Kalnin Christopher P 4

What Happened
Christopher P. Kalnin, CEO of BKV Corp (BKV), sold 100,000 shares on March 25, 2026 in an open-market transaction. The weighted-average sale price was $30.06 per share, for total proceeds of approximately $3,005,790. This was a sale (not a purchase) and therefore is generally viewed as a routine disposition rather than a direct bullish signal.

Key Details

• Transaction date: March 25, 2026.
• Transaction type/code: Sale (S) — open market/private sale reported.
• Price: weighted-average $30.06; individual sale prices ranged from $30.00 to $30.14 (see footnote).
• Total proceeds: ~$3,005,790.
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnotes: (1) Transaction was made under a Rule 10b5-1 trading plan adopted December 8, 2025. (2) The $30.06 price is a weighted average; the filer can provide per-trade breakdown on request.
• Filing timeliness: Form filed on March 25, 2026 (same day as the reported transaction).

Context
A 10b5-1 trading plan lets insiders sell shares according to a pre-established plan, which often signals the trades were preplanned rather than reactive to current company news. Sales are common and do not necessarily imply negative information about the company; purchases typically carry more weight for investors seeking insider confidence.