Seglem Trygve 4

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.