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[144] Koil Energy Solutions, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

Koil Energy Solutions, Inc. filed a Form 144 reporting a proposed sale of 50,000 shares of common stock through Fidelity Brokerage Services LLC. The filing lists an aggregate market value of $110,000 for the shares and shows 12,088,202 shares outstanding. The securities to be sold were acquired as stock awards granted on 05/01/2014 and 05/01/2017 with payment/vesting dates from 05/01/2015 through 05/01/2019 and were received as compensation. The filer reports nothing to report for securities sold during the past three months and affirms no undisclosed material adverse information.

Positive
  • None.
Negative
  • Proposed sale of 50,000 common shares with an aggregate market value of $110,000 was reported.
  • Securities were acquired as stock awards with vesting/payment dates between 05/01/2015 and 05/01/2019 (compensation).

Insights

TL;DR: Insider intends to sell 50,000 common shares worth $110,000, acquired as compensation stock awards.

The filing discloses a small insider sale executed via Fidelity Brokerage Services LLC. The shares were obtained through multiple stock award grants with staggered payment/vesting dates between 2015 and 2019 and are being offered under Rule 144. The filer indicates no other sales in the prior three months and certifies no undisclosed material adverse information. This is a routine disclosure of an insider liquidity event rather than an operational update.

TL;DR: This is a standard Rule 144 notice documenting an insider's planned sale of previously granted compensation shares.

The form provides required compliance details: broker name and address, number of shares, aggregate market value, acquisition dates, and nature of acquisition (stock awards). The statement that no material nonpublic information is known is the usual attestation. There are no disclosures here about changes in management, related-party transactions beyond the awards, or other governance events.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Koil Energy Solutions (KLNG) disclose in this Form 144?

The filing notifies a proposed sale of 50,000 common shares via Fidelity Brokerage Services LLC with an aggregate market value of $110,000.

How were the shares being sold by KLNG acquired?

The shares were acquired as stock awards from the issuer, with acquisition dates 05/01/2014 and 05/01/2017 and payment/vesting dates from 05/01/2015 through 05/01/2019, listed as compensation.

Has the seller of KLNG shares reported other sales in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Through which broker will the KLNG shares be sold?

The shares are to be sold through Fidelity Brokerage Services LLC, address listed as 245 Summer Street, Boston, MA 02110.

Does the filer claim any undisclosed material information about KLNG?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.
Koil Energy Solutions

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Oil & Gas Equipment & Services
Energy
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United States
Houston