Teekay (TK) CEO exercises options and sells 315,335 common shares

Rhea-AI Filing Summary

Teekay Corp Ltd President and CEO Kenneth Hvid reported a same-day option exercise and open-market share sales. On 2026-06-11, he exercised stock options representing 165,151 shares of common stock at an exercise price of $10.18 per share, converting a derivative award into common stock. That day he sold a total of 315,335 common shares in two open-market transactions at weighted average prices of $12.59 and $12.1568 per share, with individual trade prices ranging from $12.00 to $12.27, as disclosed in the footnotes.

Insider Trade Summary

Net Seller: 315,335 shares ($3,898,524)

Net Sell 4 txns

Insider Hvid Kenneth

Role President and CEO

Sold 315,335 shs ($3.90M)

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	$12.59	$1.89M

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 (first transaction): 150,184 shares at $12.59 Shares sold (second transaction): 165,151 shares at $12.1568 Options exercised: 165,151 shares at $10.18 +2 more

5 metrics

Shares sold (first transaction) 150,184 shares at $12.59 Common Stock open-market sale on June 11, 2026

Shares sold (second transaction) 165,151 shares at $12.1568 Common Stock open-market sale on June 11, 2026

Options exercised 165,151 shares at $10.18 Stock option (Right to Buy) exercise on June 11, 2026

Net shares sold 315,335 shares Net sell direction in transaction summary

Option expiration date March 6, 2027 Stock option (Right to Buy) expiration

Key Terms

open-market sale, Stock Option ("Right to Buy"), Exercise or conversion of derivative security, weighted average sale price

4 terms

open-market sale financial

"transaction_action: "open-market sale" with code S"

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.

Stock Option ("Right to Buy") financial

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

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

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)

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	$12.59(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 transactions did Teekay (TK) CEO Kenneth Hvid report on June 11, 2026?

Kenneth Hvid reported an option exercise and share sales. He exercised options for 165,151 Teekay common shares at $10.18 and sold 315,335 common shares in open-market trades at weighted average prices of $12.59 and $12.1568 per share.

How many Teekay (TK) shares did the CEO sell in the latest Form 4 filing?

The CEO sold 315,335 Teekay common shares. The Form 4 shows two open-market sale transactions for 150,184 shares at a weighted average price of $12.59 and 165,151 shares at a weighted average price of $12.1568 on 2026-06-11.

What option exercise did Teekay (TK) CEO Kenneth Hvid report in this Form 4?

He exercised options on 165,151 shares. The filing lists a stock option labeled "Right to Buy" for 165,151 underlying Teekay common shares at a conversion or exercise price of $10.18, originally exercisable from 2020-03-06 with expiration on 2027-03-06.

Were Teekay (TK) CEO Kenneth Hvid’s share sales executed in multiple trades?

Yes, the share sales were executed in multiple trades. Footnotes explain that the reported prices are weighted averages, with individual trades ranging from $12.04 to $12.27 for one sale and from $12.00 to $12.15 for the other.

What types of transactions are disclosed in Teekay (TK) CEO Kenneth Hvid’s recent Form 4?

The Form 4 shows both sales and an option exercise. It reports two non-derivative common stock open-market sales coded "S" and one derivative stock option transaction coded "M" that reflects the exercise or conversion of a stock option into Teekay common shares.