Welcome to our dedicated page for FS Specialty Lending Fund SEC filings (Ticker: FSSL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
FS Specialty Lending Fund filings document material events for a closed-end management investment company focused on credit investments. Recent Form 8-K disclosures include Regulation FD materials containing financial and operating information, board-level actions, and changes to finance leadership roles such as chief financial officer and treasurer.
The fund's regulatory record centers on formal event reporting, governance and officer appointments, financial and operating presentation materials, and risk language associated with forward-looking statements for a publicly traded closed-end fund.
FS Specialty Lending Fund (FSSL) transmitted its certified annual shareholder report for the fiscal year ended December 31, 2025. The Fund listed its common shares on the NYSE on November 13, 2025, reported a NAV-based total return of 3.75% for the year and NAV per share declined from $19.80 to $18.22.
The Fund reported net investment income of $1.42 per share, paid distributions totaling $2.31 per share (76.0% ordinary income, 24.0% return of capital), and net assets of $1,383,373. Portfolio fair value was $1,749,088 with senior secured debt ~93% of the portfolio. Credit facility borrowings totaled $520,000.
FS Specialty Lending Fund reported a planned change in its finance leadership. Edward T. Gallivan, Jr. notified the board that he will resign as Chief Financial Officer and Treasurer, effective at the close of business on December 31, 2025. The company states that his resignation is not due to any disagreement regarding operations, policies, or practices.
On December 29, 2025, the board appointed William Goebel as the new Chief Financial Officer and Treasurer, effective at the same time Mr. Gallivan departs. Goebel is 51 and has extensive experience in investment management finance roles, including senior positions at KKR FS Income Trust entities and FS KKR Capital Corp., and earlier work at Ernst & Young and a regional accounting firm. He is a Managing Director of FS Investments, a CPA, and a CFA charterholder. The company notes he will not receive direct compensation from FS Specialty Lending Fund for this role and that there are no family relationships or related party transactions requiring disclosure.
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.
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.
FS Specialty Lending Fund director reports indirect share holdings and spouse purchase
A director of FS Specialty Lending Fund (FSSL) filed a Form 4 reporting indirect ownership of the company’s common stock. The filing shows 5,140.886 shares of common stock held indirectly through a 401(k) plan and notes these shares were previously reported as directly owned. In addition, on 11/25/2025, the director’s spouse purchased 7,460 shares of FSSL common stock at a price of $13.35 per share, which are reported as indirectly owned by the director through the spouse. This update mainly clarifies how the director’s holdings are categorized and records the spouse’s recent open-market purchase.
FS Specialty Lending Fund director reported recent open-market purchases of the company's common stock. On November 25, 2025, trusts associated with the director bought 1,855 shares at $13.47 and another 1,855 shares at $13.49, which are reported as indirectly owned through family trusts. On November 26, 2025, the director purchased 7,365 shares of common stock at $13.58, bringing the director's directly held position to 14,697.132 shares after the transaction. The filing is made by a single reporting person in the capacity of a director and indicates indirect ownership for the trust-held shares.
FS Specialty Lending Fund (FSSL) reported an insider purchase of its common stock by a senior leader. On 11/21/2025, a reporting person who serves as Trustee, Chairman, President and Chief Executive Officer acquired 10,000 shares of FSSL common stock at $13.27 per share in an indirectly owned IRA. After this transaction, the IRA held 76,824 shares of FSSL common stock. The individual is also a Director of the fund and has additional indirect holdings through FS Specialty Lending Advisor, LLC, while disclaiming beneficial ownership of any shares in excess of his pecuniary interest.
FS Specialty Lending Fund (FSSL) insider activity: A reporting person who is a director, trustee, chairman, president and chief executive officer reported buying common stock on 11/20/2025. The filing shows a purchase of 16,790 shares of common stock at a weighted average price of $13.32 per share, held indirectly in an IRA, with the actual trade prices ranging from $13.29 to $13.33. The report also lists other beneficially owned common shares, including 73,234.891 shares held directly and additional shares held indirectly through FS Specialty Lending Advisor, LLC, for which beneficial ownership is disclaimed beyond the reporter’s pecuniary interest.
FS Specialty Lending Fund (FSSL) reported an insider share purchase by a senior executive and director. On 11/19/2025, the reporting person acquired 1,664 shares of FSSL common stock at $13.34 per share in an IRA account. Following this transaction, the IRA holds 50,034 shares of common stock, and the reporting person also has 73,234.891 shares reported as directly owned, plus additional shares attributed through FS Specialty Lending Advisor, LLC.
The reporter serves as Trustee, Chairman, President and Chief Executive Officer of FSSL and is also a director. The filing notes that the reporter disclaims beneficial ownership of any shares held by FS Specialty Lending Advisor, LLC beyond his pecuniary interest in them.