Krediet Rudolph 4

What Happened

• Director Krediet Rudolph exercised stock options to acquire a total of 63,042 Teekay Corp (TK) shares on June 17, 2026 (21,585 shares at $5.81 and 41,457 shares at $3.98), paying about $290,408 in strike costs. The same day he sold 63,042 shares in the open market for aggregate proceeds of $744,160 (weighted average sale price $11.80). The filing also records corresponding derivative dispositions tied to those exercised options.

Key Details

• Transaction date: 2026-06-17.
• Exercises: 21,585 shares @ $5.81 = $125,409; 41,457 shares @ $3.98 = $164,999 (total strike cost ≈ $290,408).
• Open-market sale: 63,042 shares @ weighted avg $11.80 = $744,160 (trade prices ranged $11.80–$11.85; weighted avg reported).
• Filing shows both the option exercises (code M) and the sale (code S); derivative dispositions mirror the exercised lots.
• Shares owned after the transaction: not specified in this filing.
• No late filing indicator noted in the provided report.

Context

• This is a common pattern where an insider exercises options and immediately sells the acquired shares (effectively a cashless exercise). Such transactions report the option exercise and the subsequent sale; they are routine and do not by themselves indicate the insider’s future views on the company.