SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL 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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1. Name and Address of Reporting Person^*

Ammann Marc-Andre

(Last)

(First)

(Middle)

120 BROADWAY, SUITE 1075

(Street)

NEW YORK

10004

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026

3. Issuer Name and Ticker or Trading Symbol
Keel Infrastructure Corp. [ KEEL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Principal Accounting Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Shares	85,441	⁽²⁾	D
Stock Options (Right to Buy)	⁽³⁾	05/22/2029	Common Shares	37,500	$1.83⁽⁴⁾	D
Stock Options (Right to Buy)	⁽⁵⁾	09/30/2029	Common Shares	52,500	$2.18⁽⁴⁾	D
Stock Options (Right to Buy)	⁽⁶⁾	01/21/2031	Common Shares	220,000	$2.66⁽⁴⁾	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs") that vest in three equal six-month installments beginning on July 10, 2025.

2. Each RSU represents a contingent right to receive one common share or an equivalent value in cash at the issuer's election.

3. On May 22, 2024 the reporting person was granted 37,500 stock options which have fully vested.

4. The price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026 (at CAD 1.00 = USD 0.718).

5. On September 30, 2024 the reporting person was granted 52,500 stock options which have fully vested.

6. On January 21,2026 the reporting person was granted 220,000 stock options which vest in equal installments at January 21, 2026, July 21, 2026, January 21, 2027 and July 21, 2027.

Remarks:

Exhibit List - Exhibit 24.1 Power of Attorney.

	/s/ Rachel Silverstein, as attorney-in-fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Ammann Marc-Andre