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FSSL FS Specialty Lending Fund Insider Trading

13 filings analyzed · Latest 2026-03-13
Insider buys
13
Insider sells
0
Unique insiders
5
Direction
Net buying
March 2026
2026-03-13
medium
Ramos Pedro A Buy
1,000 shares
$12,400
@ $12.40
Significance 5/10

Director Ramos Pedro A purchases 1,000 shares of FSSL at $12.40; 3 other insiders bought within 14 days

Director Ramos Pedro A acquired 1,000 shares at $12.40 on 2026-03-12, establishing an initial position in FS Specialty Lending Fund. This buy occurs within a 14-day window during which 3 other insiders also purchased shares, forming a cluster buying pattern. The current price of $12.38 sits -13.7% from the 52-week high and has declined -10.9% over the past 90 days, indicating the purchase occurred during a period of downward price movement. The cluster pattern of multiple insider purchases during a declining price environment warrants tracking, as it may reflect differential information or conviction held by the board and management.

2026-03-12
medium
Goldstein Richard I Buy
10,000 shares
$119,200
@ $11.92
Significance 4/10

Director Goldstein buys 10,000 FSSL shares at $11.92; stock down -6.0% in 30 days, -9.1% in 90 days

Richard I Goldstein, a director at FS Specialty Lending Fund, purchased 10,000 shares at $11.92 on 2026-03-10, doubling his stake from 10,000 to 20,000 shares. The transaction occurs as FSSL trades at $12.63, down -6.0% over 30 days and -9.1% over 90 days from the transaction date. Notably, across his prior 4 buys at this same ticker, Goldstein's timing has been consistently unsuccessful: all 4 trades showed negative 90-day returns ranging from -6.1% to -12.2%, with a 0.00% win rate at the 90-day mark. This latest purchase aligns with a cluster pattern of 3 other insiders buying within the past 14 days, though the director's historical pattern at this ticker suggests recent purchases have not preceded price appreciation.

2026-03-10
high
Goebel William Blake Buy
See Remarks
2,200 shares
$25,168
@ $11.44
Significance 6/10

FSSL insider Goebel purchases 2,200 shares at $11.44; holdings surge 457.6%; 2 other insiders bought within 14 days.

Goebel William Blake purchased 2,200 shares at $11.44, increasing his holdings from 480 shares to 2,680 shares—a 457.6% increase in position size. This transaction is noteworthy because it coincides with a cluster pattern: 2 other insiders have purchased shares within the past 14 days, suggesting multiple executives are accumulating at the same price level. The stock is currently trading at $11.96, only 4.5% above the purchase price, and has declined 16.7% from its 52-week high of $14.35, indicating the buy occurred in a period of recent weakness. The convergence of three insider purchases across a compressed timeframe warrants investor attention as it may reflect internal assessment of the company's valuation or strategic direction.

2026-03-10
medium
Forman Michael C. Buy
See Remarks
40,884 shares
$483,658
@ $11.83
Significance 5/10

Michael C. Forman purchases 40,884 shares at $11.83 in 2 separate transactions, $483.7K total, as stock trades -16.7% from 52-week high.

Forman executed 2 separate purchases totaling 40,884 shares for $483,657.72 on 2026-03-06 at $11.83 per share. The stock has declined 9.9% in the past 30 days and 12.5% over 90 days, trading at $11.96, which is -16.7% below its 52-week high of $14.35. Forman's cross-ticker buy track record shows mixed results: 12 prior buys with an average 90-day return of -4.3% and a 14.29% win rate. At FSSL specifically, his prior 4 completed buys show 1 of 4 were well-timed at the 90-day mark, with the most recent December purchase returning -10.9% over 90 days. A cluster pattern is present, with 2 other insiders also buying within the past 14 days, suggesting broader insider activity in the stock during a period of price weakness.

2026-03-09
low
Forman Michael C. Buy
See Remarks
956 shares
$11,424
@ $11.95
Significance 3/10

Forman Michael C. bought 956 shares of FSSL at $11.95; holdings now 77.8K shares. Stock down 15.5% in 90 days.

Forman Michael C. purchased 956 shares of FS Specialty Lending Fund on 2026-03-05 at $11.95, increasing his holdings to 77.8K shares. The stock is currently trading at $11.56, down 15.5% over 90 days and 19.4% from its 52-week high of $14.35. His cross-ticker track record shows buys averaging -4.3% return over 90 days with a 14.29% win rate, suggesting limited predictive value in his historical purchases. At the same-ticker level, only 1 of 3 prior measurable buys at FSSL were well-timed at the 90-day mark, with the most recent buy on 2025-12-03 returning -10.9% over 90 days. This purchase occurs in a context of deteriorating price momentum rather than recovery or stabilization.

