Ngo Ethan 4

What Happened

• Ethan Ngo, Chief Corporate Development Officer of BKV Corp (BKV), received a grant of 15,203 restricted stock units (RSUs) on March 10, 2026. The reported acquisition price is $0.00 (no cash paid at grant). RSUs are a form of equity compensation that convert into shares if and when they vest.

Key Details

• Transaction date: March 10, 2026; Filing date: March 12, 2026 (file appears timely).
• Transaction type/code: Grant/Award (code A).
• Shares/units granted: 15,203 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: The RSUs vest in three equal annual installments beginning March 10, 2027; each RSU represents a contingent right to receive one share of common stock (see footnote F1).
• No indication of a 10b5-1 plan, tax withholding disposition, or late filing in the report.

Context

• RSU grants are common non‑cash compensation for executives; they only become actual shares if and when they vest, so this grant does not represent an open‑market purchase or sale. Because vesting begins one year from the grant date and occurs over three years, the economic benefit is realized over time as units vest and convert to shares.