Teekay Corp (NYSE: TK) director exercises options, sells 41,457 shares
Rhea-AI Filing Summary
Teekay Corp Ltd director Rudolph Krediet exercised stock options for 41,457 shares of common stock at an exercise price of $3.98 per share and immediately received 41,457 shares. The same day, he sold 41,457 common shares at a weighted average price of $11.4548 per share, with individual trades between $11.45 and $11.50. The option covering 41,457 shares was fully exercised, leaving 0 options from that grant outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 41,457 shares ($310K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Krediet Rudolph
Role
Director
Sold
41,457 shs ($475K)
Approx. gross sale proceeds
$475K
Approx. exercise cost
$165K
Approx. pre-tax spread
$310K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option ("Right to Buy") | 41,457 | $3.98 | $165K |
| Exercise | Common Stock | 41,457 | $3.98 | $165K |
| Sale | Common Stock F1 | 41,457 | $11.4548 | $475K |
Holdings After Transaction:
Stock Option ("Right to Buy") — 0 shares (Direct);
Common Stock — 35,166.9279 shares (Direct)
Footnotes (1)
- F1. The transaction was executed in multiple trades at prices ranging from $11.45 to $11.50. The price reported above reflects the weighted average sale price.
Key Figures
Options Exercised: 41,457 shares
Exercise Price: $3.98 per share
Shares Sold: 41,457 shares
+4 more
7 metrics
Options Exercised
41,457 shares
Stock option exercise into common stock on 2026-08-03
Exercise Price
$3.98 per share
Conversion or exercise price of the stock option
Shares Sold
41,457 shares
Sale of common stock on 2026-08-03
Weighted Average Sale Price
$11.4548 per share
Multiple trades with prices from $11.45 to $11.50
Option Exercise Date
2019-03-14
Exercise date for the derivative security
Option Expiration Date
2029-03-14
Expiration of the option that was exercised
Options Remaining from Grant
0 shares
Total derivative shares following the option exercise
Key Terms
Stock Option ("Right to Buy"), Exercise or conversion of derivative security, weighted average sale price, Rule 10b5-1
4 terms
Stock Option ("Right to Buy") financial
"Security title listed as Stock Option ("Right to Buy") for the derivative"
Exercise or conversion of derivative security financial
"Transaction code description states Exercise or conversion of derivative security"
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
Rule 10b5-1 regulatory
"aff_10b5_one is the document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Teekay (TK) director Rudolph Krediet report?
Rudolph Krediet exercised options for 41,457 Teekay shares at $3.98 and sold 41,457 common shares the same day. The sale was reported at a weighted average price of $11.4548 per share, based on multiple trades between $11.45 and $11.50.
What stock options did the Teekay (TK) director exercise in this Form 4?
He exercised a stock option for 41,457 shares of Teekay common stock at an exercise price of $3.98 per share. The option had an exercise date of March 14, 2019 and an expiration date of March 14, 2029, and was fully exercised in this transaction.
Did Rudolph Krediet retain any options after the reported Teekay (TK) transactions?
For the exercised grant, the Form 4 shows 0 derivative securities remaining after exercising 41,457 options. This indicates the specific stock option reported was fully exercised. The filing does not list additional derivative positions in its derivative summary section.
Were the Teekay (TK) insider sales part of a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as an affirmatively adopted plan. No footnote describes the transactions as occurring under a pre-arranged Rule 10b5-1 trading plan, so the filing does not characterize them as plan-based trades.
What transaction codes are used in this Teekay (TK) Form 4 and what do they mean?
The filing reports code M for the exercise or conversion of a derivative security related to 41,457 options, and code S for a sale of common stock. Both actions occurred on August 3, 2026 and involve the same 41,457-share quantity.