Koil Energy (KLNG) director exercises 50K options into shares
Rhea-AI Filing Summary
Koil Energy Solutions, Inc. director and ten percent owner David J. Douglas exercised 50,000 stock options at $0.72 per share, receiving an equal number of common shares. The corresponding 50,000 stock options were removed from his derivative holdings. Following these transactions, he directly holds 1,584,091 shares of common stock and 200,000 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
2 txns
Insider
Douglas David J.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1 | 50,000 | $0.72 | $36K |
| Exercise | Common Stock | 50,000 | $0.72 | $36K |
Holdings After Transaction:
Stock Option — 200,000 shares (Direct);
Common Stock — 1,584,091 shares (Direct)
Footnotes (1)
- F1. Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2021, November 30, 2021, February 28, 2022 and May 31, 2022.
Key Figures
Options Exercised: 50,000 shares
Exercise Price: $0.72 per share
Common Shares After Transaction: 1,584,091 shares
+1 more
4 metrics
Options Exercised
50,000 shares
Stock options exercised into common stock on 2026-08-11
Exercise Price
$0.72 per share
Exercise price of stock options on 2026-08-11
Common Shares After Transaction
1,584,091 shares
Direct common stock ownership following transactions
Stock Options After Transaction
200,000 options
Remaining derivative holdings after exercising 50,000 options
Key Terms
Stock Option, derivative security, ten percent owner
3 terms
Stock Option financial
"security_title: "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_action: "derivative exercise/conversion""
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.
ten percent owner financial
"is_ten_percent_owner: 1"
FAQ
What transactions did KLNG insider David J. Douglas report on this Form 4?
David J. Douglas reported exercising 50,000 stock options for 50,000 shares of common stock at $0.72 per share. The derivative position for those options was removed, converting the options into directly owned common shares on the same date.
What was the exercise price of the options exercised by KLNG insider David J. Douglas?
The options exercised by David J. Douglas had an exercise price of $0.72 per share. Exercising 50,000 stock options at this price resulted in acquiring 50,000 shares of Koil Energy Solutions common stock in exchange for the derivative position.
Did the KLNG Form 4 report both acquisition and disposition transactions?
Yes. The filing shows a disposition of 50,000 stock options as a derivative exercise and a corresponding acquisition of 50,000 common shares. This reflects a conversion from derivative to non-derivative holdings rather than an open market purchase or sale.
What derivative holdings remain for KLNG insider David J. Douglas after this option exercise?
Following the exercise, David J. Douglas has 200,000 stock options reported as derivative securities. Previously, he held more options, but 50,000 stock options were exercised and converted into common stock, reducing his outstanding option position accordingly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
