BKV Corp (BKV) CFO disposes 3,174 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BKV Corp’s Chief Financial Officer, David Tameron, reported a tax-related share disposition. On March 3, he had 3,174 shares of common stock, valued at $31.27 per share, withheld to cover tax obligations when previously granted restricted stock units vested. This net settlement was approved by the board of directors under Rule 16b-3. After the withholding, he directly holds 38,818 common shares, with an additional 300 shares reported as indirectly held through his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tameron David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,174 | $31.27 | $99K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,818 shares (Direct);
Common Stock — 300 shares (Indirect, By Son)
Footnotes (1)
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FAQ
What insider transaction did BKV (BKV) report for its CFO?
BKV reported that its CFO, David Tameron, had 3,174 common shares withheld to satisfy tax obligations from restricted stock unit vesting. The disposition reflects a tax-withholding event, not an open-market sale, and was approved under Rule 16b-3.
What does Rule 16b-3 approval mean in the BKV CFO’s Form 4 filing?
Rule 16b-3 approval means the board of directors authorized the net share settlement used to cover tax withholding. This rule provides an exemption for certain insider transactions, such as share withholding for taxes tied to equity awards like restricted stock units.
How are the BKV CFO’s indirect holdings described in the Form 4 filing?
The filing lists 300 BKV common shares as indirectly owned, noted as held “By Son.” This indicates a separate family-related account, reported as indirect ownership, distinct from the CFO’s 38,818 directly held shares after the tax-withholding event.