Teekay (TK) Director Locke Simon Heidi Sells Shares

What Happened

• Locke Simon Heidi, a director of Teekay Corp Ltd (TK), sold a total of 1,581 common shares in three open-market transactions between Aug 19 and Aug 21, 2026, receiving roughly $21,327 total. These were outright sales (not purchases or option exercises), which are often routine liquidity events rather than a bullish signal.

Key Details

• Transaction breakdown:
  • 2026-08-19: Sold 96 shares at $13.19 for $1,266
  • 2026-08-20: Sold 485 shares at $13.24 for $6,421
  • 2026-08-21: Sold 1,000 shares at $13.64 for $13,640
• Total sold: 1,581 shares for about $21,327
• Shares owned after transaction: Not disclosed in the information provided in this summary/filing
• Notable footnotes: No 10b5-1 plan, tax withholding, or other special instructions cited in the provided transaction details
• Timeliness: Form 4 was filed on 2026-08-21; these filings appear to be within the standard 2-business-day reporting window for Form 4

Context

• These were straight open-market sales (transaction code S). Sales can reflect routine portfolio management or liquidity needs and do not necessarily indicate the insider’s view of the company’s prospects. The total proceeds here are modest (~$21k), so retail investors should consider this as one data point among many when evaluating the stock.