Gagnon Benjamin 4

What Happened

• Benjamin Gagnon, CEO of Keel Infrastructure (KEEL), had derivative transactions on 2026-06-27 that show a disposition to the issuer of 500,000 option units and a simultaneous grant/acquisition of 500,000 option units. No cash price or market-share sale is reported (price shown as N/A and total value N/A). Footnotes state these transactions reflect an extension of the expiration date of previously granted options under the issuer’s Long Term Incentive Plan — not the award of new options. The stock option is fully vested and currently exercisable.

Key Details

• Transaction date: 2026-06-27; Form 4 filed: 2026-06-30.
• Reported entries: Disposition to issuer (D) — 500,000 derivative units; Grant/Acquisition (A) — 500,000 derivative units. Price: N/A; total value: N/A.
• Footnotes: F1 — extension of expiration date (no new options awarded); F3 — option fully vested and exercisable; F2 — currency conversion note included in filing (CAD→USD) though no cash price was reported.
• Shares / options owned after transaction: not specified in the provided data.
• Filing timeliness: filing date is 2026-06-30 for the 2026-06-27 transaction; the Form 4 does not indicate a late-filing flag.

Context

• This was an administrative derivative reissuance (extension of option expiration), not an exercise, open-market purchase, or sale of underlying shares. Such extensions adjust option terms but do not by themselves produce cash or reveal a buy/sell signal. For retail investors, purchases or exercises followed by open-market sales are generally more informative about insider sentiment than administrative changes like this.