NEXT insider reports RSU milestone share acquisitions on Oct 16, 2025

Rhea-AI Filing Summary

NextDecade (NEXT) reported insider equity activity. The Interim CFO filed a Form 4 showing two acquisitions of common stock at $0 on October 16, 2025 tied to restricted stock units (RSUs) and milestone achievement.

The filing lists 20,860 shares from RSUs that vested upon a milestone and 20,861 shares from RSUs that became earned upon the same milestone. The earned RSUs vest in two near-equal annual installments beginning October 16, 2026. Following these transactions, the reporting person beneficially owned 510,415 shares, held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mott Michael

Role Interim CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,860	$0.00	--
Grant/Award	Common Stock	20,861	$0.00	--

Holdings After Transaction: Common Stock — 489,554 shares (Direct)

Footnotes (1)

1. Represents restricted stock units that vested upon Issuer's achievement of a milestone-based performance criteria on October 16, 2025. Represents restricted stock units that became earned to the Reporting Person upon Issuer's achievement of a milestone-based performance criteria on October 16, 2025. Such restricted stock units vest in two near-equal annual installments beginning on October 16, 2026.

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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^*

Mott Michael

(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)
	Interim CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2025

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	10/16/2025		A		20,860(1)	A	$0	489,554	D
Common Stock	10/16/2025		A		20,861(2)	A	$0	510,415	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 restricted stock units that vested upon Issuer's achievement of a milestone-based performance criteria on October 16, 2025.

2. Represents restricted stock units that became earned to the Reporting Person upon Issuer's achievement of a milestone-based performance criteria on October 16, 2025. Such restricted stock units vest in two near-equal annual installments beginning on October 16, 2026.

Remarks:

	/s/ Vera de Gyarfas, Attorney-in-fact	10/20/2025
	** 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 two acquisitions of common stock at $0 on October 16, 2025 related to RSU milestone achievements.

How many shares were acquired by the officer of NEXT?

The filing shows 20,860 shares from vested RSUs and 20,861 shares from RSUs that became earned on October 16, 2025.

What triggered the RSU events for NEXT’s officer?

The issuer’s achievement of a milestone-based performance criterion on October 16, 2025.

What is the vesting schedule for the earned RSUs?

They vest in two near-equal annual installments beginning on October 16, 2026.

How many NEXT shares does the officer own after these transactions?

Following the reported transactions, the officer beneficially owned 510,415 shares, held directly.

What is the reporting person’s role at NextDecade?

The reporting person is an Officer, serving as Interim CFO.