Big Digital Energy insider disposes of 650 preferred shares
YA II PN, Ltd.'s debt exchange under a June 30, 2026 agreement is the transaction described in a related note.
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Form Type
4
Rhea-AI Filing Summary
Big Digital Energy, Inc. reported a disposition by Six Thirty AI, LLC of 650 Series D Preferred Shares on September 24, 2026, at $5.484 per share, with 15,000 shares following. A footnote says YA II PN, Ltd. exchanged debt owed by Six Thirty for 650 preferred shares under a Loan and Guaranty Agreement dated June 30, 2026.
Insider Trade Summary
Other: 650 shares
Other
5 txns
Insider
Endeavor Blockchain, LLC, Kilgore Joshua Allen, Smith Cody, PM Squared LLC, Six Thirty AI, LLC
Role
10% Owner | SEE REMARKS | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Series D Preferred Shares F1, F2 | 650 | $5.484 | $4K |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares F4 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
| holding | Common Shares F6 | -- | -- | -- |
Holdings After Transaction:
Series D Preferred Shares — 15,000 shares (Direct);
Common Shares — 2,234,749 shares (Direct)
Footnotes (6)
- F1. On September 24, 2026, YA II PN, Ltd. ("YA") exercised its right to exchange outstanding debt owed by Six Thirty AI, LLC ("Six Thirty") for 650 shares of the Series D preferred stock of Big Digital Energy, Inc. pursuant to the terms of a Loan and Guaranty Agreement between the parties dated June 30, 2026. Six Thirty maintained no control over the timing, pricing or amount of this exchange. YA and the lenders represented by it are not affiliated with Six Thirty or the other group members identified on this Form 4. Accordingly, the transaction is reported using Code J as an unorthodox transaction under the doctrine of Kern County Land Co. v. Occidental Petroleum Corp., 411 U.S. 582 (1973).
- 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.
- F3. These shares are owned solely by PM Squared, LLC, which is a member of a "group" with Endeavor Blockchain, LLC for purposes of Section 13(d) of the Exchange Act. Phil Stanley, the managing member and Chief Executive Officer of PM Squared, LLC, was appointed as the Chief Executive Officer and as a director of the Issuer as of April 6, 2026.
- F4. These shares are owned solely by Joshua Kilgore, who is a member of a "group" with Endeavor Blockchain, LLC for purposes of Section 13(d) of the Exchange Act. Joshua Kilgore is the Executive Chairman and a director of the Issuer as of April 6, 2026.
- F5. These shares are owned solely by Cody Smith, who is a member of a "group" with Endeavor Blockchain, LLC for purposes of Section 13(d) of the Exchange Act. Cody Smith was appointed as the Chief Operating Officer and as a director of the Issuer as of April 6, 2026.
- F6. These shares are owned solely by Endeavor Blockchain, LLC. Joshua Kilgore is the sole member and manager of Endeavor Blockchain, LLC.
Key Figures
Series D Preferred Shares disposed: 650 shares
Reported price per share: $5.484 per share
Series D Preferred Shares following transaction: 15,000 shares
3 metrics
Series D Preferred Shares disposed
650 shares
September 24, 2026
Reported price per share
$5.484 per share
September 24, 2026 transaction
Series D Preferred Shares following transaction
15,000 shares
Following the September 24, 2026 transaction
Key Terms
Series D preferred stock, Loan and Guaranty Agreement, unorthodox transaction
3 terms
Series D preferred stock financial
"650 shares of the Series D preferred stock"
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Loan and Guaranty Agreement financial
"pursuant to the terms of a Loan and Guaranty Agreement"
unorthodox transaction regulatory
"reported ... as an unorthodox transaction under the doctrine"
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