[Form 4] BK Technologies Corporation Insider Trading Activity

Rhea-AI Filing Summary

Skillz Inc. (NYSE: SKLZ) disclosed in an 8-K that its Board appointed Todd A. Valli as Chief Accounting Officer, effective 14 July 2025. Valli, 51, spent the last 14 years in senior finance roles at Everi Holdings Inc., most recently as SVP Corporate Finance, Tax & CAO. His hire fills the registrant’s principal accounting leadership slot.

• Base salary: US$325,000 per year
• Annual cash bonus target: US$115,000 (pro-rated for 2025, performance-based)
• Annual equity: US$100,000 time-based RSUs (1-year cliff) + US$100,000 PSUs (1-year, performance-linked)
• Contingency: Equity grants and Valli’s designation as principal accounting officer take effect once the company becomes current with its Exchange Act filings.
• No family relationships or related-party transactions were reported.

The move strengthens accounting oversight but also signals that Skillz is not yet current with periodic SEC filings, a compliance overhang investors should note.

Insights

Financial Analyst

TL;DR: Veteran CAO hire adds finance depth; impact muted until delayed filings resolved; net neutral.

Valli’s 14-year track record managing audit, tax and SEC reporting for a listed gaming supplier should bolster Skillz’s internal controls and credibility with lenders and investors. However, all equity awards—and his formal role as principal accounting officer—are conditional on Skillz becoming current with its reports, confirming the company is still out of compliance. Until the backlog is cleared, capital-market access and investor confidence remain constrained, making this disclosure strategically important but not immediately value-accretive.

Corporate Governance Expert

TL;DR: Governance positive from seasoned hire, but compliance lapse tempers benefit; overall neutral.

Appointing a dedicated CAO aligns with governance best practices, especially for growth-stage tech firms with complex revenue recognition. Compensation is balanced between fixed pay and performance-linked equity, encouraging alignment with shareholders. Nevertheless, postponing the equity grant until SEC compliance is regained underscores governance risk: current filings are overdue, which may expose the board to additional scrutiny. The appointment is a step toward remediation, yet governance scores will not improve until timely reporting is restored.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malmanger Scott A.

(Last) (First) (Middle)

C/O BK TECHNOLOGIES CORPORATION

7100 TECHNOLOGY DRIVE

(Street)

WEST MELBOURNE FL 32904

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BK Technologies Corp [ BKTI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								13,302	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$42.81	07/10/2025		A		50,175		07/10/2030(1)	07/09/2035	Common Stock	50,175	$0	50,175	D

Explanation of Responses:

1. The option will vest and become exercisable upon achievement of certain performance-based stock price hurdles and continued employment with the issuer during the five-year performance period ending on July 10, 2030, subject to earlier vesting upon certain qualifying termination events.

	/s/ Scott A. Malmanger	07/14/2025
	** Signature of Reporting Person	Date
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