BKV (BKV) HR SVP has 1,186 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BKV Corp senior vice president of human resources Busang Kristen Lee reported a tax-related share disposition. On the vesting of previously reported restricted stock units, 1,186 shares of common stock were withheld at $31.27 per share to cover tax obligations, leaving 9,123 shares owned directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Busang Kristen Lee
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,186 | $31.27 | $37K |
Holdings After Transaction:
Common Stock — 9,123 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BKV (BKV) report for Busang Kristen Lee?
BKV reported that SVP of Human Resources Busang Kristen Lee had 1,186 shares of common stock withheld to cover taxes on vested restricted stock units, leaving direct ownership of 9,123 shares after the transaction.
Was the BKV (BKV) insider transaction an open-market sale?
No. The 1,186 BKV shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock units. This is a tax-withholding disposition, not an open-market sale initiated for investment purposes.
What triggered the tax-withholding disposition reported for BKV (BKV)?
The disposition was triggered by the vesting of restricted stock units previously reported on Form 4. Shares of BKV common stock were withheld to satisfy related tax withholding obligations at the time of vesting.
Was the BKV (BKV) tax-withholding transaction approved under SEC rules?
Yes. The net share settlement for tax withholding was approved by BKV’s board of directors under Rule 16b-3 of the Securities Exchange Act of 1934, as noted in the Form 4 footnote.