[Form 4] NextDecade Corp Insider Trading Activity

Rhea-AI Filing Summary

NextDecade Corp (NEXT) reported an insider equity grant. An officer identified as Controller received 150,000 shares on 10/14/2025, recorded at a price of $0. The filing notes these shares are represented by restricted stock units, each equal to one share of common stock.

The restricted stock units vest in three equal annual installments beginning October 13, 2026. Following this grant, the reporting person beneficially owned 220,821 shares, held directly.

Insights

Equity compensation analyst

Routine RSU grant disclosed; neutral impact.

NextDecade disclosed an officer award of 150,000 restricted stock units at $0 on 10/14/2025. RSUs are stock-based compensation that convert to shares upon vesting, aligning pay with long-term company performance.

The award vests in three equal annual tranches beginning October 13, 2026. Actual share delivery depends on time-based vesting; no cash proceeds to the issuer are involved for RSUs.

Post-transaction direct beneficial ownership is 220,821 shares. The disclosure is administrative and does not, by itself, indicate changes to operations or guidance.

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^*

Boylston Luke

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2025

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	10/14/2025		A		150,000(1)	A	$0	220,821	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. Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. The restricted stock units vest in three equal annual installments beginning October 13, 2026.

Remarks:

	/s/ Luke Boylston	10/16/2025
	** 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 did NextDecade (NEXT) disclose in this Form 4?

An officer reported the acquisition of 150,000 shares represented by restricted stock units on 10/14/2025 at a recorded price of $0.

How many RSUs were granted to the NextDecade officer?

150,000 restricted stock units, each representing one share of common stock.

What is the vesting schedule for the RSUs at NEXT?

They vest in three equal annual installments beginning October 13, 2026.

What was the officer’s ownership after the transaction?

Direct beneficial ownership was 220,821 shares following the reported grant.

Was there a purchase price for the RSUs?

The filing lists a price of $0, consistent with stock-based compensation grants such as RSUs.

Who signed the Form 4 for NextDecade (NEXT)?

The form was signed by Luke Boylston on 10/16/2025.