Ownership Submission
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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OMB APPROVAL
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OMB Number:3235-0104Expires:January 31, 2005Estimated average burden hours per response...0.5
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1. Name and Address of Reporting Person *
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Wiik Erik
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2. Date of Event Requiring Statement (Month/Day/Year)
2024-03-06
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3. Issuer Name and Ticker or Trading Symbol
Koil Energy Solutions, Inc. [KLNG]
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(Last)
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(First)
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(Middle)
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1310 RANKIN RD.
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director
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_____ 10% Owner
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_____ Officer (give title below)
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_____ Other (specify below)
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President and CEO /
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5. If Amendment, Date Original Filed(Month/Day/Year)
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(Street)
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HOUSTON
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TX
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77073
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6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
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2. Amount of Securities Beneficially Owned
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3. Ownership Form: Direct (D) or Indirect (I)
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4. Nature of Indirect Beneficial Ownership
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
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2. Date Exercisable and Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
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6. Nature of Indirect Beneficial Ownership
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Date Exercisable
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Expriation Date
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Title
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Amount or Number of Shares
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Reporting Owners
Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Wiik Erik
1310 RANKIN RD.
HOUSTON, TX77073
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X
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President and CEO
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Signatures
/s/ Erik Wiik
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2024-04-23
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**Signature of Reporting Person
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Date
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Explanation of Responses:
(*)
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If the form is filed by more than one reporting person, see Instruction 5(b)(v).
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(**)
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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(1)
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Restricted stock grant is subject to forfeiture - shares have time-based vesting provision where restrictions lapse with respect to one-third on March 4, 2025, March 4, 2026, and March 4, 2027, which are the first, second and third anniversaries of the date on which the Director joined the Board of Directors.
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(2)
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Stock options subject to the Optionee's continuous service as a director through such date, one-third of the Shares vest on each of March 6, 2025, March 6, 2026, and March 6, 2027. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.
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