BKV CCO acquires shares via employee stock plan

BKV Corp Chief Commercial Officer Seimon Dilanka increased his direct stake through an employee stock purchase.

Rhea-AI Filing Summary

BKV Corp Chief Commercial Officer Seimon Dilanka increased his direct stake through an employee stock purchase. He acquired 920 shares of BKV common stock on June 30, 2026 at a price of $23.0775 per share under the company’s Employee Stock Purchase Plan. Following this ESPP transaction, he directly holds 56,013 common shares. The purchase was made at 85% of the lesser of the stock’s closing price on January 1, 2026 and June 30, 2026, and is reported as an exempt compensation-related acquisition rather than an open-market trade.

Insider Trade Summary

Grant/Award: 920 shares

Grant/Award 1 txn

Insider Seimon Dilanka

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	920	$23.0775	$21K

Holdings After Transaction: Common Stock — 56,013 shares (Direct)

Footnotes (2)

1. F1. The shares were acquired under the BKV Corporation Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). The reporting person is voluntarily reporting this transaction.
2. F2. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the lesser of (i) closing price of the Issuer's common stock on the first trading day of the offering period, January 1, 2026, or (ii) closing price of the Issuer's common stock on the last trading day of the offering period, June 30, 2026.

Key Figures

Shares acquired: 920 shares Purchase price: $23.0775 per share Post-transaction holdings: 56,013 shares +1 more

4 metrics

Shares acquired 920 shares Common stock acquired on June 30, 2026 under ESPP

Purchase price $23.0775 per share ESPP purchase price for acquired shares

Post-transaction holdings 56,013 shares Direct BKV common stock held after ESPP acquisition

ESPP discount rate 85% of reference price Price set at 85% of lower closing price on Jan 1 and Jun 30, 2026

Key Terms

Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)

3 terms

Employee Stock Purchase Plan financial

"The shares were acquired under the BKV Corporation Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Rule 16b-3(d) regulatory

"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

Rule 16b-3(c) regulatory

"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."

An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.

FAQ

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

What insider transaction did BKV (BKV) report for Seimon Dilanka?

BKV reported that Chief Commercial Officer Seimon Dilanka acquired 920 shares of common stock. The shares were obtained on June 30, 2026 through the company’s Employee Stock Purchase Plan as a compensation-related purchase, rather than an open-market transaction.

At what price did Seimon Dilanka acquire BKV (BKV) shares in the ESPP?

Seimon Dilanka acquired 920 BKV shares at $23.0775 per share. The Employee Stock Purchase Plan set the price at 85% of the lower closing price between January 1, 2026 and June 30, 2026, providing a standard employee discount.

How many BKV (BKV) shares does Seimon Dilanka hold after this Form 4 transaction?

After this transaction, Seimon Dilanka directly holds 56,013 shares of BKV common stock. The 920 shares acquired through the Employee Stock Purchase Plan represent an additional grant-style acquisition on top of his existing ownership position.

Was the BKV (BKV) ESPP acquisition by Seimon Dilanka exempt under SEC rules?

Yes. The filing states the ESPP acquisition was exempt under Rule 16b-3(d) and Rule 16b-3(c). These provisions allow certain compensation-related transactions for officers and directors to be reported as exempt from short-swing profit recovery rules.

Did Seimon Dilanka’s BKV (BKV) transaction involve open-market buying or selling?

No. The transaction reflects an acquisition of 920 shares through BKV’s Employee Stock Purchase Plan. It is described as a grant, award, or other acquisition rather than an open-market buy or sell, and the reporting is voluntary.

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

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Accepted by SEC EDGAR 07/01/2026 - 11:38 AM Learn about SEC filing dates

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^*

Seimon Dilanka

(Last) (First) (Middle)

1200 17TH STREET STE. 2100

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		A(1)		920	A	$23.0775(2)	56,013	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. The shares were acquired under the BKV Corporation Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). The reporting person is voluntarily reporting this transaction.

2. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the lesser of (i) closing price of the Issuer's common stock on the first trading day of the offering period, January 1, 2026, or (ii) closing price of the Issuer's common stock on the last trading day of the offering period, June 30, 2026.

Remarks:

	/s/ Kathleen Lenox, attorney-in-fact	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)