Busang Kristen Lee 4

What Happened
Busang Kristen Lee, Senior Vice President, Human Resources of BKV Corp (BKV), received a grant of 9,675 restricted stock units (RSUs) on 2026-03-10. The reported transaction is an award (transaction code A) with an acquisition price of $0.00, so there was no cash paid by the insider. Each RSU represents a contingent right to one share of common stock; the award vests in three equal annual installments beginning March 10, 2027.

Key Details

• Transaction date: 2026-03-10 (Form 4 filed 2026-03-12; appears to be filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A). Price reported: $0.00; total reported cash value: $0.
• Number of RSUs granted: 9,675.
• Vesting: Three equal annual installments starting March 10, 2027 (per footnote).
• Plan: Granted under the BKV Corporation 2024 Equity and Incentive Compensation Plan.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each RSU is a contingent right to receive one share upon vesting (see F1).

Context
RSU grants are standard executive compensation and do not involve immediate market purchases or sales. Because these RSUs vest over time, they represent future potential shares rather than an immediate change in publicly tradable shares. Grants like this are informative about compensation but are not the same signal as an insider purchase (which can be viewed as a more direct bullish action).