BKV SVP granted 9,675 restricted stock units

Busang Kristen Lee reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/12/2026 - 01:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Busang Kristen Lee reported acquisition or exercise transactions in this Form 4 filing.

BKV Corp reported that SVP of Human Resources Busang Kristen Lee received a grant of 9,675 shares of common stock in the form of restricted stock units. These units vest in three equal annual installments starting on March 10, 2027, bringing Lee's direct holdings to 18,798 shares after the award.

Insider Trade Summary

Grant/Award: 9,675 shares

Grant/Award 1 txn

Insider Busang Kristen Lee

Role SVP, Human Resources

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,675	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,798 shares (Direct)

Holdings Before and After: Common Stock, 9,123 to 18,798 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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What did BKV (BKV) disclose about Busang Kristen Lee in this Form 4?

BKV disclosed that SVP of Human Resources Busang Kristen Lee received a grant of 9,675 restricted stock units of common stock. The award is part of the BKV Corporation 2024 Equity and Incentive Compensation Plan and increases Lee’s direct holdings to 18,798 common shares after the transaction.

How many BKV restricted stock units were granted to Busang Kristen Lee?

Busang Kristen Lee was granted 9,675 restricted stock units of BKV common stock. Each unit represents a right to receive one common share. The grant price is recorded as $0.00 per share, reflecting a compensation award rather than an open-market purchase transaction.

When do the BKV restricted stock units granted to Busang Kristen Lee vest?

The 9,675 restricted stock units granted to Busang Kristen Lee vest in three equal annual installments beginning on March 10, 2027. This means one-third of the units becomes earned each year over three years, subject to the terms of the 2024 Equity and Incentive Compensation Plan.

What does each restricted stock unit represent in this BKV Form 4 filing?

Each restricted stock unit granted to Busang Kristen Lee represents a contingent right to receive one share of BKV common stock. The common stock has a par value of $0.01 per share, and delivery of shares occurs as the units vest over the three-year schedule.

How many BKV shares does Busang Kristen Lee own after this Form 4 transaction?

After the reported grant of 9,675 restricted stock units, Busang Kristen Lee directly holds 18,798 shares of BKV common stock. This total reflects the updated ownership position following the award, as disclosed in the Form 4 non-derivative transaction table for common stock.

Is the BKV Form 4 transaction a market purchase or a compensation grant?

The BKV Form 4 transaction is a compensation-related grant, not a market purchase. The filing labels the code as “A” for grant, award, or other acquisition, with a per-share price of $0.00, indicating restricted stock units issued under the 2024 Equity and Incentive Compensation Plan.

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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)
03/10/2026

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		9,675(1)	A	$0	18,798	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.
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