New Concept Energy owner buys 2M shares at $1

The transaction was described as the consummation of stockholder approval for Realty Advisors Inc.'s purchase.

Rhea-AI Filing Summary

New Concept Energy, Inc. (GBR) reported that Realty Advisors Inc., a ten percent owner, purchased 2,000,000 new common shares for $1.00 per share. The shares were issued in book-entry form on September 16, 2026, and paid for on September 29, 2026. Realty Advisors Inc. directly held 2,400,000 shares following the transaction.

Insider Trade Summary

Net Buyer: 2,000,000 shares

Net Buy 1 txn

Insider REALTY ADVISORS INC

Role 10% Owner

Bought 2,000,000 shs ($2.00M)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.01 per share F1	2,000,000	$1.00	$2.00M

Holdings After Transaction: Common Stock, par value $0.01 per share — 2,400,000 shares (Direct)

Footnotes (1)

1. F1. the transaction was the consummation of a stockholder approval of Realty Advisors, Inc. purchase of 2,000,000 new shares of common stock for $1.00 per share, which shares were issued on 9/16/2026 in book entry form but paid for on 9/29/2026.

Key Figures

Common shares purchased: 2,000,000 shares Purchase price: $1.00 per share Direct shares following transaction: 2,400,000 shares

3 metrics

Common shares purchased 2,000,000 shares Purchase reported for September 29, 2026

Purchase price $1.00 per share Purchase by Realty Advisors Inc.

Direct shares following transaction 2,400,000 shares Realty Advisors Inc.

Key Terms

par value, book entry form, stockholder approval

3 terms

par value financial

"Common Stock, par value $0.01 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

book entry form technical

"issued in book entry form"

stockholder approval regulatory

"consummation of a stockholder approval"

Stockholder approval is formal consent given by a company’s shareholders, usually through a vote at a meeting or by proxy, for major actions such as mergers, asset sales, changes to corporate structure, or amendments to governance rules. Investors pay attention because the vote can enable or block steps that materially change a company’s direction, ownership or value—like neighbors voting to allow a major renovation that would alter a building’s use and worth.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GBR shares did Realty Advisors Inc. buy, and at what price?

Realty Advisors Inc., identified as a ten percent owner, purchased 2,000,000 New Concept Energy, Inc. common shares at $1.00 per share. The shares were issued in book-entry form on September 16, 2026, and paid for on September 29, 2026; Realty Advisors Inc. directly held 2,400,000 shares following the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 03:34 PM Accepted by SEC EDGAR 10/01/2026 - 03:34 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

REALTY ADVISORS INC

(Last) (First) (Middle)

1603 LBJ FREEWAY

SUITE 800

(Street)

DALLAS TEXAS 75234

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
New Concept Energy, Inc. [ GBR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	09/29/2026	09/16/2026	P(1)		2,000,000	A	$1	2,400,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. the transaction was the consummation of a stockholder approval of Realty Advisors, Inc. purchase of 2,000,000 new shares of common stock for $1.00 per share, which shares were issued on 9/16/2026 in book entry form but paid for on 9/29/2026.

	Realty Advisors, Inc.	10/01/2026
	By: Erik L. Johnson, President	10/01/2026
	** 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 4 (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 4: SEC 1474 (03-26)