BKV Corp (NYSE: BKV) CAO adds 655 ESPP shares at $23.08 price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BKV Corp Chief Accounting Officer Barry S. Turcotte acquired 655 shares of common stock on June 30, 2026 through the company’s Employee Stock Purchase Plan at $23.0775 per share. Following this ESPP transaction, he directly owns 22,663 shares. The acquisition was exempt under Rule 16b-3 and was voluntarily reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turcotte Barry S.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 655 | $23.0775 | $15K |
Holdings After Transaction:
Common Stock — 22,663 shares (Direct, null)
Footnotes (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. 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
ESPP shares acquired: 655 shares
ESPP purchase price: $23.0775 per share
Direct holdings after transaction: 22,663 shares
+1 more
4 metrics
ESPP shares acquired
655 shares
Common Stock acquired on June 30, 2026 under ESPP
ESPP purchase price
$23.0775 per share
Price paid for ESPP shares on June 30, 2026
Direct holdings after transaction
22,663 shares
Total common stock held after ESPP acquisition
ESPP discount formula
85% of lesser closing price
Lesser of Jan 1, 2026 and Jun 30, 2026 closing prices
Key Terms
Employee Stock Purchase Plan, ESPP, Rule 16b-3(d), Rule 16b-3(c), +1 more
5 terms
Employee Stock Purchase Plan financial
"The shares were acquired under the BKV Corporation Employee Stock Purchase Plan ("ESPP")"
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.
ESPP financial
"these shares were purchased at a price equal to 85% of the lesser"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
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.
offering period financial
"first trading day of the offering period, January 1, 2026, or (ii) closing price"
FAQ
What insider transaction did BKV (BKV) report for Barry S. Turcotte?
BKV reported that Chief Accounting Officer Barry S. Turcotte acquired 655 shares of common stock. The shares were obtained on June 30, 2026 under the company’s Employee Stock Purchase Plan in an exempt transaction voluntarily reported by the insider.
What are Barry S. Turcotte’s total BKV (BKV) holdings after this Form 4 transaction?
After this transaction, Barry S. Turcotte directly holds 22,663 shares of BKV common stock. This total reflects his position following the acquisition of 655 shares under the Employee Stock Purchase Plan on June 30, 2026.
Was Barry S. Turcotte’s BKV (BKV) ESPP transaction exempt under SEC rules?
Yes, the shares acquired under the Employee Stock Purchase Plan were in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c). The filing also notes that Barry S. Turcotte is voluntarily reporting this ESPP acquisition.