Pattern Question - stitch related

I have the stitch pattern that I need help in understanding:

K2tog, k3, k into (front, back, front) of the next st, k3, SKP

The bolded information is what confuses me. Would that be the bar increase??

any help is appreciated!!

Thanks!
Lexie

Close, it’s a bar increase (kfb) with an extra k through the front loop to make 3 stitches out of 1 instead of 2 stitches out of 1.