(KEY)

Role: Director, 10%+ Owner
Signature: /s/ Raj Sachdeva, Vice President, Head of GBM&T Compliance Canada
Stock symbol: KEY
Transactions as of: Dec 2, 2025
Transactions value $: -$1,046,938
Form type: 4
Date filed: 12/4/2025, 09:00 PM
Previous filing: Nov 26, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BANK OF NOVA SCOTIA	Director, 10%+ Owner	40 TEMPERANCE STREET, TORONTO, ONTARIO, CANADA	/s/ Raj Sachdeva, Vice President, Head of GBM&T Compliance Canada	2025-12-04	0000009631

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KEY	Common Shares	Disposed to Issuer	-$1.05M	-57.2K	-0.04%	$18.29	162M	Dec 2, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Disposition pursuant to the Investment Agreement by and between the Reporting Person and the Issuer, dated August 12, 2024 (the "Investment Agreement"), and related arrangements between the Reporting Person and the Issuer, pursuant to which the Reporting Person participates (in certain circumstances, automatically), on a pro rata basis, in any repurchase by the Issuer of its common shares.
F2	Amount excludes certain common shares, par value $1.00 per share, of the Issuer held by the Reporting Person on a proprietary basis and in which the Reporting Person does not have a pecuniary interest (such common shares, "Excluded Shares"). Excluded Shares were previously reported on, and this Form 4 is deemed to accordingly adjust, the Form 3 filed by the Reporting Person on January 6, 2025 (62,051 Excluded Shares) and the Form 4s filed by the Reporting Person on February 7, 2025 (50,000 Excluded Shares), November 20, 2025 (126,037 Excluded Shares) and November 26, 2025 (127,271 Excluded Shares).

Content

Disposition pursuant to the Investment Agreement by and between the Reporting Person and the Issuer, dated August 12, 2024 (the "Investment Agreement"), and related arrangements between the Reporting Person and the Issuer, pursuant to which the Reporting Person participates (in certain circumstances, automatically), on a pro rata basis, in any repurchase by the Issuer of its common shares.

Amount excludes certain common shares, par value $1.00 per share, of the Issuer held by the Reporting Person on a proprietary basis and in which the Reporting Person does not have a pecuniary interest (such common shares, "Excluded Shares"). Excluded Shares were previously reported on, and this Form 4 is deemed to accordingly adjust, the Form 3 filed by the Reporting Person on January 6, 2025 (62,051 Excluded Shares) and the Form 4s filed by the Reporting Person on February 7, 2025 (50,000 Excluded Shares), November 20, 2025 (126,037 Excluded Shares) and November 26, 2025 (127,271 Excluded Shares).

Remarks:

Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Person may be deemed to be a director-by-deputization by virtue of the Reporting Person's contractual right to nominate directors to the board of directors of the Issuer pursuant to the Investment Agreement.