Director Andrew Chang details KEEL option grants and share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Keel Infrastructure Corp. director Andrew Chang has filed an initial ownership report showing his equity position in the company. He directly holds 178,685 Common Shares. He also holds stock options over 150,000 Common Shares with a $1.87 exercise price expiring on December 18, 2029, and additional options over 60,000 Common Shares with a $0.00 exercise price expiring the same date. Footnotes state these option grants were made on December 18, 2024 and vest in equal installments on December 18, 2024, May 20, 2025, November 20, 2025, and May 20, 2026, with the option price converted to U.S. dollars using a Bank of Canada rate of CAD 1.00 = USD 0.718.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chang Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 150,000 shares (Direct);
Common Shares — 178,685 shares (Direct)
Footnotes (1)
- On December 18, 2024, the reporting person was granted 150, 000 stock options which vest in equal installments on December 18, 2024, May 20, 2025, on quarter on November 20, 2025 and one quarter on May 20, 2026. The price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026 (at CAD 1.00 = USD 0.718). On December 18, 2024, the reporting person was granted 60,000 stock options which vest in equal installments at December 18, 2024, May 20, 2025, November 20, 2025 and May 20, 2026.
Key Figures
Common Shares held: 178,685 shares
Options underlying shares (grant 1): 150,000 shares
Exercise price (grant 1): $1.87 per share
+4 more
7 metrics
Common Shares held
178,685 shares
Direct ownership reported on Form 3
Options underlying shares (grant 1)
150,000 shares
Stock options over Common Shares, exercise price $1.87
Exercise price (grant 1)
$1.87 per share
Converted to USD using CAD 1.00 = USD 0.718
Options underlying shares (grant 2)
60,000 shares
Stock options over Common Shares, exercise price $0.00
Option expiration date
December 18, 2029
Applies to both disclosed option grants
CAD to USD rate
CAD 1.00 = USD 0.718
Bank of Canada daily rate used for price conversion
Total option underlying shares
210,000 shares
Sum of 150,000-share and 60,000-share option grants
Key Terms
Stock Options (Right to Buy), exercise price, expiration date, vest, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 1.8700"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2029-12-18T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest financial
"stock options which vest in equal installments on December 18, 2024, May 20, 2025,"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Bank of Canada daily exchange rate financial
"using the Bank of Canada daily exchange rate on March 30, 2026"
FAQ
What does Andrew Chang report owning in Keel Infrastructure Corp. (KEEL) on this Form 3?
Andrew Chang reports direct ownership of 178,685 Common Shares of Keel Infrastructure Corp. He also holds stock options covering a further 210,000 Common Shares, providing potential future equity exposure if those options are exercised under their stated terms.
What stock option grants for KEEL does Andrew Chang disclose on this Form 3?
Andrew Chang discloses two stock option grants: one over 150,000 Common Shares with a $1.87 exercise price, and another over 60,000 Common Shares with a $0.00 exercise price. Both option series are scheduled to expire on December 18, 2029.
How and when do Andrew Chang’s KEEL stock options vest according to the filing?
Footnotes explain both KEEL option grants vest in equal installments. They vest on December 18, 2024, May 20, 2025, November 20, 2025, and May 20, 2026, gradually delivering exercisable rights to the underlying Common Shares over this schedule.
What is the exercise price and currency treatment for Andrew Chang’s KEEL options?
One option grant has an exercise price of $1.87 per share, while the second has a $0.00 exercise price. A footnote states the price was converted to U.S. dollars using a Bank of Canada rate of CAD 1.00 = USD 0.718 on March 30, 2026.
Do the disclosed KEEL holdings on this Form 3 show any recent buying or selling activity?
The Form 3 lists Andrew Chang’s existing holdings in KEEL, including Common Shares and stock options. The transaction summaries are categorized as holdings with unknown transaction codes, so the disclosure functions as an initial ownership snapshot rather than a record of specific recent trades.