Teekay insider files Form 144 to sell 50,000 shares

Heidi Locke Simon filed a Form 144 notifying the sale of 50,000 common shares of Teekay Corporation Ltd. to be effected 02/23/2026 in a cash transaction following an exercise of options under a registered plan dated 03/14/2019.

Rhea-AI Filing Summary

Heidi Locke Simon filed a Form 144 notifying the sale of 50,000 common shares of Teekay Corporation Ltd. to be effected 02/23/2026 in a cash transaction following an exercise of options under a registered plan dated 03/14/2019.

The notice also records 14,795 common shares sold during the prior three months (reported 12/31/2025); broker listed is Morgan Stanley Wealth Management Canada Inc.

Insights

Securities Compliance Officer

Routine Form 144 sale notice tied to option exercise; timing and broker specified.

The filing lists a planned sale of 50,000 common shares of Teekay Corporation Ltd. on 02/23/2026 after exercising options under a registered plan dated 03/14/2019. The transtype is cash.

Past activity includes a prior sale of 14,795 shares reported as of 12/31/2025. Cash‑flow recipient and proceeds use are as stated: sale for cash via the named broker. Timing and execution depend on the seller and broker actions.

FAQ

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

What does Heidi Locke Simon's Form 144 for Teekay (TK) report?

The Form 144 reports a notice to sell 50,000 common shares of Teekay on 02/23/2026, following an option exercise dated 03/14/2019. It also lists a prior sale of 14,795 shares reported as of 12/31/2025.

What sale method and broker are listed in the Form 144 for TK?

The filing states the contemplated sale is a cash transaction and names Morgan Stanley Wealth Management Canada Inc. as the securities intermediary, with execution tied to the broker's handling of the transaction on the scheduled date.

Are the shares being sold linked to option exercises in the TK filing?

Yes; the notice links the sale of 50,000 shares to the exercise of options under a registered plan dated 03/14/2019, indicating the shares originated from option exercise rather than open-market holdings.

Does the Form 144 disclose proceeds use or issuer involvement for TK shares?

The Form 144 specifies the method as a cash sale through the broker but does not state any issuer receipt of proceeds; the filing records the selling person and broker, not use of proceeds by the company.

How much stock was reported sold in the prior three months in the TK filing?

The filing records that 14,795 common shares were sold during the past three months, with that activity reported as of 12/31/2025, separate from the 50,000-share planned sale on 02/23/2026.

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Accepted by SEC EDGAR 02/23/2026 - 08:17 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001977117
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TEEKAY CORP LTD
SEC File Number	001-12874
Address of Issuer	2ND FLOOR, SWAN BUILDING 26 VICTORIA STREET HAMILTON BERMUDA HM 12
Phone	604-683-3529
Name of Person for Whose Account the Securities are To Be Sold	Locke Simon Heidi
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Wealth Management Canada Inc. 140 4th Avenue SW, Suite 2740 Calgary A0 T2P 3N3	50000	600007.64	86056804	02/23/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/14/2019	Exercise of options under a registered plan	Teekay Corporation Ltd.			50000	02/23/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Heidi Locke Simon 2nd Floor, Swan Building 26 Victoria Street Hamilton D0 HM 12	Common	12/31/2025	14795	74913.65

144: Remarks and Signature

Remarks
Date of Notice	02/23/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Heidi Locke Simon
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)