Koil Energy (NASDAQ: KLNG) holder Ronald Smith reports 11.5% stake after major sale
Rhea-AI Filing Summary
Koil Energy Solutions investor updates large shareholder position. Ronald Eric Smith filed an amended Schedule 13D reporting beneficial ownership of 1,407,033 shares of Koil Energy Solutions common stock, representing 11.5% of the outstanding shares, based on 12,188,202 shares outstanding as disclosed by the company. The filing explains that the purpose of recent transactions was a reduction of his investment stake to purchase real estate.
The position includes 710,562 shares held indirectly through an IRA, 330,651 shares held directly by Mr. Smith’s spouse, and 23,071 shares held by his spouse through an IRA. The filing states that, under securities laws, Mr. Smith does not admit beneficial ownership of all reported securities beyond those he actually owns. It also notes a negotiated sale on December 3, 2025 of 742,350 shares at $1.35 per share.
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