Carden Mark 4

What Happened

• Mark Carden, a director of Koil Energy Solutions, exercised options to acquire 50,000 common shares at $0.72 per share on July 6, 2026 (cost $36,000). The same filing also reports a disposition of 50,000 derivative shares on July 6, 2026, also reported at $0.72 per share (value $36,000). The filing shows both an acquisition (via option exercise) and a disposal of derivative securities on the same date.

Key Details

• Transaction date: July 6, 2026. Exercise/derivative entries priced at $0.72 per share.
• Amounts: 50,000 shares acquired (exercise) = $36,000; 50,000 derivative shares disposed = $36,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — These were stock options subject to continued service as a director with vesting originally scheduled (25% each) on 8/31/2021, 11/30/2021, 2/28/2022 and 5/31/2022.
• Timeliness: Form 4 filed July 10, 2026, four days after the July 6 transaction. Form 4s are generally due within two business days, so this appears later than the usual reporting window.

Context

• The filing reflects an option exercise (transaction code M) and a related derivative disposal. The Form does not state whether the disposed derivative shares were sold in the open market, delivered to cover exercise costs, or transferred for other reasons, nor does it indicate a cashless exercise or tax withholding method.
• For retail investors: exercises show the insider converted options into shares; paired disposals can be routine (e.g., selling to cover costs or taxes). The filing is factual—no inference should be made about Carden’s view of the company beyond the recorded transactions.