Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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KKR FS Income Trust (Name of Issuer) |
Common Shares of Beneficial Interest, par value $0.01 per share (Title of Class of Securities) |
48255N100 (CUSIP Number) |
04/23/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 48255N100 |
| 1 | Names of Reporting Persons
Bayshore Capital Advisors, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
FLORIDA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
483,255.81 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
0.92 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA |
Comment for Type of Reporting Person: Such percentage in Row 11 is based on an aggregate of 52,706,571.661 Class I shares (the "Class I Shares") of KKR FS Income Trust's (the "Issuer") common shares of beneficial interest (the "Shares") outstanding, which is calculated by deducting (i) 2,591,874 Class I Shares accepted for repurchase, as reported in the amendment to the tender offer statement by the Issuer filed with the SEC on April 1, 2026, from (ii) 55,298,445.661 Class I Shares issued and outstanding as of February 2, 2026, as reported in the Issuer's Form 8-K filed with the SEC on February 3, 2026. As of April 23, 2026, the percentage in row 11 is less than 5% as a result of dilution from company share issuance and from participation in the company's tender offer.
SCHEDULE 13G
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| CUSIP No. | 48255N100 |
| 1 | Names of Reporting Persons
Tready A. Smith | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
483,255.81 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
0.92 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: Tready Smith is the Chief Executive Officer of Bayshore Capital Advisors, LLC ("Bayshore Capital") and exercises sole voting and dispositive control over the securities held directly and indirectly by Bayshore Capital and may be deemed to beneficially own all of the reported Class I Shares of the Issuer's Shares. Ms. Smith expressly disclaims beneficial ownership of all Shares beneficially owned by Bayshore Capital except to the extent of her pecuniary interest therein. Such percentage in Row 11 is based on an aggregate of 52,706,571.661 Class I shares (the "Class I Shares") of KKR FS Income Trust's (the "Issuer") common shares of beneficial interest (the "Shares") outstanding, which is calculated by deducting (i) 2,591,874 Class I Shares accepted for repurchase, as reported in the amendment to the tender offer statement by the Issuer filed with the SEC on April 1, 2026, from (ii) 55,298,445.661 Class I Shares issued and outstanding as of February 2, 2026, as reported in the Issuer's Form 8-K filed with the SEC on February 3, 2026. As of April 23, 2026, the percentage in row 11 is less than 5% as a result of dilution from company share issuance and from participation in the company's tender offer.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
KKR FS Income Trust | |
| (b) | Address of issuer's principal executive offices:
3025 JFK BOULEVARD, OFC 500, PHILADELPHIA, PENNSYLVANIA 19104 | |
| Item 2. | ||
| (a) | Name of person filing:
This Schedule 13G is being filed on behalf of the following: (i) Bayshore Capital Advisors, LLC, a Florida limited liability company; and (ii) Tready A. Smith, a U.S. Citizen. The above parties are collectively referred to as the "Reporting Persons". Tready A. Smith is the Chief Executive Officer of Bayshore Capital Advisors, LLC. Tready A. Smith expressly disclaims beneficial ownership of all Class I Shares of the Issuer's Shares beneficially owned by Bayshore Capital Advisors, LLC except to the extent of her pecuniary interest therein. | |
| (b) | Address or principal business office or, if none, residence:
1700 S. MACDILL AVENUE SUITE 340 TAMPA, Florida 33629 | |
| (c) | Citizenship:
Bayshore Capital Advisors, LLC - FLORIDA Tready A. Smith - UNITED STATES | |
| (d) | Title of class of securities:
Common Shares of Beneficial Interest, par value $0.01 per share | |
| (e) | CUSIP No.:
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| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
483,255.8 | |
| (b) | Percent of class:
0.92 %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Bayshore Capital Advisors, LLC - 0 Tready A. Smith - 0 | ||
| (ii) Shared power to vote or to direct the vote:
Bayshore Capital Advisors, LLC - 483,255.8 Tready A. Smith - 483,255.8 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Bayshore Capital Advisors, LLC - 0 Tready A. Smith - 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
Bayshore Capital Advisors, LLC - 483,255.8 Tready A. Smith - 483,255.8 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. 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.
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Exhibit Information
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Joint Acquisition Statement Pursuant to Rule 13d-1(k) (incorporated by reference to Exhibit A to the Schedule 13G filed with the Securities and Exchange Commission on September 6, 2023). |