BKV CEO acquires 829 shares via stock plan
BKV Corp director and CEO Christopher P. Kalnin reported acquiring 829 shares of BKV common stock on June 30, 2026 under the company’s Employee Stock Purchase Plan.
Rhea-AI Filing Summary
BKV Corp director and CEO Christopher P. Kalnin reported acquiring 829 shares of BKV common stock on June 30, 2026 under the company’s Employee Stock Purchase Plan. The shares were purchased at $23.0775 per share through this plan, which provided a 15% discount to the lower of the stock’s closing price at the start or end of the offering period. Following this ESPP transaction, Kalnin directly holds 1,198,072 shares of BKV common stock. A separate line also shows 875,754 shares of common stock held indirectly by his spouse.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 829 shares
Grant/Award
2 txns
Insider
Kalnin Christopher P
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 829 | $23.0775 | $19K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,198,072 shares (Direct);
Common Stock — 875,754 shares (Indirect, By Spouse)
Footnotes (2)
- 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.
- 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
ESPP shares acquired: 829 shares
ESPP purchase price: $23.0775 per share
Direct holdings after transaction: 1,198,072 shares
+2 more
5 metrics
ESPP shares acquired
829 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
1,198,072 shares
Total BKV common stock directly held after ESPP acquisition
Indirect spouse holdings
875,754 shares
Common stock held indirectly by spouse as reported
ESPP discount
85% of lower closing price
Plan price based on January 1, 2026 or June 30, 2026 close
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") in a transaction..."
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
"In accordance with the ESPP, these shares were purchased at a price equal to 85%..."
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
"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)..."
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
"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)."
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.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BKV (BKV) report for Christopher P. Kalnin?
BKV reported that CEO and director Christopher P. Kalnin acquired 829 shares of common stock on June 30, 2026 under the Employee Stock Purchase Plan. This was reported as an acquisition rather than an open-market trade.
What is the BKV Corporation Employee Stock Purchase Plan mentioned in the Form 4?
The Employee Stock Purchase Plan allows eligible BKV employees, including the CEO, to buy company stock at a discount. For this transaction, shares were bought at 85% of the lower closing price on January 1, 2026 or June 30, 2026, as described in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
