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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 8/2/23 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1110607 |
| Issuer Name: Koil Energy Solutions, Inc. |
| Issuer Trading Symbol: KLNG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1607572 |
| | Owner Name: Carden Mark |
| Reporting Owner Address: |
| | Owner Street 1: 1310 RANKIN RD. |
| | Owner Street 2: |
| | Owner City: HOUSTON |
| | Owner State: TX |
| | Owner ZIP Code: 77073 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Aff 10b5 One: 0 |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Options |
| | Conversion or Exercise Price: |
| | | Value: 0.55 |
| | Transaction Date: |
| | | Value: 8/2/23 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 50,000 |
| | | Transaction Price Per Share: |
| Value: 0.55 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/2/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: COMMON STOCK |
| | | Underlying Security Shares: |
| Value: 50,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 250,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2023, November 30, 2023, February 28, 2024 and May 31, 2024. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control. |
| Owner Signature: |
| Signature Name: /s/ Mark Carden |
| Signature Date: 11/14/23 |
