Erik Wiik - 06 Mar 2024 Form 3 Insider Report for Koil Energy Solutions, Inc. (KLNG)

Role: President and CEO, Director
Signature: /s/ Erik Wiik
Issuer symbol: KLNG
Transactions as of: 06 Mar 2024
Net transactions value: $0
Form type: 3
Filing time: 23 Apr 2024, 09:56:18 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KLNG	Common Stock						300,000	06 Mar 2024	Direct	F1

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
holding	KLNG	Stock Options							06 Mar 2024	Common Stock	300,000	$0.5600	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock grant is subject to forfeiture - shares have time-based vesting provision where restrictions lapse with respect to one-third on March 4, 2025, March 4, 2026, and March 4, 2027, which are the first, second and third anniversaries of the date on which the Director joined the Board of Directors.
F2	Stock options subject to the Optionee's continuous service as a director through such date, one-third of the Shares vest on each of March 6, 2025, March 6, 2026, and March 6, 2027. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.