STOCK TITAN
  1. Home
  2. Sec-filings
  3. BITF
  4. [Form 3] Bitfarms Ltd Initial Statement of Beneficial Ownership

Director Edith Hofmeister discloses Keel Infrastructure (KEEL) shares and options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Keel Infrastructure Corp. director Edith Hofmeister filed an initial ownership report showing direct holdings in the company’s equity. She reports 240,001 Common Shares held directly, plus stock options over a combined 280,000 Common Shares at exercise prices between $0.72 and $2.75 per share with expirations from 2027 through 2029. Footnotes clarify that option grants from 2022, 2023, and 2024 are fully or partially vested, with the most recent grant vesting in four equal installments through June 18, 2026.

Positive

  • None.

Negative

  • None.
Insider Hofmeister Edith
Role Director
Type Security Shares Price Value
holding Stock Options (Right to Buy) -- -- --
holding Stock Options (Right to Buy) -- -- --
holding Stock Options (Right to Buy) -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Stock Options (Right to Buy) — 120,000 shares (Direct); Common Shares — 240,001 shares (Direct)
Footnotes (1)
  1. On November 16, 2022, the reporting person was granted 120,000 stock options which have fully vested. The price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026 (at CAD 1.00 = USD 0.718). On December 22, 2023, the reporting person was granted 100,000 stock options which have fully vested. On December 18, 2024, the reporting person was granted 60,000 stock options which vest in 4 equal installments on December 18, 2024, June 18, 2025, December 18, 2025, and June 18, 2026.
Direct common shares held 240,001 Common Shares Total direct holdings following transactions
Option grant 1 120,000 shares at $0.72 Stock options expiring November 16, 2027; fully vested
Option grant 2 100,000 shares at $2.75 Stock options expiring December 22, 2028; fully vested
Option grant 3 60,000 shares at $1.87 Stock options expiring December 18, 2029; vesting in four installments
Total underlying option shares 280,000 Common Shares Combined underlying shares from three option grants
FX conversion rate CAD 1.00 = USD 0.718 Bank of Canada daily rate on March 30, 2026 for price conversion
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
Common Shares financial
"underlying_security_title: Common Shares"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.
fully vested financial
"the reporting person was granted 120,000 stock options which have fully vested"
vest in 4 equal installments financial
"60,000 stock options which vest in 4 equal installments"
Bank of Canada daily exchange rate financial
"using the Bank of Canada daily exchange rate on March 30, 2026"
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Hofmeister Edith
(Last)(First)(Middle)
120 BROADWAY
SUITE 1075
(Street)
NEW YORK NEW YORK 10004
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026		3. Issuer Name and Ticker or Trading Symbol
Keel Infrastructure Corp. [ KEEL ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares240,001D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) (1)11/16/2027Common Shares120,000$0.72(2)D
Stock Options (Right to Buy) (3)12/22/2028Common Shares100,000$2.75(2)D
Stock Options (Right to Buy) (4)12/18/2029Common Shares60,000$1.87(2)D
Explanation of Responses:
1. On November 16, 2022, the reporting person was granted 120,000 stock options which have fully vested.
2. The price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026 (at CAD 1.00 = USD 0.718).
3. On December 22, 2023, the reporting person was granted 100,000 stock options which have fully vested.
4. On December 18, 2024, the reporting person was granted 60,000 stock options which vest in 4 equal installments on December 18, 2024, June 18, 2025, December 18, 2025, and June 18, 2026.
Remarks:
Exhibit List - Exhibit 24.1 Power of Attorney
/s/ Rachel Silverstein, as attorney-in-fact04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does Edith Hofmeister’s Form 3 filing for Keel Infrastructure Corp. show?

The Form 3 shows Edith Hofmeister’s initial ownership in Keel Infrastructure Corp., including 240,001 Common Shares and several stock option grants over 280,000 underlying shares with exercise prices between $0.72 and $2.75 and expirations ranging from 2027 to 2029.

How many Keel Infrastructure Corp. common shares does Edith Hofmeister directly own?

Edith Hofmeister directly owns 240,001 Common Shares of Keel Infrastructure Corp. This figure reflects her reported direct equity stake and does not include additional exposure from stock options, which provide rights to acquire more shares at preset exercise prices.

What stock options are reported for Edith Hofmeister in Keel Infrastructure Corp.?

She reports stock options over 120,000 shares at a $0.72 exercise price, 100,000 shares at $2.75, and 60,000 shares at $1.87. These options expire between November 16, 2027, and December 18, 2029, providing long-dated rights to buy Common Shares.

Are Edith Hofmeister’s Keel Infrastructure stock options vested?

Options over 120,000 shares granted November 16, 2022, and 100,000 shares granted December 22, 2023, are fully vested. A 60,000-share grant from December 18, 2024, vests in four equal installments through June 18, 2026, according to the reported footnotes.

How was the exercise price for some Keel Infrastructure options converted to U.S. dollars?

One option exercise price was converted to U.S. dollars using the Bank of Canada daily exchange rate on March 30, 2026, at CAD 1.00 = USD 0.718. This conversion provides a consistent U.S. dollar figure for disclosure purposes in the filing.

Does the Form 3 indicate any recent buying or selling by Edith Hofmeister?

The Form 3 presents holdings and option grants but does not show explicit buy or sell transactions. It primarily establishes Edith Hofmeister’s existing Common Share position and outstanding stock options as she becomes a reporting insider of Keel Infrastructure Corp.