Director at NextDecade (NEXT) granted 40,642 restricted stock shares

Rhea-AI Filing Summary

NextDecade Corp director Diana L. Sands reported an equity award of restricted stock. On January 30, 2026, she acquired 40,642 shares of NextDecade common stock at a price of $0 per share. These shares are restricted stock scheduled to vest on January 31, 2027.

Following this grant, Sands beneficially owned 47,404 shares of NextDecade common stock in direct ownership, reflecting her updated stake as a company director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sands Diana L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	40,642	$0.00	--

Holdings After Transaction: Common Stock — 47,404 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Sands Diana L

(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		40,642(1)	A	$0	47,404	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. Represents shares of restricted stock that will vest on January 31, 2027.

Remarks:

	/s/ Vera de Gyarfas, Attorney-in-fact	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 Diana L. Sands report for NEXT?

Diana L. Sands reported acquiring 40,642 shares of NextDecade common stock as restricted stock. The acquisition occurred on January 30, 2026 at a price of $0 per share, reflecting an equity compensation award rather than an open‑market purchase.

How many NextDecade (NEXT) shares does Diana L. Sands now own?

After the reported transaction, Diana L. Sands beneficially owned 47,404 shares of NextDecade common stock. This figure represents her direct ownership following the grant of 40,642 restricted shares reported in the filing dated for the transaction on January 30, 2026.

What type of shares did Diana L. Sands receive from NextDecade (NEXT)?

Diana L. Sands received shares of restricted stock from NextDecade. The filing specifies that the 40,642 shares are restricted stock that will vest on January 31, 2027, indicating they are subject to vesting conditions rather than being immediately unrestricted common shares.

When will Diana L. Sands’ restricted NextDecade (NEXT) shares vest?

The 40,642 restricted shares granted to Diana L. Sands are scheduled to vest on January 31, 2027. Until that vesting date, the shares remain subject to the restrictions described as restricted stock in the filing, aligning the award with a long‑term time frame.

What was the price for the restricted stock granted to Diana L. Sands at NEXT?

The restricted stock granted to Diana L. Sands carried a transaction price of $0 per share. This indicates the 40,642 shares were awarded as compensation rather than purchased, consistent with typical director equity grants reported in insider ownership filings.

What is Diana L. Sands’ role at NextDecade Corp (NEXT)?

Diana L. Sands is identified as a director of NextDecade Corp in the filing. The report classifies her relationship to the issuer by marking the director box, and the equity award of restricted stock reflects compensation tied to this board‑level position.