Eric S. Jacobsen - Aug 22, 2024 Form 4 Insider Report for BKV Corp (BKV)

Role
Chief Operating Officer
Signature
/s/ Kathleen Lenox, attorney-in-fact
Stock symbol
BKV
Transactions as of
Aug 22, 2024
Transactions value $
-$5,441,382
Form type
4
Date filed
10/1/2024, 03:25 PM
Next filing
Sep 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKV Common Stock Tax liability -$5.11M -180K -37.66% $28.48 297K Aug 22, 2024 Direct F1
transaction BKV Common Stock Tax liability -$328K -18.2K -6.13% $18.00 279K Sep 27, 2024 Direct F2
transaction BKV Common Stock Award $0 +35.6K +12.75% $0.00 315K Sep 27, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock, par value $0.01 per share ("Common Stock"), withheld to satisfy tax withholding obligations upon the vesting of restricted stock units. This net settlement was approved by the board of directors of the Issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2 Represents shares of Common Stock withheld to satisfy tax withholding obligations upon the vesting of restricted stock units previously reported in Table 1. This net settlement was approved by the board of directors of the Issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F3 Represents restricted stock units granted to the reporting person under the BKV Corporation 2024 Equity and Incentive Compensation Plan that vest in three equal annual installments beginning on January 1, 2025. Each restricted stock unit represents a contingent right to receive one share of Common Stock.