Forman Michael C. 4
4 · FS Specialty Lending Fund · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
FS Specialty Lending (FSSL) CEO Michael Forman Buys 956 Shares
What Happened
Michael C. Forman — Trustee, Chairman, President and CEO of FS Specialty Lending Fund (FSSL) — purchased 956 shares on 2026-03-05 in an open-market/private purchase (transaction code P) at $11.95 per share, for a total of about $11,424. This was a purchase (insider buy), a direct acquisition of stock rather than an option exercise or award.
Key Details
- Transaction date and price: 2026-03-05 at $11.95 per share.
- Reported value: approximately $11,424 (956 shares).
- Filing date: Form 4 filed 2026-03-09 — appears timely (within the standard two business days).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Notable footnotes:
- F1: Forman disclaims beneficial ownership of shares held by FS Specialty Lending Advisor, LLC beyond his pecuniary interest.
- F2: Forman is a member of The 2011 Forman Investment Trust and disclaims beneficial ownership of trust-held shares beyond his pecuniary interest.
- Remarks list Forman’s roles: Trustee, Chairman, President and Chief Executive Officer.
Context
This is a straightforward open-market purchase by the company’s CEO. The dollar amount is modest (~$11.4K), so while purchases can be interpreted as a positive sign, this is a small-sized buy and should be weighed accordingly with other insider activity and company fundamentals.
Insider Transaction Report
- Purchase
Common Stock
2026-03-05$11.95/sh+956$11,424→ 77,780 total(indirect: By IRA)
- 73,234.891
Common Stock
- 1(indirect: By LLC)
Common Stock
[F1] - 8,588(indirect: By Trust)
Common Stock
[F2]
Footnotes (2)
- [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.
- [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.