[8-K/A] Excelerate Energy, Inc. Amends Material Event Report

Rhea-AI Filing Summary

McGrath RentCorp (MGRC) – Form 144 notice of proposed insider sale. Trustee Joseph F. Hanna plans to dispose of 14,577 common shares through Charles Schwab on or after 29 Jul 2025. At the filing’s stated aggregate market value of $1.84 million, the implied price is roughly $126.6 per share. The amount represents about 0.06 % of the company’s 24.6 million shares outstanding.

The shares originate from equity-based awards acquired in 1Q-2023: 1,519 shares from restricted-stock lapse and 13,058 from stock-appreciation right exercise. Over the past three months the same holder already sold 14,250 shares for $1.55 million, suggesting a continuing divestiture program.

Form 144 contains no operating or earnings data and merely signals the insider’s intent; the sale may be reduced, delayed, or cancelled.

Positive

• None.

Negative

• Additional insider selling: Trustee plans to sell 14,577 more shares after already disposing 14,250 shares in the prior three months, potentially pressuring sentiment.

Insights

Securities Analyst

TL;DR – Small but steady insider selling; minimal fundamental impact.

The filing reveals another planned sale by Trustee Joseph Hanna, adding to 14.2 k shares sold earlier this quarter. While the dollar amount (≈$1.8 M) is not large relative to MGRC’s ~$3 B market cap, repeated dispositions can be a sentiment headwind. No information suggests operational weakness, but persistent insider selling often coincides with limited upside near term. Overall impact: modestly negative for momentum-driven investors.

Corporate Governance Expert

TL;DR – Routine Form 144; transparency intact, risk immaterial.

Rule 144 filings are procedural. The seller discloses compliance with holding periods and aggregation rules, signalling governance adherence. Share count is well below 1 % and staggered under volume limitations, indicating no control-shift risk. Given ongoing equity-compensation cycling, the event is governance-neutral; only perception of insider sentiment could pressure shares.

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

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 14, 2025

Excelerate Energy, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-41352	87-2878691
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2445 Technology Forest Blvd. Level 6
The Woodlands, Texas				77381
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (832) 813-7100

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share		EE		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Introductory Note

On May 14, 2025, Excelerate Energy, Inc. (the “Company”) filed with the U.S. Securities and Exchange Commission a Current Report on Form 8-K (the “Original 8-K”) to report that it completed the acquisition of the Jamaican operations of New Fortress Energy Inc. (“NFE Jamaica” and such acquisition, the “Acquisition”) on May 14, 2025 pursuant to the terms of the equity and asset purchase agreement, dated March 26, 2025, by and among Excelerate Energy Limited Partnership (“EELP”), a subsidiary of the Company, Atlantic Energy Holdings LLC, (“Seller”) and New Fortress Energy Inc. (together with Seller, the “NFE Parties”).

This Amendment No. 1 (this “Amendment”) amends the Original Form 8-K to include (i) the financial statements of NFE Jamaica required by Item 9.01(a) and (ii) the pro forma financial information of the Company required by Item 9.01(b). The Company had previously indicated in the Original Form 8-K that such financial statements and pro forma information would be provided no later than 71 days from the date on which the Original Form 8-K was required to be filed.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

The audited financial statements of the NFE Parties’ Jamaican operations as of and for the fiscal year ended December 31, 2024 are attached as Exhibit 99.1 to this Amendment and incorporated by reference herein.

The unaudited financial statements of the NFE Parties’ Jamaican operations as of and for the three months ended March 31, 2025 are attached as Exhibit 99.2 to this Amendment and incorporated by reference herein.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed combined balance sheet of the Company as of March 31, 2025 and the unaudited pro forma condensed combined statements of operations of the Company for the three months ended March 31, 2025 and the year ended December 31, 2024, giving effect to the Acquisition and the related financing transactions described therein, are filed as Exhibit 99.3 to this Amendment and are incorporated by reference herein.

(d) Exhibits.

Exhibit Number	Description
23.1	Consent of Ernst & Young LLP, independent auditors for NFE Jamaica.
99.1	Audited combined financial statements of NFE Jamaica as of and for the year ended December 31, 2024.
99.2	Unaudited condensed combined financial statements of NFE Jamaica as of and for the three months ended March 31, 2025.
99.3	Unaudited pro forma combined financial statements of the Company as of and for the three months ended March 31, 2025 and for the year ended December, 31 2024.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Excelerate Energy, Inc.
Date:	July 29, 2025	By:	/s/ Dana Armstrong
			Dana Armstrong Executive Vice President and Chief Financial Officer (Principal Financial Officer)

FAQ

How many MGRC shares are being proposed for sale under this Form 144?

14,577 common shares are listed for potential sale.

What is the estimated market value of the MGRC shares to be sold?

The filing states an aggregate market value of $1.84 million.

When is the proposed sale date for the MGRC insider transaction?

The approximate sale date disclosed is 29 July 2025.

What percentage of MGRC’s shares outstanding does the proposed sale represent?

Roughly 0.06 % of the 24.6 million shares outstanding.

Has the same insider sold MGRC shares recently?

Yes. In the past three months the trustee sold 14,250 shares for $1.55 million.

What brokerage firm will execute the proposed MGRC share sale?

Charles Schwab & Co., Inc. is listed as the broker.