New Concept Energy (GBR) holder sells 246,254 shares in private deal

Rhea-AI Filing Summary

Realty Advisors, Inc. filed an amendment to report a change in its large shareholder position in New Concept Energy, Inc. common stock. Realty Advisors sold 246,254 shares of New Concept Energy on August 28, 2025 in a privately negotiated cash transaction at $1.15 per share, for total proceeds of $293,192.10, to RFA Portfolio, Inc.

After this sale, Realty Advisors reports beneficial ownership of 400,000 shares, representing about 7.8% of New Concept Energy’s outstanding common stock, with sole voting and dispositive power over those shares. Realty Advisors states it has no current plans for major corporate actions but remains open to selling additional shares at attractive prices. The filing also notes that Realty Advisors is wholly owned by May Realty Holdings, Inc., which is in turn owned by the May Trust for the benefit of the children of Gene E. Phillips.

Insights

Equity ownership and governance analyst

Large shareholder sold 246,254 shares but still holds a 7.8% stake.

Realty Advisors, Inc. reduced its position in New Concept Energy by selling 246,254 shares at $1.15 per share in a privately negotiated deal with RFA Portfolio, Inc. The cash transaction totaled $293,192.10, indicating a meaningful but not controlling shift in one blockholder’s exposure.

Following the sale, Realty Advisors reports ownership of 400,000 shares, or about 7.8% of the company’s 5,131,935 shares outstanding as of the filing’s reference. It retains sole voting and dispositive power over this stake, so it remains a notable shareholder even after trimming its holdings.

The disclosure states Realty Advisors has no present plans for major corporate actions related to New Concept Energy but is willing to consider future share dispositions at attractive prices. Future Schedule 13D updates or Forms 4, if any, would indicate whether this sale is part of a broader reduction strategy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

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
469-522-4200

Steven C. Metzger Metzger
4709 W Lovers Lane, Suite 200
Dallas, TX, 75205
214-740-5030

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

08/28/2025

(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).

SCHEDULE 13D

CUSIP No. 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

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

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

11

Aggregate amount beneficially owned by each reporting person

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)

7.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 643611106

1

Name of reporting person

May Realty Holdings, 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)

OO

5

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

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

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)

7.8 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

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 benefit of the children of Gene E. Phillips, deceased, known as the "May Trust."

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 2.	Identity and Background
(a)	This Amendment No. 6 (the "Amendment") is filed to reflect the sale by Realty Advisors, Inc. ("RAI" or the "Reporting Person") of 246254 Shares of common stock of the Issuer on 8/28/2025 previously reported on a timely filed Form 4 in a privately negotiated transaction. RAI is wholly-owned by May Realty Holdings, Inc., a Nevada corporation ("MRHI") which in turn is owned by a trust for the benefit of the children of Gene E. Phillips, deceased, known as the "May Trust."
(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
	N/A the transaction described in Item 5(c) was a sale for cash.
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)	5,131,935 Shares of common stock, par value $0.01 per share of the Issuer are believed to be issued and outstanding, of which RAI owns 400,000 Shares (7.79433% of the outstanding).
(b)	400,000 Shares are owned by RAI which has the sole power to direct the vote or to dispose of such 400,000 Shares.
(c)	On August 28, 2025, RAI sold 246,254 Shares of the Issuer to RFA Portfolio, Inc., a Nevada corporation for $1.15 per Share cash (a total of $293,192.10), in a privately negotiated transaction.
(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:	01/02/2026

May Realty Holdings, Inc.

Signature:	May Realty Holdings, Inc.
Name/Title:	Gina H. Kay, Vice President and Treasurer
Date:	01/02/2026

FAQ

What change in ownership did Realty Advisors report in New Concept Energy (GBR)?

Realty Advisors, Inc. reported that it sold 246,254 shares of New Concept Energy common stock on August 28, 2025, and now beneficially owns 400,000 shares, or about 7.8% of the outstanding shares.

How many New Concept Energy (GBR) shares are outstanding according to this filing?

The filing states that 5,131,935 shares of New Concept Energy common stock are believed to be issued and outstanding, which is the basis for the reported 7.79433% ownership percentage.

At what price did Realty Advisors sell New Concept Energy shares and for how much in total?

Realty Advisors sold 246,254 shares of New Concept Energy at $1.15 per share, for total cash proceeds of $293,192.10 in a privately negotiated transaction with RFA Portfolio, Inc.

Does Realty Advisors still have voting control over its New Concept Energy shares?

Yes. The filing indicates that Realty Advisors has sole voting power and sole dispositive power over its remaining 400,000 shares of New Concept Energy common stock.

Who ultimately controls Realty Advisors’ stake in New Concept Energy (GBR)?

Realty Advisors, Inc. is wholly owned by May Realty Holdings, Inc., which is in turn owned by the May Trust, a trust established for the benefit of the children of Gene E. Phillips, deceased.

Does Realty Advisors have any current plans to change control or strategy at New Concept Energy?

The filing states that Realty Advisors has no present plans or proposals that would result in the types of corporate actions listed in the Schedule 13D instructions, but it remains available to consider proposals to dispose of shares at attractive prices.