Koil Energy Solutions (KLNG) director boosts stake with 296,000-share buy

Rhea-AI Filing Summary

Koil Energy Solutions, Inc. director Ian Cassel, through Intelligent Fanatics Capital Management LLC and IFCM MicroCap Fund LP, reported an open-market purchase of common stock. On 12/01/2025, the reporting persons bought 296,000 shares of Koil Energy common stock at $1.35 per share, coded as a purchase in the filing. Following this transaction, they reported beneficial ownership of 1,548,970 shares of common stock. The structure involves the fund holding the shares directly, with IFCM as general partner and Mr. Cassel as sole managing member, and Mr. Cassel disclaiming beneficial ownership beyond his economic interest.

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

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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 PA 17543

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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

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

	Form filed by One Reporting Person
X	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, par value $0.0001 per share	12/01/2025		P		296,000	A	$1.35	1,548,970	D(1)
Common Stock, par value $0.0001 per share	12/01/2025		P		296,000	A	$1.35	1,548,970	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 PA 17543

(City) (State) (Zip)

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 PA 17543

(City) (State) (Zip)

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 PA 17543

(City) (State) (Zip)

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 ofIFCM 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	12/03/2025
	** 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 insider transaction did Koil Energy Solutions (KLNG) disclose in this Form 4?

The filing reports that on 12/01/2025, the reporting persons purchased 296,000 shares of Koil Energy Solutions common stock at $1.35 per share in an open-market transaction.

How many Koil Energy Solutions (KLNG) shares are beneficially owned after the reported trade?

After the reported transaction, the reporting persons disclosed beneficial ownership of 1,548,970 shares of Koil Energy Solutions common stock.

Who are the reporting persons in the Koil Energy Solutions (KLNG) Form 4?

The shares are held directly by IFCM MicroCap Fund LP and indirectly by Intelligent Fanatics Capital Management LLC (its general partner) and Ian Cassel, who is the sole managing member of IFCM.

What is Ian Cassel’s relationship to Koil Energy Solutions (KLNG)?

The Form 4 indicates that Ian Cassel is a director of Koil Energy Solutions, Inc.

Does Ian Cassel claim full beneficial ownership of all Koil Energy Solutions shares held by the fund?

No. The filing states that Mr. Cassel disclaims beneficial ownership of the shares held by the fund, except for the portion attributable to his limited and general partnership interests.

What type of security was bought in the Koil Energy Solutions (KLNG) insider transaction?

The transaction involved common stock of Koil Energy Solutions, Inc., with a par value of $0.0001 per share.