Keel Infrastructure CEO acquires 215,579 shares

Keel Infrastructure Corp. Chief Executive Officer Benjamin Gagnon exercised derivative awards covering 215,579 shares of common stock at a price of $0.00 per share.

Accepted by SEC EDGAR 07/14/2026 - 12:22 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Keel Infrastructure Corp. Chief Executive Officer Benjamin Gagnon exercised derivative awards covering 215,579 shares of common stock at a price of $0.00 per share. Following the transactions, he holds 1,288,848 common shares directly and 431,159 restricted stock units that vest yearly in three equal installments starting July 10, 2026.

Insider Trade Summary

215,579 shares exercised/converted

Exercise 2 txns

Insider Gagnon Benjamin

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2	215,579	$0.00	$0.00
Exercise	Common Stock	215,579	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 431,159 contracts (Direct); Common Stock — 1,288,848 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election.
2. F2. Represents RSUs that vest yearly in three equal installments starting July 10, 2026.

Key Figures

Common shares acquired: 215,579 shares Direct common shares held after: 1,288,848 shares Restricted stock units held after: 431,159 RSUs +2 more

5 metrics

Common shares acquired 215,579 shares Derivative exercise/conversion of awards on July 10, 2026

Direct common shares held after 1,288,848 shares CEO direct ownership following reported transactions

Restricted stock units held after 431,159 RSUs RSU balance following July 10, 2026 transactions

Transaction price per share $0.00 per share Reported price for common stock acquired via derivative exercise

RSU vesting installments 3 installments RSUs vest yearly in three equal installments starting July 10, 2026

Key Terms

Restricted Stock Units, contingent right, equivalent value in cash, vest yearly

4 terms

Restricted Stock Units financial

"Represents RSUs that vest yearly in three equal installments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each RSU represents a contingent right to receive one share"

equivalent value in cash financial

"one share of common stock or an equivalent value in cash"

vest yearly financial

"Represents RSUs that vest yearly in three equal installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KEEL CEO Benjamin Gagnon report?

CEO Benjamin Gagnon exercised derivative awards for 215,579 shares of Keel Infrastructure common stock at $0.00 per share, increasing his equity exposure through compensation-related awards rather than by buying or selling shares in the open market.

How many KEEL common shares does the CEO hold after this Form 4?

After the reported transactions, Benjamin Gagnon directly holds 1,288,848 shares of Keel Infrastructure common stock. This figure reflects his direct ownership position following the derivative exercise recorded on July 10, 2026.

How many restricted stock units does the KEEL CEO retain?

Benjamin Gagnon retains 431,159 restricted stock units (RSUs) after the transactions. Each RSU represents a right to receive one share of common stock or an equivalent value in cash, at Keel Infrastructure’s election.

What are the vesting terms of the KEEL restricted stock units?

The reported RSUs vest yearly in three equal installments starting July 10, 2026. This means the award is structured to deliver value over three years, contingent on meeting the time-based vesting schedule.

Did the KEEL CEO sell any shares in this Form 4 filing?

No sales are reported. The Form 4 shows acquisitions via derivative exercise (transaction code M) and updated holdings, with no transactions coded as sales or dispositions, and no tax-withholding share dispositions disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Gagnon Benjamin

(Last) (First) (Middle)

120 BROADWAY

SUITE 1075

(Street)

NEW YORK NEW YORK 10004

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Keel Infrastructure Corp. [ KEEL ]

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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	07/10/2026		M		215,579	A	$0	1,288,848	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
Restricted Stock Units	(1)	07/10/2026		M			215,579	(2)	(2)	Common Stock	215,579	$0	431,159	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election.

2. Represents RSUs that vest yearly in three equal installments starting July 10, 2026.

Remarks:

	/s/ Rachel Silverstein, as attorney-in-fact	07/14/2026
	** 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)