Teekay (TK) CEO sells 6,822 shares, retains 105,500 stake

Rhea-AI Filing Summary

Teekay Corp Ltd President and CEO Kenneth Hvid reported an open-market sale of 6,822 shares of Common Stock. The shares were sold at a weighted average price of $12.0414 per share, with individual trade prices ranging from $12.00 to $12.15.

After this transaction, Hvid directly owns 105,500 shares of Teekay Corp Ltd Common Stock. The filing shows no associated option exercises or derivative transactions, indicating this was a straightforward share sale in the open market.

Insider Trade Summary

Net Seller: 6,822 shares ($82,146)

Net Sell 1 txn

Insider Hvid Kenneth

Role President and CEO

Sold 6,822 shs ($82K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,822	$12.0414	$82K

Holdings After Transaction: Common Stock — 105,500 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 6,822 shares Weighted average sale price: $12.0414 per share Post-transaction holdings: 105,500 shares +1 more

4 metrics

Shares sold 6,822 shares Open-market sale of Common Stock

Weighted average sale price $12.0414 per share Common Stock sale

Post-transaction holdings 105,500 shares Direct ownership after sale

Trade price range $12.00–$12.15 per share Multiple trades within the transaction

Key Terms

open-market sale, weighted average sale price, Common Stock

3 terms

open-market sale financial

"reported an open-market sale of 6,822 shares of Common Stock"

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.

weighted average sale price financial

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

Common Stock financial

"6,822 shares of Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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)
06/12/2026

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)

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	06/12/2026		S		6,822	D	$12.0414(1)	105,500	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

Explanation of Responses:

1. The transaction 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) CEO Kenneth Hvid report?

Kenneth Hvid reported an open-market sale of 6,822 shares of Teekay Common Stock. The transaction was disclosed as a routine Form 4 filing, detailing the sale date, share amount, and pricing information for investors tracking insider activity.

At what price did the Teekay (TK) CEO sell his shares?

The CEO’s sale used a weighted average price of $12.0414 per share. According to the disclosure, individual trades occurred between $12.00 and $12.15, executed in multiple transactions that together produced the reported weighted average sale price.

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

After the reported sale, Kenneth Hvid directly holds 105,500 Teekay Common Stock shares. This post-transaction balance is disclosed in the filing, helping investors gauge the scale of the sale relative to his remaining ownership stake.

Was the Teekay (TK) CEO’s share sale an open-market transaction?

Yes, the filing classifies the transaction as an open-market sale of Common Stock. The sale involved multiple trades within a narrow price range, with the weighted average price reported to summarize the overall execution level.

Did the Teekay (TK) CEO exercise options or derivatives in this Form 4?

No, the disclosure does not show any option exercises or derivative transactions. The derivative section is empty, indicating the reported activity relates only to a direct sale of Common Stock rather than conversions or exercises of derivative securities.