Seglem Trygve 4
4 · KNOT Offshore Partners LP · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
KNOT Offshore Partners (KNOP) Director Trygve Seglem Buys 1.25M Shares
What Happened
Trygve Seglem, a director of KNOT Offshore Partners LP (KNOP), reported an open-market purchase of 1,250,000 common units on 2026-06-15 at $20.00 per share, for a total transaction value of $25,000,000. The Form 4 was filed on 2026-06-16 (timely under Section 16 reporting rules). This was a straight purchase (transaction code P), which investors often regard as a positive signal since insiders are buying company stock, though no motive is disclosed.
Key Details
- Transaction date: 2026-06-15; Filing date (Form 4): 2026-06-16 (timely).
- Shares purchased: 1,250,000 at $20.00 per share; Total cost: $25,000,000.
- Transaction type/code: Open-market purchase (P).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnote: The filing notes complex indirect ownership through Knutsen NYK Offshore Tankers AS (KNOT) and related entities; Seglem disclaims beneficial ownership except to the extent of his pecuniary interest (see footnote F1).
- No 10b5-1 plan, tax-withholding sale, exercise, gift, or other derivative action is indicated in the provided data.
Context
The footnote describes an ownership chain: Knutsen NYK Offshore Tankers AS owns the general partner of KNOP, and Seglem has an indirect economic interest via Seglem Holding AS (70% owned by Trygve Seglem). The filing includes a disclaimer that the reporting person disclaims beneficial ownership of certain securities except for pecuniary interest. Purchases by directors can be informative to retail investors, but the filing contains no statement of intent or plan for these shares.
Insider Transaction Report
- Purchase
Series A Preferred Units
[F1]2026-06-15$20.00/sh+1,250,000$25,000,000→ 1,458,333 total(indirect: By Knutsen NYK Offshore Tankers AS)
- 9,661,255(indirect: By Knutsen NYK Offshore Tankers AS)
Common Units
[F1] - 90,368(indirect: By LLC)
Common Units
[F1] - 252,405(indirect: By Knutsen NYK Offshore Tankers AS)
Class B Units
[F1]
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.