Koil Energy Solutions: IFCM buys 10,000 shares

The shares are held directly by IFCM MicroCap Fund LP, with indirect beneficial ownership also reported for its general partner and Ian J. Cassel.

Available on EDGAR 11/10/2026 - 03:39 PM EST Accepted by SEC EDGAR 11/10/2026 - 03:38 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Koil Energy Solutions, Inc. reported purchases by IFCM MicroCap Fund LP of 5,000 shares on November 9, 2026, at $2.34 per share and 5,000 shares on November 10, 2026, at $2.33 per share. The Fund holds the shares directly; its general partner, Intelligent Fanatics Capital Management LLC, and Ian J. Cassel are also reported as indirect beneficial owners. Each is identified as a ten percent owner. Cassel disclaims beneficial ownership except for shares attributable to his partnership interests. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 20,000 shares

Net Buy 4 txns

Insider Intelligent Fanatics Capital Management LLC, Cassel Ian J., IFCM MicroCap Fund LP

Role 10% Owner | 10% Owner | 10% Owner

Bought 20,000 shs ($47K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.0001 per share F1	5,000	$2.33	$12K
Purchase	Common Stock, par value $0.0001 per share F1, F2	5,000	$2.33	$12K
Purchase	Common Stock, par value $0.0001 per share F1	5,000	$2.34	$12K
Purchase	Common Stock, par value $0.0001 per share F1, F2	5,000	$2.34	$12K

Holdings After Transaction: Common Stock, par value $0.0001 per share — 1,577,131 shares (Direct); Common Stock, par value $0.0001 per share — 1,577,131 shares (Indirect, See Footnotes)

Footnotes (2)

1. F1. Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP(Fund). The securities reported in this form are held directly by the Fund and indirectly by IFCM and Mr. Cassel (see footnote 2).
2. F2. Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficial owner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributable to his limited and general partnership interest therein.

Key Figures

Purchase shares: 5,000 shares Purchase price: $2.34 per share Purchase shares: 5,000 shares +1 more

4 metrics

Purchase shares 5,000 shares IFCM MicroCap Fund LP, November 9, 2026

Purchase price $2.34 per share IFCM MicroCap Fund LP, November 9, 2026

Purchase shares 5,000 shares IFCM MicroCap Fund LP, November 10, 2026

Purchase price $2.33 per share IFCM MicroCap Fund LP, November 10, 2026

Key Terms

beneficial owner, general partner, limited and general partnership interest

3 terms

beneficial owner regulatory

"may be deemed to be the beneficial owner of"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

general partner technical

"IFCM is the general partner of IFCM MicroCap Fund LP"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

limited and general partnership interest regulatory

"shares attributable to his limited and general partnership interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What KLNG shares did its ten-percent owners purchase?

IFCM MicroCap Fund LP reported a purchase of 5,000 shares on November 9, 2026, at $2.34 per share and 5,000 shares on November 10, 2026, at $2.33 per share. The Fund holds the shares directly; its general partner, Intelligent Fanatics Capital Management LLC, and Ian J. Cassel are also reported as indirect beneficial owners. No Rule 10b5-1 plan is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Intelligent Fanatics Capital Management LLC

(Last) (First) (Middle)

350 RUMFORD ROAD

(Street)

LITITZ PENNSYLVANIA 17543

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Koil Energy Solutions, Inc. [ KLNG ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026

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

	Form filed by One Reporting Person
X	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share	11/09/2026		P		5,000	A	$2.34	1,572,131	D(1)
Common Stock, par value $0.0001 per share	11/09/2026		P		5,000	A	$2.34	1,572,131	I	See Footnotes(1)(2)
Common Stock, par value $0.0001 per share	11/10/2026		P		5,000	A	$2.33	1,577,131	D(1)
Common Stock, par value $0.0001 per share	11/10/2026		P		5,000	A	$2.33	1,577,131	I	See Footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

Intelligent Fanatics Capital Management LLC

(Last) (First) (Middle)

350 RUMFORD ROAD

(Street)

LITITZ PENNSYLVANIA 17543

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cassel Ian J.

(Last) (First) (Middle)

350 RUMFORD ROAD

(Street)

LITITZ PENNSYLVANIA 17543

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

IFCM MicroCap Fund LP

(Last) (First) (Middle)

350 RUMFORD ROAD

(Street)

LITITZ PENNSYLVANIA 17543

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP(Fund). The securities reported in this form are held directly by the Fund and indirectly by IFCM and Mr. Cassel (see footnote 2).

2. Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficial owner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributable to his limited and general partnership interest therein.

	/s/ Ian Cassel, on behalf of himself and each other reporting person here	11/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)