BKV Corp (BKV) insider buys 1,125 shares via employee stock plan

Rhea-AI Filing Summary

BKV Corp reported that its Chief Executive Officer and director acquired additional company stock through an employee plan. On 01/02/2026, the insider purchased 1,125 shares of common stock under the BKV Corporation Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3. The shares were bought at $18.8785 per share, reflecting 85% of the lesser of the closing prices on July 1, 2025 and December 31, 2025 for the offering period. After this transaction, the insider beneficially owned 1,249,705 shares directly and 875,754 shares indirectly through a spouse.

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
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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^*

Kalnin Christopher P

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A(1)		1,125	A	$18.8785(2)	1,249,705	D
Common Stock								875,754	I	By Spouse

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, July 1, 2025, or (ii) closing price of the Issuer's common stock on the last trading day of the offering period, December 31, 2025.

Remarks:

	/s/ Kathleen Lenox, attorney-in-fact	01/02/2026
	** 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 in this filing?

The filing shows that a BKV Corp Chief Executive Officer and director acquired 1,125 shares of common stock on 01/02/2026 through the company’s Employee Stock Purchase Plan.

At what price were the new BKV Corp shares purchased under the ESPP?

The 1,125 shares were purchased at a price of $18.8785 per share in accordance with the terms of the Employee Stock Purchase Plan.

How is the purchase price under BKV Corp's ESPP determined?

Under the ESPP, shares are bought at 85% of the lesser of (i) the closing price of BKV Corp common stock on the first trading day of the offering period, July 1, 2025, or (ii) the closing price on the last trading day, December 31, 2025.

How many BKV Corp shares does the insider own after this transaction?

Following the ESPP purchase, the insider beneficially owned 1,249,705 shares of BKV Corp common stock directly and 875,754 shares indirectly through a spouse.

Was this BKV Corp insider purchase exempt under SEC rules?

Yes. The filing states the shares were acquired under the ESPP in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c), and the reporting person is voluntarily reporting the transaction.

What type of filing is this insider report for BKV Corp?

This is a Form 4 filing, which reports changes in the beneficial ownership of BKV Corp equity securities by a company insider.