SCHEDULE: Astaris Capital Discloses 6.5% Stake in KNOT Offshore

Astaris Capital Management and related entities have disclosed a 6.5% beneficial ownership stake in KNOT Offshore Partners LP as of June 30, 2025.

Summary

• Astaris Capital Management LLP, Astaris Capital Management (UK) Limited, Astaris Capital Management (Cayman) Limited, and Martin Beck collectively reported beneficial ownership of 2,207,299 Common Units Representing Limited Partner Interests in KNOT Offshore Partners LP.
• This ownership represents 6.5% of the total outstanding class of securities.
• The reporting persons hold shared voting power and shared dispositive power over all 2,207,299 units.
• The securities are directly owned by advisory clients of Astaris Capital Management LLP.
• No single advisory client is known to beneficially own more than 5% of the Common Units.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.

Future Outlook

NA

Management Comments

• The securities referred to were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates a significant passive investment by Astaris Capital Management in KNOT Offshore Partners LP, a company operating in the offshore shipping and energy services sector. Such disclosures provide transparency on institutional investor positions within the industry.

Related Party Transactions

• Astaris Capital Management (UK) Limited, Astaris Capital Management (Cayman) Limited, and Martin Beck may be considered control persons of Astaris Capital Management LLP.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, potentially influencing market perception and liquidity.

Key Dates

Keywords

KNOT Offshore Partners LP, Astaris Capital Management, Schedule 13G, Beneficial Ownership, Limited Partner Interests, Investment Management, SEC Filing, Y48125101