Banpu Power (BKV) files Form 3 for 5,315,390 BKV Corp shares

Rhea-AI Filing Summary

Banpu Power Public Company Limited and its wholly owned subsidiary Banpu Power US Corporation jointly filed an initial Form 3 reporting their beneficial ownership in BKV Corp.

The filing shows indirect ownership of 5,315,390 shares of BKV Corp common stock, held directly by Banpu Power US Corporation and indirectly by Banpu Power Public Company Limited as part of a 10% owner group. The filing records an existing stake rather than a new transaction.

SEC Form 3

FORM 3

UNITED 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

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1. Name and Address of Reporting Person^*

Banpu Power Public Co Ltd

(Last) (First) (Middle)

1200 17TH STREET, SUITE 2100

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/30/2026

3. Issuer Name and Ticker or Trading Symbol
BKV Corp [ BKV ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% owner group

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

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

	Form filed by One Reporting Person
X	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 Stock	5,315,390	I	see footnote(1)

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 Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Banpu Power Public Co Ltd

(Last) (First) (Middle)

1200 17TH STREET, SUITE 2100

(Street)

DENVER CO 80202

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% owner group

1. Name and Address of Reporting Person^*

Banpu Power US Corp

(Last) (First) (Middle)

1200 17TH STREET, SUITE 2100

(Street)

DENVER CO 80202

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% owner group

Explanation of Responses:

1. This Form 3 is being filed jointly by Banpu Power Public Company Limited ("BPP") and Banpu Power US Corporation ("BPPUS"). BPPUS is a wholly owned subsidiary of BPP. These securities are owned directly by BPPUS and indirectly by BPP.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney for Banpu Power Public Company Limited; Exhibit 24.2 - Power of Attorney for Banpu Power US Corporation.

	/s/ Kathleen Lenox, attorney-in-fact for Banpu Power Public Company Limited	01/30/2026
	/s/ Kathleen Lenox, attorney-in-fact for Banpu Power US Corporation	01/30/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What does Banpu Power disclose in its Form 3 for BKV (BKV)?

Banpu Power Public Company Limited and Banpu Power US Corporation filed a joint Form 3 reporting their beneficial ownership in BKV Corp. The filing records an existing indirect stake rather than a new purchase or sale of shares.

How many BKV Corp shares does Banpu Power report owning on Form 3?

The Form 3 reports beneficial ownership of 5,315,390 shares of BKV Corp common stock. These shares are owned directly by Banpu Power US Corporation and indirectly by Banpu Power Public Company Limited through its wholly owned subsidiary.

Who is the direct owner of the 5,315,390 BKV shares reported on Form 3?

The 5,315,390 BKV Corp common shares are owned directly by Banpu Power US Corporation. Banpu Power US Corporation is a wholly owned subsidiary of Banpu Power Public Company Limited, which is therefore an indirect owner of the same share block.

Why is the BKV Form 3 filed jointly by Banpu Power entities?

The Form 3 is filed jointly because Banpu Power US Corporation is a wholly owned subsidiary of Banpu Power Public Company Limited. The shares are held directly by the subsidiary and indirectly by the parent, so both entities are listed as reporting persons.

What is the relationship of Banpu Power to BKV Corp in this Form 3?

The reporting entities are identified as part of a 10% owner group in relation to BKV Corp. They are not listed as directors or officers of BKV Corp in the Form 3, but as beneficial owners of a significant common stock position.

Does the Banpu Power Form 3 indicate any recent BKV share transactions?

The Form 3 functions as an initial statement of beneficial ownership and does not show a specific transaction code or price. It records that 5,315,390 BKV Corp common shares are already beneficially owned, rather than detailing a new trade.