Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
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Koil Energy Solutions, Inc. (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
24372A305 (CUSIP Number) |
Ronald Eric Smith 1447 FM 1010, Cleveland, TX, 77327 832-623-9905 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/07/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 24372A305 |
| 1 |
Name of reporting person
Ronald Eric Smith | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
2,149,383.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
17.8 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, par value $0.001 per share |
| (b) | Name of Issuer:
Koil Energy Solutions, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
1310 Rankin Road, Houston,
TEXAS
, 77073. |
| Item 2. | Identity and Background |
| (a) | Ronal Eric Smith |
| (b) | 1447 FM 1010 Cleveland, Texas 77327 |
| (c) | Real Estate Investor |
| (d) | < td width="92%" class="tableClassNoBorder">|
| (e) | N/A |
| (f) | United States |
| Item 4. | Purpose of Transaction |
Reduction of investment stake to purchase real estate. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | (a) and (b). See Items 7-11 on the cover page and Item 2 above. These amounts include: 710,562 shares held indirectly through an IRA, 630,651 shares directly held by Mr. Smith's spouse, and 23,071 shares held indirectly by Mr. Smith's spouse through an IRA. Pursuant to Rule 13d-4, Mr. Smith expressly declares that this Schedule 13D and any amendments hereto shall not be construed as an admission that Mr. Smith is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities reported herein, except to the extent that Mr. Smith owns such shares. The percentage calculations herein are based on the Issuer's statement in its Quarterly Report filed with the Securities and Exchange Commission on May 13, 2025, that there were 12,088,202 shares outstanding. |
| (c) | Mr. Smith did not engage in any transactions in the Shares of the Issuer during the past 60 days, except as follows: - Negotiated sale on 7/7/2025. 300,000 shares at $1.35/per share price |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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