Officer Kenneth Hvid Files Intent to Sell Over $3.3M in Shares Near 52-Week High
TK has more than doubled off its 52-week low of $5.65.
Summary
Teekay Corporation Officer Kenneth Hvid has filed a Form 144 indicating an intent to sell 262,506 common shares, valued at approximately $3.4 million, following recent sales and as the stock trades near its 52-week high.
Key Events · Ownership and Investor Activity · TK
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Officer Files Intent to Sell Shares
Kenneth Hvid, an Officer, filed a Form 144 to sell 262,506 common shares, valued at approximately $3.4 million.
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Significant Transaction Value
The proposed sale represents about 0.31% of Teekay Corporation's current market capitalization.
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Follows Recent Insider Sales
This filing is part of a pattern of recent Form 144 filings by Mr. Hvid, who has sold 161,725 shares in the past three months, including a previous intent to sell 123,649 shares on February 24, 2026.
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Stock Trading Near 52-Week High
The intent to sell comes as Teekay Corporation's stock is trading near its 52-week high of $13.02, potentially indicating an effort to lock in gains.
Analysis · TK · Energy & Transportation
This Form 144 filing by Kenneth Hvid, an Officer of Teekay Corporation, signals a significant intent to sell shares, valued at over $3.3 million. This transaction represents approximately 0.31% of the company's market capitalization. The filing also notes that some of these shares were recently acquired through restricted stock vesting. This latest intent to sell follows a pattern of recent Form 144 filings by Mr. Hvid, including a previous intent to sell 123,649 shares on February 24, 2026, and actual sales of 161,725 shares in the past three months. The timing, with the stock trading near its 52-week high, suggests the officer may be capitalizing on recent price appreciation. Investors should monitor actual sales as this indicates a continued reduction in insider holdings.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TK was trading at $13.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $5.65 to $13.02. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.