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Keel Infrastructure Corp. (KEEL) COO receives 76,424 shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Keel Infrastructure Corp. Chief Operating Officer Liam Daniel Wilson reported compensation-related equity activity on July 10, 2026. He acquired 76,424 shares of common stock through the exercise of restricted stock units, which vest yearly in three equal installments starting July 10, 2026. To satisfy tax obligations, 32,687 shares were withheld by the issuer at $4.67 per share rather than sold in the open market. After these transactions, he holds 43,737 common shares directly and 152,849 RSUs, each RSU representing a contingent right to one share or cash at the issuer’s election.

Positive

  • None.

Negative

  • None.
Insider WILSON LIAM DANIEL
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 76,424 $0.00 --
Exercise Common Stock 76,424 $0.00 --
Tax Withholding Common Stock 32,687 $4.67 $153K
Holdings After Transaction: Restricted Stock Units — 152,849 shares (Direct); Common Stock — 76,424 shares (Direct)
Footnotes (1)
  1. Represents shares of common stock withheld by the issuer to satisfy tax withholding upon the vesting of restricted stock units ("RSUs"). The price was converted into its U.S. Dollar equivalent using an exchange rate on July 10, 2026 at CAD 1.00 = USD 0.7058. Each RSU represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election. Represents RSUs that vest yearly in three equal installments starting July 10, 2026.
RSU Shares Vested 76,424 shares Common stock received on July 10, 2026 from RSU conversion
Shares Withheld for Taxes 32,687 shares Common shares withheld to satisfy tax obligations at $4.67 per share
Tax Withholding Price $4.67 per share Value used for shares withheld on July 10, 2026
Common Shares Held After Transaction 43,737 shares Direct common stock holdings of Liam Daniel Wilson following transactions
RSUs Outstanding After Transaction 152,849 RSUs Restricted Stock Units remaining after partial vesting on July 10, 2026
FX Rate Used CAD 1.00 = USD 0.7058 Exchange rate applied to convert the transaction price into U.S. dollars
Restricted Stock Units financial
"Represents shares of common stock withheld upon the vesting of restricted stock units"
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.
tax withholding financial
"withheld by the issuer to satisfy tax withholding upon the vesting of RSUs"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
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FAQ

What insider equity transactions did KEEL’s COO report on July 10, 2026?

Keel Infrastructure (KEEL) COO Liam Daniel Wilson reported RSU vesting on July 10, 2026. He received 76,424 common shares from restricted stock units, while 32,687 shares were withheld by the issuer for taxes, with no open-market buys or sells disclosed.

How many Keel Infrastructure (KEEL) shares were withheld for taxes and at what value?

The issuer withheld 32,687 shares of Keel Infrastructure common stock to cover tax obligations at $4.67 per share. The price was converted to U.S. dollars using an exchange rate of CAD 1.00 = USD 0.7058 on July 10, 2026.

What are Liam Daniel Wilson’s Keel Infrastructure (KEEL) holdings after these transactions?

Following the reported transactions, Liam Daniel Wilson directly holds 43,737 common shares of Keel Infrastructure and 152,849 restricted stock units (RSUs). Each RSU is a contingent right to receive one share of common stock or an equivalent cash amount at the company’s election.

Were the KEEL insider transactions market purchases or sales of stock?

The activity involved a derivative exercise and tax-withholding disposition, not open-market trades. RSUs were converted into 76,424 common shares, and 32,687 of those shares were withheld by Keel Infrastructure to satisfy tax liabilities, rather than being sold on the market.

What is the vesting schedule of the reported RSUs at Keel Infrastructure (KEEL)?

The reported RSUs vest yearly in three equal installments starting July 10, 2026. As they vest, each RSU gives a contingent right to receive one Keel Infrastructure common share or an equivalent cash value, at the issuer’s discretion.
SEC Form 4
FORM 4UNITED 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*
WILSON LIAM DANIEL

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/10/2026M76,424A$076,424D
Common Stock07/10/2026F32,687(1)D$4.67(2)43,737D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)07/10/2026M76,424 (4) (4)Common Stock76,424$0152,849D
Explanation of Responses:
1. Represents shares of common stock withheld by the issuer to satisfy tax withholding upon the vesting of restricted stock units ("RSUs").
2. The price was converted into its U.S. Dollar equivalent using an exchange rate on July 10, 2026 at CAD 1.00 = USD 0.7058.
3. Each RSU represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election.
4. Represents RSUs that vest yearly in three equal installments starting July 10, 2026.
Remarks:
/s/ Rachel Silverstein, as attorney-in-fact07/14/2026
** Signature of Reporting PersonDate
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)