BKV Corp (BKV) officer adds 400 ESPP shares, now holds 123,717

Rhea-AI Filing Summary

BKV Corp chief corporate development officer Ethan Ngo acquired 400 shares of common stock through the Employee Stock Purchase Plan at $23.0775 per share.

The ESPP purchase was made at 85% of the plan’s reference price and is reported as a voluntary, compensation-related acquisition. After this transaction, he directly holds 123,717 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ngo Ethan

Role Chf Corporate Dev Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	400	$23.0775	$9K

Holdings After Transaction: Common Stock — 123,717 shares (Direct, null)

Footnotes (1)

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: 400 shares ESPP purchase price: $23.0775 per share Shares held after transaction: 123,717 shares

3 metrics

ESPP shares acquired 400 shares Common Stock acquired on June 30, 2026

ESPP purchase price $23.0775 per share Price under Employee Stock Purchase Plan

Shares held after transaction 123,717 shares Direct ownership following ESPP acquisition

Key Terms

Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), offering period

4 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.

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"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 11:29 AM Accepted by SEC EDGAR 07/01/2026 - 11:28 AM Learn about SEC filing dates

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^*

Ngo Ethan

(Last) (First) (Middle)

1200 17TH STREET, SUITE 2100

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chf Corporate Dev Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A(1)		400	A	$23.0775(2)	123,717	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. 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, 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.

Remarks:

	/s/ Kathleen Lenox, attorney-in-fact	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BKV (BKV) report for Ethan Ngo?

BKV reported that chief corporate development officer Ethan Ngo acquired 400 common shares through the Employee Stock Purchase Plan. This compensation-related transaction increased his direct holdings to 123,717 shares and was voluntarily reported as an exempt acquisition under Rule 16b-3.

At what price were Ethan Ngo’s new BKV (BKV) shares acquired?

The 400 BKV common shares were acquired at $23.0775 per share under the Employee Stock Purchase Plan. The plan set the purchase price at 85% of the lesser of the closing prices on January 1, 2026 and June 30, 2026.

How many BKV (BKV) shares does Ethan Ngo hold after this ESPP transaction?

After the Employee Stock Purchase Plan acquisition, Ethan Ngo directly holds 123,717 BKV common shares. This filing reflects an incremental increase of 400 shares, highlighting his ongoing equity participation as chief corporate development officer through the company’s ESPP program.

What type of transaction was reported for BKV (BKV) on this Form 4?

The Form 4 reports an acquisition coded “A,” described as a grant, award, or other acquisition. In this case, it documents an Employee Stock Purchase Plan purchase, treated as a compensation-related, exempt transaction rather than an open-market buy order.

How is the BKV (BKV) ESPP price determined for Ethan Ngo’s shares?

Under the ESPP, shares were purchased at 85% of the lesser of two closing prices: the first trading day of the offering period, January 1, 2026, or the last trading day, June 30, 2026. This discount structure provided Ngo the $23.0775 per-share purchase price.