December 2025
2025-12-12
medium
Goldstein Richard I Buy
10,000 shares
$136,200
@ $13.62
Significance 5/10

Director Goldstein Richard I purchases 10,000 shares of FSSL at $13.62, establishing first position

Goldstein Richard I, a director, purchased 10,000 shares at $13.62 on 2025-12-10, establishing a complete new position with zero prior holdings. The stock currently trades at $13.89, representing minimal price movement from the transaction. This is a meaningful first investment by a board member in a recently listed fund (21 trading days into its listing), though the absence of 52-week metrics and established trading history limits the ability to contextualize the purchase relative to longer-term valuation trends. The transaction's significance should be evaluated once more historical data accumulates and the fund establishes a fuller operational track record.

2025-12-05
high
Forman Michael C. Buy
See Remarks
8,588 shares
$114,993
@ $13.39
Significance 6/10

Forman buys 8,588 shares of FSSL at $13.39; cluster pattern with 2 other insiders in past 14 days

Michael C. Forman purchased 8,588 shares valued at $114,993.32 in a recent listing (16 trading days old), establishing a new position. This purchase is noteworthy because it is part of a cluster pattern: 2 other insiders also bought within the past 14 days, suggesting synchronized insider acquisition activity around the same period. Given the stock's very recent listing, standard valuation and momentum metrics are not yet meaningful, making the coordination of these insider purchases a more relevant signal than typical price-action context. The combination of a new insider position and the cluster buy pattern warrants attention as an indicator of insider perspective on the company during its early public trading phase.

2025-12-01
medium
Chandler Gregory P Buy
7,460 shares
$99,591
@ $13.35
Significance 6/10

Director Chandler Gregory P purchased 7,460 shares of FSSL at $13.35; cluster of 2 other insiders bought within 14 days

Director Chandler Gregory P acquired 7,460 shares valued at $99,591.00 at $13.35 per share, moving from zero to full ownership stake in this recently listed fund (12 trading days old). The transaction occurs in a cluster environment: 2 other insiders made purchases within the same 14-day window, suggesting coordinated early interest in the newly public vehicle. Since the fund is only 12 trading days into public trading, the $13.35 purchase price and current price of $13.62 represent the fund's nascent price discovery phase with no meaningful 52-week history yet. The convergence of multiple insider purchases at launch warrants attention as an indicator of initial appetite within the fund's leadership cohort during its formative public period.

November 2025
2025-11-28
high
Goldstein Richard I Buy
11,075 shares
$150,028
@ $13.55
Significance 7/10

Director Goldstein bought 11,075 shares at $13.47–$13.58 on 2025-11-25/26; holdings jump 305.8%; cluster buy pattern with 2 other insiders in 14 days.

Richard I. Goldstein, a Director of FS Specialty Lending Fund, executed three purchases totaling 11,075 shares for $150,027.50 across two trading days (2025-11-25 to 2025-11-26), raising his stake from 3,622 shares to 14,697 shares—a 305.8% increase. The purchases were made at prices ($13.47, $13.49, $13.58) very close to the current price of $13.51, indicating recent market-based transactions. Notably, two other insiders also bought within the past 14 days, forming a cluster buy pattern that suggests coordinated or independently motivated appetite among leadership. The stock is only 11 trading days into its public listing, so historical valuation and performance context is not yet available; however, the concentration of insider purchases during the early trading phase warrants investor attention to understand the fund's investment thesis and leadership conviction at launch.

2025-11-25
high
Forman Michael C. Buy
See Remarks
10,000 shares
$132,700
@ $13.27
Significance 7/10

Director Michael C. Forman buys 10,000 shares of FSSL at $13.27; cluster pattern with 2 other insider buys in past 14 days

Michael C. Forman purchased 10,000 shares at $13.27, increasing his holdings from 66,824 shares to 76,824 shares (+15.0% increase). This purchase is particularly notable because it is part of a cluster buy pattern, with 2 other insiders also buying within the past 14 days. The stock was recently listed just 9 trading days ago, so the company is in its early public phase and traditional valuation benchmarks are not yet established. Multiple insider purchases within a short window of a recent IPO or listing event often indicates initial insider confidence in the newly public enterprise, though the limited trading history means price discovery is still in progress.

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