# EDGAR Filing Document

**Accession Number:** 0002040734
**File Stem:** 0000919574-25-004364
**Filing Date:** 2025-8
**Character Count:** 15665
**Document Hash:** c92c6cf35b5f144a4f95176ff4c53e3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-004364.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0000919574-25-004364

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KNOT Offshore Partners LP
- **CENTRAL INDEX KEY:** 0001564180
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATER TRANSPORTATION [4400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 1T
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-87436
- **FILM NUMBER:** 251184385

**BUSINESS ADDRESS:**
- **STREET 1:** 2 QUEEN'S CROSS
- **CITY:** ABERDEEN
- **STATE:** X0
- **ZIP:** AB15 4YB
- **BUSINESS PHONE:** 44 1224 618420

**MAIL ADDRESS:**
- **STREET 1:** 2 QUEEN'S CROSS
- **CITY:** ABERDEEN
- **STATE:** X0
- **ZIP:** AB15 4YB
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Astaris Capital Management LLP
- **CENTRAL INDEX KEY:** 0002040734

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3 TILNEY STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1K1BQ
- **BUSINESS PHONE:** 44 20 7590 5400

**MAIL ADDRESS:**
- **STREET 1:** 3 TILNEY STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1K1BQ

## Ex-99

<u>Exhibit A</u>

<u>JOINT FILING AGREEMENT</u>

The undersigned agree that this Schedule 13G Amendment No. 1 dated August 5, 2025 relating to the Common Units Representing Limited Partner Interests, of KNOT Offshore Partners LP shall be filed on behalf of the undersigned.

---

| |
|:---|
| &nbsp;&nbsp; ASTARIS CAPITAL MANAGEMENT LLP<br>By: /s/ Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Partner & Designated Member |

---

---

| |
|:---|
| &nbsp;&nbsp; ASTARIS CAPITAL MANAGEMENT (UK) LIMITED<br>By: /s/ Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director |

---

---

| |
|:---|
| &nbsp;&nbsp; ASTARIS CAPITAL MANAGEMENT (CAYMAN) LIMITED<br>By: /s/ Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Martin Beck |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director |

---

&nbsp;&nbsp; MARTIN BECK<br>By: /s/ Martin Beck<br>

## Ex-99

<u>Exhibit B</u>

Astaris Capital Management LLP is the relevant entity for which each of Astaris Capital Management (UK) Limited, Astaris Capital Management (Cayman) Limited and Martin Beck may be considered a control person.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** KNOT Offshore Partners LP

**Title of Class of Securities:** Common Units Representing Limited Partner Interests

**CUSIP Number:** Y48125101

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Astaris Capital Management LLP | Names of Reporting Persons<br>Astaris Capital Management LLP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X0 | Citizenship or Place of Organization<br>X0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2207299.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2207299.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.5% | Percent of Class Represented by Amount in Row (9)<br>6.5% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Astaris Capital Management (UK) Limited | Names of Reporting Persons<br>Astaris Capital Management (UK) Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X0 | Citizenship or Place of Organization<br>X0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2207299.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2207299.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.5% | Percent of Class Represented by Amount in Row (9)<br>6.5% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, CO | Type of Reporting Person (See Instructions)<br>HC, CO |

---

| 1. | Names of Reporting Persons<br>Astaris Capital Management (Cayman) Limited | Names of Reporting Persons<br>Astaris Capital Management (Cayman) Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2207299.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2207299.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.5% | Percent of Class Represented by Amount in Row (9)<br>6.5% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, CO | Type of Reporting Person (See Instructions)<br>HC, CO |

---

| 1. | Names of Reporting Persons<br>Martin Beck | Names of Reporting Persons<br>Martin Beck |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X0 | Citizenship or Place of Organization<br>X0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2207299.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2207299.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2207299.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.5% | Percent of Class Represented by Amount in Row (9)<br>6.5% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

**Item 1(a). Name of Issuer:**
KNOT Offshore Partners LP

**Item 1(b). Address of Issuer's Principal Executive Offices:**
2 Queens Cross, Aberdeen, AB15 4YB, United Kingdom

**Item 2(a). Name of Person Filing:**
Astaris Capital Management LLP
Astaris Capital Management (UK) Limited
Astaris Capital Management (Cayman) Limited
Martin Beck

**Item 2(b). Address of Principal Business Office:**
Astaris Capital Management LLP
3 Tilney Street
London W1K 1BQ
United Kingdom

Astaris Capital Management (UK) Limited
3 Tilney Street
London W1K 1BQ
United Kingdom

Astaris Capital Management (Cayman) Limited
P.O. Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands

Martin Beckc/o Astaris Capital Management LLP
3 Tilney Street
London W1K 1BQ
United Kingdom

**Item 2(c). Citizenship:**
Astaris Capital Management LLP - United Kingdom
Astaris Capital Management (UK) Limited - United Kingdom
Astaris Capital Management (Cayman) Limited - Cayman Islands
Martin Beck - United Kingdom

**Item 2(d). Title of Class of Securities:**
Common Units Representing Limited Partner Interests

**Item 2(e). CUSIP Number:**
Y48125101

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Astaris Capital Management LLP - 2,207,299
Astaris Capital Management (UK) Limited - 2,207,299
Astaris Capital Management (Cayman) Limited - 2,207,299
Martin Beck - 2,207,299

**(b) Percent of class:**

Astaris Capital Management LLP - 6.5%
Astaris Capital Management (UK) Limited - 6.5%
Astaris Capital Management (Cayman) Limited - 6.5%
Martin Beck - 6.5%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Astaris Capital Management LLP - 0
Astaris Capital Management (UK) Limited - 0
Astaris Capital Management (Cayman) Limited - 0
Martin Beck - 0

**(ii) Shared power to vote or to direct the vote:**

Astaris Capital Management LLP - 2,207,299
Astaris Capital Management (UK) Limited - 2,207,299
Astaris Capital Management (Cayman) Limited - 2,207,299
Martin Beck - 2,207,299

**(iii) Sole power to dispose or to direct the disposition of:**

Astaris Capital Management LLP - 0
Astaris Capital Management (UK) Limited - 0
Astaris Capital Management (Cayman) Limited - 0
Martin Beck - 0

**(iv) Shared power to dispose or to direct the disposition of:**

Astaris Capital Management LLP - 2,207,299
Astaris Capital Management (UK) Limited - 2,207,299
Astaris Capital Management (Cayman) Limited - 2,207,299
Martin Beck - 2,207,299

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

All of the securities reported in this Schedule 13G Amendment No. 1 are directly owned by advisory clients of Astaris Capital Management LLP. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Units Representing Limited Partner Interests.

**Item 7. Identification and Classification of the Subsidiary**

Please see Exhibit B attached hereto.

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Astaris Capital Management LLP**

**Date:** 08/05/2025

**By:** By: /s/ Martin Beck

**Name & Title:** Martin Beck / Partner & Designated Member

**Astaris Capital Management (UK) Limited**

**Date:** 08/05/2025

**By:** By: /s/ Martin Beck

**Name & Title:** Martin Beck / Director

**Astaris Capital Management (Cayman) Limited**

**Date:** 08/05/2025

**By:** By: /s/ Martin Beck

**Name & Title:** Martin Beck / Director

**Martin Beck**

**Date:** 08/05/2025

**By:** By: /s/ Martin Beck

**Name & Title:** Martin Beck