Keel Infrastructure president awarded options, RSUs

Keel Infrastructure Corp.’s president, Aiyer Ganesh, received equity compensation consisting of 100,000 stock options and 259,516 restricted stock units (RSUs).

Rhea-AI Filing Summary

Keel Infrastructure Corp.’s president, Aiyer Ganesh, received equity compensation consisting of 100,000 stock options and 259,516 restricted stock units (RSUs). The options carry a $4.5600 exercise price, expire on July 9, 2031, and vest 100% on January 9, 2027. The RSUs vest in tranches on January 9, 2027, July 9, 2027, and January 9, 2028, and each RSU represents a right to one common share or equivalent cash at the company’s election. Following these grants, Ganesh directly holds derivative rights over the same number of underlying common shares.

Insider Trade Summary

Grant/Award: 359,516 shares

Grant/Award 2 txns

Insider Aiyer Ganesh

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	259,516	$0.00	$0.00
Grant/Award	Stock Options (Right to Buy) F3	100,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 259,516 contracts (Direct); Stock Options (Right to Buy) — 100,000 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share or an equivalent value in cash at the issuer's election.
2. F2. The RSUs will vest as follows: 129,758 on January 9, 2027; 64,879 on July 9, 2027; and 64,879 on January 9, 2028.
3. F3. The stock options will vest 100% on January 9, 2027.

Key Figures

Stock options granted: 100,000 shares Option exercise price: $4.5600 per share Option expiration date: July 9, 2031 +4 more

7 metrics

Stock options granted 100,000 shares Stock Options (Right to Buy) granted to president on July 9, 2026

Option exercise price $4.5600 per share Conversion or exercise price for 100,000 stock options

Option expiration date July 9, 2031 Expiration date of the 100,000 stock options

RSUs granted 259,516 units Restricted Stock Units granted to president on July 9, 2026

RSU vesting 1 129,758 units RSUs vesting on January 9, 2027

RSU vesting 2 64,879 units RSUs vesting on July 9, 2027

RSU vesting 3 64,879 units RSUs vesting on January 9, 2028

Key Terms

Restricted Stock Units, Stock Options (Right to Buy, exercise price, contingent right

4 terms

Restricted Stock Units financial

"The RSUs will vest as follows: 129,758 on January 9, 2027;"

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.

Stock Options (Right to Buy financial

"security_title": "Stock Options (Right to Buy)""

exercise price financial

"conversion_or_exercise_price": "4.5600""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

contingent right financial

"Each restricted stock unit ("RSU") represents a contingent right"

FAQ

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

What equity awards did Keel Infrastructure (KEEL) president Aiyer Ganesh receive?

Aiyer Ganesh received 100,000 stock options and 259,516 restricted stock units (RSUs) as equity compensation. Each RSU represents a right to one common share or equivalent cash, providing a mix of option-based and full-value awards tied to future service and performance.

What are the key terms of the Keel Infrastructure (KEEL) stock options granted to Aiyer Ganesh?

The grant covers 100,000 stock options with an exercise price of $4.5600 per share, expiring on July 9, 2031. These options vest 100% on January 9, 2027, aligning Ganesh’s potential upside with the company’s longer-term share performance.

How do the restricted stock units granted by Keel Infrastructure (KEEL) to Aiyer Ganesh vest?

The 259,516 RSUs vest in three tranches: 129,758 on January 9, 2027, 64,879 on July 9, 2027, and 64,879 on January 9, 2028. This staggered schedule encourages continued service over the multi‑year period.

Do the Keel Infrastructure (KEEL) RSUs give Aiyer Ganesh shares or cash?

Each RSU represents a contingent right to receive one common share or an equivalent value in cash, at the company’s election. This flexibility lets Keel Infrastructure settle the awards either in equity or cash when the RSUs vest.

Are Aiyer Ganesh’s Keel Infrastructure (KEEL) equity awards open-market share purchases?

No. The Form 4 shows grant/award acquisitions of stock options and RSUs, not open-market purchases or sales. These are compensation-related awards provided by Keel Infrastructure, with no reported cash paid by Ganesh in the transactions disclosed.

What are Aiyer Ganesh’s post-grant derivative holdings in Keel Infrastructure (KEEL)?

After the reported awards, Ganesh directly holds derivative rights over 100,000 underlying shares via stock options and 259,516 underlying shares via RSUs. These positions reflect only the equity awards reported in this Form 4, all subject to their stated vesting conditions.

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

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Accepted by SEC EDGAR 07/13/2026 - 09:20 PM 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^*

Aiyer Ganesh

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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

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)	07/09/2026		A		259,516		(2)	(2)	Common Stock	259,516	$0	259,516	D
Stock Options (Right to Buy)	$4.56	07/09/2026		A		100,000		(3)	07/09/2031	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

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

2. The RSUs will vest as follows: 129,758 on January 9, 2027; 64,879 on July 9, 2027; and 64,879 on January 9, 2028.

3. The stock options will vest 100% on January 9, 2027.

	/s/ Rachel Silverstein, as attorney-in-fact	07/13/2026
	** 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)