[144] Koil Energy Solutions, Inc. SEC Filing
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.
- None.
- 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.