Director Trygve Seglem filed a Form 4 with the SEC on November 4, 2026, disclosing a purchase of Series A Preferred Units in KNOT Offshore Partners LP (NYSE:KNOP) dated November 3, 2026.

Key Highlights

  • Transaction: 2,083,333 Series A Preferred Units acquired (transaction code P) at $20.88 per unit on November 3, 2026, indirectly through Knutsen NYK Offshore Tankers AS.
  • Post-transaction preferred holding: Beneficial ownership of Series A Preferred Units stands at 3,541,666 units following the reported transaction, held indirectly through Knutsen NYK Offshore Tankers AS.
  • Common unit holdings: 9,661,255 Common Units held indirectly through Knutsen NYK Offshore Tankers AS, plus 90,368 Common Units held indirectly through KNOT Offshore Partners GP LLC.
  • Class B Units: 252,405 Class B Units held indirectly through Knutsen NYK Offshore Tankers AS.
  • Ownership structure: Knutsen NYK Offshore Tankers AS owns 100% of KNOT Offshore Partners GP LLC, the general partner of KNOT Offshore Partners LP; Seglem's interest flows through TS Shipping Invest AS, a wholly owned subsidiary of Seglem Holding AS, of which Trygve Seglem owns 70%.
  • Disclaimer: The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Trygve Seglem's November 2026 Series A Preferred Unit Purchase in KNOT Offshore Partners

According to the filing, Trygve Seglem, identified as a Director of KNOT Offshore Partners LP (NYSE:KNOP), reported the acquisition of 2,083,333 Series A Preferred Units on November 3, 2026, at a price of $20.88 per unit. The transaction was coded "P" (open market or private purchase) and was executed indirectly through Knutsen NYK Offshore Tankers AS ("KNOT"). Following this transaction, the filing discloses that Seglem's indirectly held Series A Preferred Units total 3,541,666.

The filing further reports that, in addition to the preferred units, Seglem beneficially owns 9,661,255 Common Units and 252,405 Class B Units indirectly through Knutsen NYK Offshore Tankers AS, as well as 90,368 Common Units indirectly through KNOT Offshore Partners GP LLC. No direct ownership of any class of securities is reported.

The filing explains the ownership chain: Knutsen NYK Offshore Tankers AS is a joint venture between NYK Holding (Europe) B.V. and TS Shipping Invest AS ("TSSI"), each holding a 50% interest. TSSI is a wholly owned subsidiary of Seglem Holding AS, of which Trygve Seglem owns 70%, with the remainder held by members of his immediate family. The filing notes that KNOT owns 100% of KNOT Offshore Partners GP LLC, the general partner of KNOT Offshore Partners LP, and that the General Partner holds 640,278 general partner units in the issuer.

What Was Disclosed

Trygve Seglem, a Director, reported an indirect purchase of 2,083,333 Series A Preferred Units at $20.88 each in KNOT Offshore Partners LP on November 3, 2026, bringing his indirectly held preferred unit total to 3,541,666, alongside previously held common and Class B units.