Forman Michael C. 4

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.