Ethan Ngo granted 15,203 RSUs at BKV Corp (BKV: BKV)

Rhea-AI Filing Summary

Ngo Ethan reported acquisition or exercise transactions in this Form 4 filing.

BKV Corp reported that Chief Corporate Development Officer Ethan Ngo received a grant of 15,203 restricted stock units of common stock at no cash cost. These RSUs were granted under the 2024 Equity and Incentive Compensation Plan and vest in three equal annual installments beginning on March 10, 2027. Each unit represents a right to receive one share of common stock. After this award, Ngo directly owns 123,317 shares of BKV Corp common stock.

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

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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^*

Ngo Ethan

(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)
	Chf Corporate Dev Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A		15,203(1)	A	$0	123,317	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 restricted stock units granted to the reporting person under the BKV Corporation 2024 Equity and Incentive Compensation Plan that vest in three equal annual installments beginning on March 10, 2027. Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share.

Remarks:

	/s/ Kathleen Lenox, attorney-in-fact	03/12/2026
	** 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.

FAQ

What insider transaction did BKV (BKV) report for Ethan Ngo on this Form 4?

The Form 4 shows that BKV’s Chief Corporate Development Officer, Ethan Ngo, received a grant of 15,203 restricted stock units of common stock. This is a compensation-related award, not an open-market purchase or sale, and was issued at no cash cost to him.

How many BKV Corp restricted stock units were granted to Ethan Ngo?

BKV Corp granted 15,203 restricted stock units to executive Ethan Ngo. Each unit represents a contingent right to receive one share of common stock, providing stock-based compensation that aligns his interests with shareholders through future share delivery as the units vest.

When do Ethan Ngo’s BKV restricted stock units vest?

The restricted stock units granted to Ethan Ngo vest in three equal annual installments beginning on March 10, 2027. This means one-third of the 15,203 units becomes payable as common stock each year over the three-year vesting schedule.

What equity plan governs Ethan Ngo’s RSU grant at BKV Corp?

The RSU grant to Ethan Ngo was made under the BKV Corporation 2024 Equity and Incentive Compensation Plan. This plan provides stock-based awards like restricted stock units to executives and employees as part of their long-term incentive compensation structure.

How many BKV Corp shares does Ethan Ngo hold after this RSU award?

After the reported grant, Ethan Ngo directly owns 123,317 shares of BKV Corp common stock. This total reflects his holdings following the addition of the 15,203 restricted stock units reported in the Form 4 insider transaction filing.

Does the BKV Form 4 reflect a market buy or sell by Ethan Ngo?

No, the Form 4 reflects a grant of 15,203 restricted stock units to Ethan Ngo at a price per share of $0.00. It is a compensation award, not an open-market purchase or sale of BKV Corp common stock.