.

How are the newly acquired FSSL shares held by the insider?

The 8,588 newly acquired shares of FS Specialty Lending Fund common stock are reported as being held indirectly through a Trust, identified as The 2011 Forman Investment Trust.

What does the Form 4 say about the insider’s beneficial ownership of FSSL shares in entities?

The reporting person disclaims beneficial ownership of any shares held by FS Specialty Lending Advisor, LLC and by The 2011 Forman Investment Trust that exceed his pecuniary interest, and states that including these shares is not an admission of beneficial ownership for Section 16 or any other purpose.

Are there any derivative securities reported for FSSL on this Form 4?

The section for Derivative Securities (such as options or warrants) is included but contains no derivative transactions or holdings filled in for this reporting person.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 12/05/2025 - 04:01 PM EST Learn about SEC filing dates

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^*

Forman Michael C.

(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
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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								73,234.891	D
Common Stock								1	I	FS Specialty Lending Fund, Advisor, LLC(1)
Common Stock								76,824	I	IRA
Common Stock	12/03/2025		P		8,588	A	$13.39	8,588	I	Trust(2)

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 reporting person disclaims beneficial ownership of any shares held by FS Specialty Lending Advisor, LLC that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

2. The reporting person is a member of The 2011 Forman Investment Trust. The reporting person disclaims beneficial ownership of any shares held by The 2011 Forman Investment Trust that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.

Remarks:

Trustee, Chairman, President and Chief Executive Officer

	/s/ Stephen S. Sypherd, Attorney-in-Fact	12/05/2025
	** 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.