[Form 4] Kodiak Gas Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Greif, Inc. (GEF) Form 144 filing: President & CEO Ole Rosgaard has notified the SEC of his intent to sell up to 2,500 Class A shares through Fidelity Brokerage Services on or about 07/07/2025. The proposed transaction is valued at roughly $175,349—about 0.01% of the 26.13 million Class A shares outstanding—making the sale economically immaterial to the company’s capital structure. The shares were acquired via restricted-stock vesting on 01/16/2024 and form part of executive compensation. In the preceding three months, Rosgaard disposed of 51,767 Class A shares for gross proceeds of approximately $3.50 million, indicating an ongoing liquidation trend. No Rule 10b5-1 plan adoption date is disclosed. While the volume is small, continued insider selling can influence investor sentiment, especially during periods of heightened scrutiny on management’s confidence.

Positive

• Minimal dilution: 2,500 shares equal less than 0.01% of outstanding, posing no capital-structure risk.
• Transparent disclosure: Filing provides timely visibility into executive transactions, allowing investors to monitor insider behavior.

Negative

• Continued insider selling: CEO has sold 51,767 shares (~$3.5 million) in the last three months, potentially signaling reduced management confidence.
• No 10b5-1 plan disclosed: Lack of an automated trading plan may raise governance questions about discretionary timing of sales.

Insights

Insider Trading Analyst

TL;DR: CEO files to sell 2,500 shares; negligible dilution but continues sizable recent insider sales—mildly negative for sentiment, financially immaterial.

The filing extends a three-month pattern of insider disposals (51,767 shares, ~$3.5 million). The latest 2,500-share notice represents only 0.0096% of shares outstanding, so market impact is de minimis. However, cumulative selling by the company’s top executive can raise questions about management’s outlook. The absence of a disclosed 10b5-1 plan limits transparency on whether sales are automated or discretionary, a minor governance concern. Overall, the transaction does not alter Greif’s financial position but may weigh modestly on perception.

Portfolio Manager

TL;DR: Transaction is too small to affect valuation; insider-sale trend worth monitoring but not thesis-changing.

From an allocation standpoint, a $175k sale against Greif’s multi-billion-dollar market cap is immaterial. Liquidity impact is negligible, and no new fundamentals are signaled. Nevertheless, serial insider selling often precedes multiple compression if investors interpret it as reduced confidence. I would note the pattern but would not alter position sizing unless the sales accelerate or coincide with deteriorating operating metrics.

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^*

Griggs John

(Last) (First) (Middle)

9950 WOODLOCH FOREST DRIVE

SUITE 1900

(Street)

THE WOODLANDS TX 77380

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kodiak Gas Services, Inc. [ KGS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

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

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

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

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(1)	07/03/2025		F		3,772	D	$33.81	68,595	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. Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares.

	/s/ Kelly M. Battle, attorney-in-fact	07/07/2025
	** 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.

FAQ

What does Greif's (GEF) Form 144 disclose?

The filing shows CEO Ole Rosgaard plans to sell 2,500 Class A shares valued at about $175,349 on or after 07/07/2025.

How large is the proposed sale relative to shares outstanding?

2,500 shares represent roughly 0.01% of Greif’s 26.13 million Class A shares outstanding.

Has the insider sold shares recently?

Yes. Over the past three months Rosgaard sold 51,767 shares for approximately $3.5 million in gross proceeds.

Were the shares obtained through open-market purchases?

No. The 2,500 shares were acquired via restricted-stock vesting on 01/16/2024 as part of executive compensation.

Is there a Rule 10b5-1 trading plan associated with the sale?

The filing does not indicate a 10b5-1 plan adoption date, suggesting the sale may be discretionary.

Which broker will handle the transaction?

Fidelity Brokerage Services LLC, located in Smithfield, RI, is listed as the executing broker.