| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Date of Event Requiring Statement
(Month/Day/Year) 03/18/2026 | 3. Issuer Name and Ticker or Trading Symbol
KNOT Offshore Partners LP [ KNOP ] | |||||||||||||||
| 3a. Foreign Trading Symbol
[N/A] | 5. If Amendment, Date of Original Filed
(Month/Day/Year) | ||||||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Units | 9,661,255 | I | By Knutsen NYK Offshore Tankers AS(1) |
| Common Units | 90,368 | I | By KNOT Offshore Partners GP LLC(1) |
| Series A Preferred Units | 208,333 | I | By Knutsen NYK Offshore Tankers AS(1) |
| Class B Units | 252,405 | I | By Knutsen NYK Offshore Tankers AS(1) |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Explanation of Responses: |
| 1. Knutsen NYK Offshore Tanks 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. |
| Remarks: |
| Exhibit List: Exhibit 24 - Power of Attorney |
| /s/ Derek Lowe, attorney-in-fact | 03/31/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 3: SEC 1473 (03-26) | ||