BKV SVP has 1,186 shares withheld for taxes

BKV Corp senior vice president of human resources Busang Kristen Lee reported a tax-related share disposition.

Accepted by SEC EDGAR 03/04/2026 - 06:21 PM EST Learn about SEC filing dates

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.

Insider Trade Summary

Exercise Price or Tax Liability: 1,186 shares

Exercise Price or Tax Liability 1 txn

Insider Busang Kristen Lee

Role SVP, Human Resources

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,186	$31.27	$37K

Holdings After Transaction: Common Stock — 9,123 shares (Direct)

Holdings Before and After: Common Stock, 10,309 to 9,123 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock, par value $0.01 per share ("Common Stock"), withheld to satisfy tax withholding obligations upon the vesting of restricted stock units previously reported on Form 4. This net settlement was approved by the board of directors of the Issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

At what price were the withheld BKV (BKV) shares valued in the Form 4?

The 1,186 BKV common shares withheld for taxes were valued at $31.27 per share. This valuation is used for reporting the tax-withholding disposition related to the vesting of previously reported restricted stock units.

How many BKV (BKV) shares does Busang Kristen Lee own after the transaction?

After the tax-related withholding of 1,186 shares, Busang Kristen Lee directly owns 9,123 shares of BKV common stock. This post-transaction balance reflects her remaining equity stake reported in the Form 4.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Busang Kristen Lee

(Last) (First) (Middle)

1200 17TH STREET, SUITE 2100

(Street)

DENVER CO 80202

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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	03/03/2026		F		1,186(1)	D	$31.27	9,123	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

Explanation of Responses:

1. Represents shares of common stock, par value $0.01 per share ("Common Stock"), withheld to satisfy tax withholding obligations upon the vesting of restricted stock units previously reported on Form 4. This net settlement was approved by the board of directors of the Issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

Remarks:

	/s/ Kathleen Lenox, attorney-in-fact	03/04/2026
	** 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 4 (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.