NextDecade (NEXT) director awarded 51,984 restricted shares in new Form 4 filing

Rhea-AI Filing Summary

NextDecade Corp director William Vrattos received a grant of 51,984 shares of restricted common stock on January 30, 2026. The grant was priced at $0 per share and will vest on January 31, 2027. After this award, he directly holds 78,517 shares. He also has indirect beneficial interests in 8,123 shares held in an IRA and in additional shares held by CGW Holdings II LLC and CGW Holdings LLC, where he shares control with his spouse and disclaims beneficial ownership beyond any pecuniary interest.

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^*

Vrattos William C

(Last) (First) (Middle)

1000 LOUISIANA STREET, SUITE 3300

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NextDecade Corp [ NEXT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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

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

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	01/30/2026		A		51,984(1)	A	$0	78,517	D
Common Stock								8,123	I	By IRA(2)
Common Stock								306,551	I	By CGW Holdings II LLC(3)
Common Stock								1,029,812	I	By CGW Holdings LLC(3)

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. Represents shares of restricted stock that will vest on January 31, 2027.

2. Shares held by IRA custodian for benefit of the reporting person.

3. The reporting person controls the limited liability company with his spouse and disclaims beneficial ownership of any such shares for Section 16 purposes except to the extent of his pecuniary interest therein, if any.

Remarks:

	William Vrattos	02/03/2026
	** 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.

FAQ

What insider transaction did NextDecade (NEXT) report for William Vrattos?

NextDecade reported that director William Vrattos was granted 51,984 shares of restricted common stock on January 30, 2026 at $0 per share. These shares represent equity compensation rather than an open-market purchase or sale.

When do William Vrattos’s new restricted NextDecade (NEXT) shares vest?

The 51,984 restricted shares granted to director William Vrattos will vest on January 31, 2027. Until that date, the award remains subject to the stated vesting condition and is treated as restricted stock rather than fully unrestricted shares.

How many NextDecade (NEXT) shares does William Vrattos hold directly after this Form 4?

Following the reported grant, director William Vrattos directly holds 78,517 shares of NextDecade common stock. This figure includes the newly awarded restricted shares and reflects his direct ownership position reported in the filing.

What indirect NextDecade (NEXT) holdings are associated with William Vrattos?

Indirectly, 8,123 shares are held by an IRA for his benefit, and additional shares are held by CGW Holdings II LLC and CGW Holdings LLC. He controls these entities with his spouse and disclaims beneficial ownership beyond any pecuniary interest.

Was there any sale of NextDecade (NEXT) stock by William Vrattos in this Form 4?

The Form 4 shows an acquisition of 51,984 restricted shares at $0 by director William Vrattos, coded as an “A” transaction. The reported positions in IRA and LLC entities reflect holdings, not newly reported sales.