Teekay (NYSE: TK) CEO sells 315,335 shares after option exercise

Rhea-AI Filing Summary

Teekay Corp. President and CEO Kenneth Hvid reported a combined exercise-and-sale transaction in Teekay common stock. On 2026-06-11, he exercised stock options for 165,151 shares at $10.18 per share and then completed open-market sales totaling 315,335 shares. The sales occurred in multiple trades at weighted average prices of $12.06 and $12.16, within disclosed price ranges. Following these transactions, Hvid directly holds 112,322 shares of Teekay common stock, and this particular option grant has been fully exercised with no remaining derivative position.

Insider Trade Summary

Net Seller: 315,335 shares ($3,819,392)

Net Sell 4 txns

Insider Hvid Kenneth

Role President and CEO

Sold 315,335 shs ($3.82M)

Type	Security	Shares	Price	Value
Exercise	Stock Option ("Right to Buy")	165,151	$10.18	$1.68M
Exercise	Common Stock	165,151	$10.18	$1.68M
Sale	Common Stock	165,151	$12.1568	$2.01M
Sale	Common Stock	150,184	$12.0631	$1.81M

Holdings After Transaction: Stock Option ("Right to Buy") — 0 shares (Direct, null); Common Stock — 427,657 shares (Direct, null)

Footnotes (1)

1. The transactions was executed in multiple trades at prices ranging from $12.04 to $12.27. The price reported above reflects the weighted average sale price. The transactions was executed in multiple trades at prices ranging from $12.00 to $12.15. The price reported above reflects the weighted average sale price.

Key Figures

Shares sold: 315,335 shares First sale average price: $12.0631 per share Second sale average price: $12.1568 per share +4 more

7 metrics

Shares sold 315,335 shares Total common shares sold in open market on Jun. 11, 2026

First sale average price $12.0631 per share Weighted average price for 150,184-share sale

Second sale average price $12.1568 per share Weighted average price for 165,151-share sale

Options exercised 165,151 shares Common shares acquired via option exercise

Exercise price $10.18 per share Strike price of exercised stock options

Shares held after 112,322 shares Direct common stock ownership after transactions

Option expiration Mar. 6, 2027 Original expiration date of exercised option grant

Key Terms

open-market sale, derivative exercise/conversion, Stock Option ("Right to Buy"), weighted average sale price

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Stock Option ("Right to Buy") financial

"security_title": "Stock Option ("Right to Buy")""

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

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Form 4 Insider Transactions: What Each Field Means →

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^*

Hvid Kenneth

(Last) (First) (Middle)

SUITE 2100, BENTALL 5

550 BURRARD STREET

(Street)

VANCOUVER V6C 2K2

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEEKAY CORP LTD [ TK ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/12/2026

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	06/11/2026		M		165,151	A	$10.18	427,657	D
Common Stock	06/11/2026		S		165,151	D	$12.1568(1)	262,506	D
Common Stock	06/11/2026		S		150,184	D	$12.0631(2)	112,322	D

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
Stock Option ("Right to Buy")	$10.18	06/11/2026		M			165,151	03/06/2020	03/06/2027	Common Stock	165,151	$10.18	0	D

Explanation of Responses:

1. The transactions was executed in multiple trades at prices ranging from $12.04 to $12.27. The price reported above reflects the weighted average sale price.

2. The transactions was executed in multiple trades at prices ranging from $12.00 to $12.15. The price reported above reflects the weighted average sale price.

Remarks:

	/s/ Kenneth Hvid	06/12/2026
	** 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)

FAQ

What insider transaction did Teekay (TK) report for CEO Kenneth Hvid?

Teekay reported that CEO Kenneth Hvid exercised stock options for 165,151 shares and sold 315,335 common shares in open-market transactions. These moves are disclosed as part of his direct holdings in Teekay Corp.

How many Teekay (TK) shares did the CEO sell and at what prices?

Kenneth Hvid sold 315,335 Teekay common shares in open-market trades at weighted average prices of $12.0631 and $12.1568. The sales occurred across multiple trades within stated price ranges around these averages.

What stock options did the Teekay (TK) CEO exercise in this Form 4/A?

Hvid exercised stock options covering 165,151 shares of Teekay common stock at an exercise price of $10.18 per share. The related derivative position was fully exercised, leaving zero options from this grant outstanding afterward.

How many Teekay (TK) shares does CEO Kenneth Hvid hold after the transactions?

After the reported exercise and sale transactions, Hvid directly holds 112,322 shares of Teekay common stock. This figure reflects his remaining direct ownership position as reported following the June 11, 2026 trades and option exercise.

Were the Teekay (TK) CEO’s share sales executed in a single trade or multiple trades?

The sales were executed in multiple trades, not a single block. Footnotes state trades occurred within ranges of $12.04–$12.27 and $12.00–$12.15, with reported weighted average sale prices for disclosure.