KNOT Offshore: Knutsen NYK buys 2.08M preferred units
KNOT Offshore Partners LP director Trygve Seglem reported that Knutsen NYK Offshore Tankers AS purchased 2,083,333 Series A Preferred Units on November 3, 2026, at $20.88 per unit.
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Form Type
4
Rhea-AI Filing Summary
KNOT Offshore Partners LP director Trygve Seglem reported that Knutsen NYK Offshore Tankers AS purchased 2,083,333 Series A Preferred Units on November 3, 2026, at $20.88 per unit. The entity held 3,541,666 Series A Preferred Units after the purchase. The report attributes the purchase to the entity, and Seglem disclaimed beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported for the purchase.
Insider Trade Summary
Net Buyer: 2,083,333 shares
Net Buy
1 txn
Insider
Seglem Trygve
Role
Director
Bought
2,083,333 shs ($43.50M)
Increase in Position
142.9%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series A Preferred Units F1 | 2,083,333 | $20.88 | $43.50M |
| Holding | Common Units F1 | -- | -- | -- |
| Holding | Common Units F1 | -- | -- | -- |
| Holding | Class B Units F1 | -- | -- | -- |
Holdings After Transaction:
Series A Preferred Units — 3,541,666 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)
Holdings Before and After:
Series A Preferred Units, 1,458,333 to 3,541,666 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 Preferred Units purchased: 2,083,333 units
Purchase price: $20.88 per unit
Series A Preferred Units held after purchase: 3,541,666 units
+3 more
6 metrics
Series A Preferred Units purchased
2,083,333 units
November 3, 2026
Purchase price
$20.88 per unit
Series A Preferred Units purchased on November 3, 2026
Series A Preferred Units held after purchase
3,541,666 units
Indirect position reported for Knutsen NYK Offshore Tankers AS on November 3, 2026
Common Units held
9,661,255 units
Indirect position reported for Knutsen NYK Offshore Tankers AS on November 3, 2026
Common Units held
90,368 units
Indirect position reported for KNOT Offshore Partners GP LLC on November 3, 2026
Class B Units held
252,405 units
Indirect position reported for Knutsen NYK Offshore Tankers AS on November 3, 2026
Key Terms
Series A Preferred Units, beneficial ownership, pecuniary interest, general partner units
4 terms
Series A Preferred Units financial
"the purchase of 2,083,333 Series A Preferred Units reported for November 3, 2026"
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.
beneficial ownership regulatory
"disclaims beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
general partner units financial
"The General Partner owns 640,278 general partner units in the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many KNOP Series A Preferred Units did Knutsen NYK Offshore Tankers AS buy, and at what price?
Knutsen NYK Offshore Tankers AS purchased 2,083,333 Series A Preferred Units on November 3, 2026, at $20.88 per unit. The purchase was reported as indirect, and no Rule 10b5-1 plan is reported for it.
How many KNOP Series A Preferred Units did Knutsen NYK Offshore Tankers AS hold after the purchase?
Its reported post-purchase position was 3,541,666 Series A Preferred Units, held indirectly by Knutsen NYK Offshore Tankers AS.
AI-generated analysis. How Rhea-AI works. Not financial advice.
