David J. Douglas - Aug 2, 2023 Form 4 Insider Report for Koil Energy Solutions, Inc. (KLNG)

Role
Director, 10%+ Owner
Signature
/s/ David J. Douglas
Stock symbol
KLNG
Transactions as of
Aug 2, 2023
Transactions value $
$27,500
Form type
4
Date filed
11/14/2023, 01:47 PM
Previous filing
Nov 28, 2022
Next filing
Aug 28, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KLNG Stock Options Award $27.5K +50K +25% $0.55 250K Aug 2, 2023 COMMON STOCK 50K $0.55 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2023, November 30, 2023, February 28, 2024 and May 31, 2024. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.