SCHEDULE: Major Shareholder Ronald Eric Smith Reduces Stake in Koil Energy Solutions

Ronald Eric Smith, a significant beneficial owner, has reduced his investment stake in Koil Energy Solutions, Inc. by selling 300,000 shares to fund a real estate purchase.

Summary

• Ronald Eric Smith, a beneficial owner of Koil Energy Solutions, Inc. (CUSIP: 24372A305), reported a change in his ownership of the company's common stock.
• The event requiring this Schedule 13D Amendment No. 3 filing occurred on July 7, 2025.
• Mr. Smith's aggregate beneficial ownership is now 2,149,383 shares, representing 17.8% of the outstanding common stock.
• This percentage is based on 12,088,202 shares outstanding, as reported by Koil Energy Solutions, Inc. in its Quarterly Report filed on May 13, 2025.
• The primary purpose of the transaction was to reduce his investment stake to facilitate a real estate purchase.
• On July 7, 2025, Mr. Smith executed a negotiated sale of 300,000 shares at a price of $1.35 per share, totaling $405,000.
• His beneficial ownership includes 710,562 shares held indirectly through an IRA, 630,651 shares directly held by his spouse, and 23,071 shares held indirectly by his spouse through an IRA.

Sentiment

Score: 5

Explanation: The filing is a factual report of a shareholder's transaction, with the stated purpose of the sale being for personal real estate investment, which is neutral for the company's operational outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may observe a reduction in a significant beneficial owner's stake, which could be interpreted as a decrease in insider confidence, although the stated reason for the sale is personal and not related to the company's performance.

Key Dates

Keywords

Koil Energy Solutions, Ronald Eric Smith, Schedule 13D, beneficial ownership, share sale, insider transaction, common stock, SEC filing