New Concept Energy sells $2M in shares to Realty Advisors

After issuance, Realty Advisors reported sole voting and dispositive power over 2,400,000 GBR shares, or 33.65% of the reported outstanding shares.

Rhea-AI Filing Summary

New Concept Energy, Inc. (GBR) issued 2,000,000 newly issued common shares to Realty Advisors, Inc. on September 29, 2026, at $1.00 per share; Realty Advisors paid $2,000,000 in cash to the company. The purchase was conditioned on stockholder and NYSE American Exchange approval under a Subscription Agreement executed April 13, 2026; the last approval occurred August 21, 2026. After issuance, Realty Advisors reported owning 2,400,000 shares, or 33.65% of the 7,131,935 shares it believed were issued and outstanding, with sole voting and dispositive power over its shares.

Filing Explained

The Schedule 13D/A says Realty Advisors has no present plans or proposals for the actions listed in Items 4(b)–(j), while remaining available to consider a proposal to dispose of shares at attractive prices.

Key Figures

Newly issued common shares purchased: 2,000,000 shares Purchase price per share: $1.00 per share Cash paid to issuer: $2,000,000 +3 more

6 metrics

Newly issued common shares purchased 2,000,000 shares Purchased by Realty Advisors on September 29, 2026

Purchase price per share $1.00 per share Price paid by Realty Advisors

Cash paid to issuer $2,000,000 Consideration for the share purchase

Shares owned after issuance 2,400,000 shares Realty Advisors' reported ownership

Ownership of outstanding shares 33.65% Realty Advisors' reported interest after issuance

Issued and outstanding shares 7,131,935 shares After the issuance; Realty Advisors believed this was the outstanding share count

Key Terms

Beneficially Owned, Sole Voting Power, Sole Dispositive Power, Subscription Agreement

4 terms

Beneficially Owned financial

"Aggregate amount beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 2,400,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Sole Dispositive Power 2,400,000.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Subscription Agreement financial

"pursuant to the execution of a Subscription Agreement"

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

FAQ

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

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

Realty Advisors, Inc. purchased 2,000,000 newly issued common shares at $1.00 per share on September 29, 2026, paying $2,000,000 in cash to New Concept Energy, Inc.

How much of GBR did Realty Advisors own after the share issuance?

Realty Advisors reported owning 2,400,000 shares, representing 33.65% of the 7,131,935 shares it believed were issued and outstanding after the issuance. It reported sole voting and dispositive power over those shares.

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

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Available on EDGAR 10/02/2026 - 03:57 PM Accepted by SEC EDGAR 10/02/2026 - 03:57 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

New Concept Energy, Inc.

(Name of Issuer)

common stock, par value $0.01 per share

(Title of Class of Securities)

643611106

(CUSIP Number)

Erik L. Johnson
1603 LBJ FREEWAY, SUITE 800
DALLAS, TX, 75234
4695224413

Steven C. Metzger
4709 W Lovers Lane, Suite 200
Dallas, TX, 75209
2147405030

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/29/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 643611106

1

Name of reporting person

REALTY ADVISORS INC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,400,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,400,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,400,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

33.7 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: common stock, par value $0.01 per share
(b)	Name of Issuer: New Concept Energy, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1603 LBJ FREEWAY, SUITE 800, DALLAS, TEXAS , 75234.
Item 1 Comment: May Realty Holdings, Inc. is the 100% owner of all the outstanding stock of Realty Advisors, Inc., and in turn, May Realty Holdings, Inc is owned by a trust established for the children of Gene E. Phillips, deceased, commonly known as the "May Trust."
Item 2.	Identity and Background
(a)	This Amendment No. 7 (the "Amendment") is filed to reflect the acquisition by Realty Advisors, Inc. (the "Reporting Person" or "RAI") of 2,000,000 newly issued shares of common stock of the Issuer from the Issuer paid for on 9/29/2026 for a price of $1.00 per share following approval by the stockholders and the NYSE American Exchange, which increased the issued and outstanding shares of common stock of the Issuer to 7,131,935 shares.
(b)	1603 LBJ FREEWAY, Suite 800, Dallas, TX 75234
(c)	RAI is engaged in the real estate business
(d)	N/A
(e)	N/A
(f)	USA, Nevada corporation
Item 3.	Source and Amount of Funds or Other Consideration
	RAI used its own working capital for the cash acquisition of 2,000,000 shares at $1.00 per share.
Item 4.	Purpose of Transaction
	RAI has no present plans or proposals which would result in any of (b) through (j) above, but RAI is available to consider any proposal to dispose of shares at attractive prices.
Item 5.	Interest in Securities of the Issuer
(a)	After giving effect to the issuance of 2,000,000 shares of common stock to RAI by the Issuer, 7,131,935 shares of common stock, par value $0.01 per share of the Issuer are believed to be issued and outstanding, of which RAI owns 2,400,000 shares (33.65% of the outstanding).
(b)	2,400,000 shares are owned by RAI which has the sole power to direct the vote or to dispose of all such 2,400,000 shares.
(c)	On September 29, 2026, RAI paid cash of $2,000,000 to the Issuer in consideration of RAI's purchase of 2,000,000 shares of common stock of the Issuer issued to RAI for a cash purchase price of $1.00 per share. The transaction began on April13, 2026, pursuant to the execution of a Subscription Agreement which conditioned the purchase transaction upon approval of the purchase by the Issuer's stockholders and the NYSE American Exchange, the last of which finally occurred on August 21, 2026.
(d)	N/A
(e)	N/A
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	None
Item 7.	Material to be Filed as Exhibits.
	None

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

REALTY ADVISORS INC

Signature:	Realty Advisors, Inc.
Name/Title:	Eric L. Johnson, President
Date:	10/02/2026