Big Digital Energy insider buys 16,700 Series D preferred
Big Digital Energy, Inc. reported an insider open-market purchase of 16,700 shares of Series D Convertible Preferred Stock at $1,000 per share on June 30, 2026.
Rhea-AI Filing Summary
Big Digital Energy, Inc. reported an insider open-market purchase of 16,700 shares of Series D Convertible Preferred Stock at $1,000 per share on June 30, 2026. The position is held indirectly through Six Thirty AI, LLC, which is managed and controlled by Cody Smith, Phillip Stanley and Joshua Kilgore. The Series D shares are pledged to YA II PN, LTD under a Loan and Guaranty Agreement dated June 30, 2026 and, using a daily VWAP of $8.81, would convert into 1,995,221 shares of common stock subject to the terms of the Certificate of Designations.
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Insights
Large preferred stock buy increases indirect insider exposure.
The filing shows an open-market purchase of 16,700 shares of Series D Convertible Preferred Stock at $1,000 per share, held through Six Thirty AI, LLC. Using a daily VWAP of $8.81, these preferred shares would convert into 1,995,221 common shares, subject to the Certificate of Designations.
The preferred shares are also pledged to YA II PN, LTD under a Loan and Guaranty Agreement dated June 30, 2026, which ties this equity position to a financing arrangement. That pledge adds lender influence over the securities while the LLC managers retain economic exposure through the convertible structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series D Convertible Preferred Stock F1, F2 | 16,700 | $1,000.00 | $16.70M |
Footnotes (2)
- F1. The shares of Series D Convertible Preferred Stock and underlying shares of Common Stock are pledged to YA II PN, LTD pursuant to a Loan and Guaranty Agreement dated June 30, 2026. Conversion is subject to the terms and conditions established in the Certificate of Designations for the Series D Convertible Preferred Stock. Assuming the daily VWAP as of June 30, 2026 ($8.81) is used to calculate the Conversion Price, the shares of Series D Convertible Preferred Stock would convert into 1,995,221 shares of Common Stock of the Issuer.
- F2. These shares are owned solely by Six Thirty AI, LLC, a Texas limited liability company managed and controlled by Cody Smith, Phillip Stanley and Joshua Kilgore.
Key Figures
Key Terms
Series D Convertible Preferred Stock financial
VWAP financial
Loan and Guaranty Agreement financial
Certificate of Designations financial
pledged financial
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