KNOT Offshore affiliate buys 1.25M preferred units
KNOT Offshore Partners LP director-related entity reports a significant preferred unit purchase.
Rhea-AI Filing Summary
KNOT Offshore Partners LP director-related entity reports a significant preferred unit purchase. An entity associated with director Trygve Seglem, Knutsen NYK Offshore Tankers AS, bought 1,250,000 Series A Preferred Units at $20.00 per unit in an open-market or private transaction, bringing its indirect holdings in this series to 1,458,333 units.
The filing also lists indirect positions in other classes: 252,405 Class B Units, 90,368 common units held by KNOT Offshore Partners GP LLC, and 9,661,255 common units held by Knutsen NYK Offshore Tankers AS. Seglem disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,250,000 shares
Net Buy
4 txns
Insider
Seglem Trygve
Role
Director
Bought
1,250,000 shs ($25.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series A Preferred Units | 1,250,000 | $20.00 | $25.00M |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
Holdings After Transaction:
Series A Preferred Units — 1,458,333 shares (Indirect, By Knutsen NYK Offshore Tankers AS);
Common Units — 9,661,255 shares (Indirect, By Knutsen NYK Offshore Tankers AS);
Common Units — 90,368 shares (Indirect, By KNOT Offshore Partners GP LLC);
Class B Units — 252,405 shares (Indirect, By Knutsen NYK Offshore Tankers AS)
Footnotes (1)
- F1. Knutsen NYK Offshore Tankers AS ("KNOT") owns 100% of KNOT Offshore Partners GP LLC (the "General Partner"), the general partner of KNOT Offshore Partners LP (the "Issuer"). The General Partner owns 640,278 general partner units in the Issuer, representing the general partner interest in the Issuer. KNOT is a joint venture between NYK Holding (Europe) B.V. and TS Shipping Invest AS ("TSSI"), each of which owns a 50% interest and has the power to appoint half of the members of the board of directors of KNOT. TSSI is a wholly owned subsidiary of Seglem Holding AS, of which 70% is owned by Trygve Seglem with the remainder owned by members of his immediate family. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission or beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
Series A purchase size: 1,250,000 units
Purchase price: $20.00 per unit
Series A holdings after: 1,458,333 units
+3 more
6 metrics
Series A purchase size
1,250,000 units
Series A Preferred Units bought indirectly on June 15, 2026
Purchase price
$20.00 per unit
Price for Series A Preferred Units in open-market or private purchase
Series A holdings after
1,458,333 units
Total indirect Series A Preferred Units following transaction
Class B Unit holdings
252,405 units
Indirect Class B Units held by Knutsen NYK Offshore Tankers AS
Common units via GP
90,368 units
Indirect KNOP common units held by KNOT Offshore Partners GP LLC
Common units via KNOT
9,661,255 units
Indirect KNOP common units held by Knutsen NYK Offshore Tankers AS
Key Terms
Series A Preferred Units, Class B Units, general partner units, pecuniary interest, +1 more
5 terms
Series A Preferred Units financial
"bought 1,250,000 Series A Preferred Units at $20.00 per unit"
Series A preferred units are a first institutional round of special ownership stakes typically issued by privately held companies structured as LLCs or partnerships. They act like a ‘first-class’ ticket: holders get priority on profit distributions and on getting their money back if the company is sold or liquidated, and they often carry conversion or voting features that affect control and dilution. Investors care because these rights change how and when they get paid and how much influence they have over future value.
Class B Units financial
"The filing also lists indirect positions in other classes: 252,405 Class B Units"
general partner units financial
"The General Partner owns 640,278 general partner units in the Issuer"
pecuniary interest financial
"disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission or beneficial ownership of all of the reported securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KNOP report for Trygve Seglem on this Form 4?
The Form 4 shows an entity associated with director Trygve Seglem bought 1,250,000 Series A Preferred Units at $20.00 per unit, reported as an indirect open-market or private purchase through Knutsen NYK Offshore Tankers AS.
How many KNOP Series A Preferred Units are held after the reported transaction?
After the reported transaction, entities associated with Trygve Seglem hold 1,458,333 Series A Preferred Units indirectly. This reflects the 1,250,000-unit purchase added to previously held units, all reported as indirect ownership through Knutsen NYK Offshore Tankers AS.
How is Trygve Seglem’s beneficial ownership of KNOP units described in the filing?
The filing states that Trygve Seglem disclaims beneficial ownership of the reported KNOP securities except to the extent of his pecuniary interest. It notes that the securities are held through entities such as Knutsen NYK Offshore Tankers AS and KNOT Offshore Partners GP LLC.
Who actually holds the KNOP units involved in this Form 4 filing?
The units are held by entities including Knutsen NYK Offshore Tankers AS and KNOT Offshore Partners GP LLC. These entities are linked through a joint-venture and holding-company structure, with the Form 4 attributing the positions as indirect holdings related to director Trygve Seglem.
AI-generated analysis. How Rhea-AI works. Not financial advice.
