BKV Corp (BKV) executive has 3,751 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BKV Corp executive Larrick Lindsay B, the Chief Legal and Admin Officer, reported a tax-related share disposition. On the transaction date, 3,751 shares of common stock were withheld to cover tax obligations arising from the vesting of previously granted restricted stock units. This net share settlement was approved by the board of directors under Rule 16b-3, which governs insider equity transactions for compliance purposes. After this withholding, Larrick Lindsay B directly held 129,817 shares of BKV Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Larrick Lindsay B
Role
Chief Legal and Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,751 | $31.27 | $117K |
Holdings After Transaction:
Common Stock — 129,817 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BKV (BKV) report for Larrick Lindsay B?
BKV reported that executive Larrick Lindsay B disposed of shares through tax withholding. 3,751 common shares were withheld to satisfy tax obligations triggered by the vesting of previously granted restricted stock units, rather than through an open-market sale.
What is Larrick Lindsay B’s role at BKV Corp in this filing?
Larrick Lindsay B is identified as BKV Corp’s Chief Legal and Admin Officer. This role means the reporting person is a senior executive officer, and transactions in company stock must be disclosed, including equity awards and related tax-withholding dispositions like this one.
Was the BKV insider tax-withholding transaction board approved?
Yes, the tax-withholding share disposition was approved by BKV’s board of directors. The footnote states the net settlement was authorized under Rule 16b-3, which provides a framework for board-approved insider equity transactions under the Securities Exchange Act of 1934.