Director at Teekay Tankers (NYSE: TNK) sells 7,031 shares after option exercise

Rhea-AI Filing Summary

Teekay Tankers director David Schellenberg exercised stock options and sold the resulting shares in an exercise-and-sell transaction. He exercised options for 7,031 Class A Common Shares at $8.00 per share, then sold 7,031 shares in open-market trades at a weighted average price of $71.5329, with individual trades ranging from $71.50 to $71.9175. Following these transactions, he continues to hold 7,445 Class A Common Shares directly.

Insider Trade Summary

Net Seller: 7,031 shares ($502,948)

Net Sell 3 txns

Insider Schellenberg David

Role null

Sold 7,031 shs ($503K)

Type	Security	Shares	Price	Value
Exercise	Stock Option ("Right to Buy")	7,031	$8.00	$56K
Exercise	Class A Common Shares	7,031	$8.00	$56K
Sale	Class A Common Shares	7,031	$71.5329	$503K

Holdings After Transaction: Stock Option ("Right to Buy") — 0 shares (Direct, null); Class A Common Shares — 14,476 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 7,031 shares Weighted average sale price: $71.5329 per share Options exercised: 7,031 shares at $8.00 +2 more

5 metrics

Shares sold 7,031 shares Class A Common Shares sold in open market

Weighted average sale price $71.5329 per share Open-market sales on June 8, 2026

Options exercised 7,031 shares at $8.00 Stock option exercise into Class A Common Shares

Shares held after transaction 7,445 shares Direct ownership of Class A Common Shares

Option expiration date March 13, 2029 Stock Option ("Right to Buy") term

Key Terms

open-market sale, Stock Option ("Right to Buy"), Class A Common Shares, 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.

Stock Option ("Right to Buy") financial

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

Class A Common Shares financial

"security_title": "Class A Common Shares""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

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^*

Schellenberg David

(Last) (First) (Middle)

939 ASH STREET

(Street)

WHITE ROCK V4B 4JB

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEEKAY TANKERS LTD. [ TNK ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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
Class A Common Shares	06/08/2026		M		7,031	A	$8	14,476	D
Class A Common Shares	06/08/2026		S		7,031	D	$71.5329(1)	7,445	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")	$8	06/08/2026		M			7,031	03/13/2019	03/13/2029	Class A Common Shares	7,031	$8	0	D

Explanation of Responses:

1. The transaction was executed in multiple trades at prices ranging from $71.50 to $71.9175. The price reported above reflects the weighted average sale price.

Remarks:

	/s/ David Schellenberg	06/08/2026
	** 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 did Teekay Tankers (TNK) director David Schellenberg report in this Form 4?

Director David Schellenberg reported exercising options for 7,031 Teekay Tankers Class A Common Shares and selling 7,031 shares in open-market transactions, while retaining 7,445 shares directly after the transactions.

How many Teekay Tankers (TNK) shares did the director sell and at what price?

He sold 7,031 Class A Common Shares in open-market transactions at a weighted average price of $71.5329 per share, with individual trade prices ranging from $71.50 to $71.9175 according to the reported footnote.

What options did the Teekay Tankers (TNK) director exercise in this filing?

He exercised stock options covering 7,031 Class A Common Shares at an exercise price of $8.00 per share, converting a derivative position into common stock and then selling the acquired shares in the market.

How many Teekay Tankers (TNK) shares does the director hold after the transactions?

After exercising options and selling 7,031 shares, David Schellenberg directly holds 7,445 Class A Common Shares of Teekay Tankers, as reported in the post-transaction ownership column of the non-derivative holdings table.

Were the Teekay Tankers (TNK) share sales executed in a single trade or multiple trades?

The sales were executed in multiple trades, with prices ranging between $71.50 and $71.9175 per share. The Form 4 reports a weighted average sale price of $71.5329 for the 7,031 Class A Common Shares sold.

What happened to the Teekay Tankers (TNK) stock options after the director’s exercise?

The stock option covering 7,031 Class A Common Shares, with an exercise price of $8.00 and expiration on March 13, 2029, was fully exercised, leaving zero derivative securities remaining from that specific option grant.