STOCK TITAN

[Form 4] NextDecade Corporation Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Matthew K. Schatzman, listed as the issuer's Chief Executive Officer and a director, filed a Form 4 reporting changes in his beneficial ownership of NextDecade Corp (NEXT). On 08/29/2025 he was recorded as acquiring 256,529 restricted stock units (each representing a contingent right to one share) at no cash price; those RSUs vest in three near-equal annual installments beginning August 31, 2026. The filing also shows 142,325 shares of common stock were disposed of on 08/29/2025 at $10.72 per share, representing shares withheld by the issuer to satisfy tax withholding obligations related to RSU vesting. After these transactions his reported direct beneficial ownership totaled 4,629,475 shares.

Matthew K. Schatzman, indicato come Chief Executive Officer e membro del consiglio dell'emittente, ha presentato un Modulo 4 per comunicare variazioni nella sua partecipazione azionaria in NextDecade Corp (NEXT). In data 29/08/2025 risulta aver acquisito 256.529 unità azionarie soggette a restrizioni (RSU), ciascuna corrispondente al diritto condizionato a una azione, senza pagamento in contanti; queste RSU matureranno in tre rate annuali quasi uguali a partire dal 31 agosto 2026. La comunicazione segnala inoltre la cessione di 142.325 azioni ordinarie il 29/08/2025 al prezzo di $10,72 per azione, operazione corrispondente all'imponibile trattenuto dall'emittente per coprire le imposte dovute sul vesting delle RSU. Dopo tali operazioni, la sua partecipazione diretta dichiarata ammonta a 4.629.475 azioni.

Matthew K. Schatzman, registrado como Director Ejecutivo y miembro del consejo de la emisora, presentó un Formulario 4 notificando cambios en su propiedad beneficiaria de NextDecade Corp (NEXT). El 29/08/2025 constan la adquisición de 256.529 unidades de acciones restringidas (RSU), cada una representando el derecho contingente a una acción, sin pago en efectivo; esas RSU devengarán en tres cuotas anuales casi iguales a partir del 31 de agosto de 2026. La presentación también muestra la disposición de 142.325 acciones ordinarias el 29/08/2025 a $10,72 por acción, correspondientes a acciones retenidas por la emisora para cubrir obligaciones fiscales relacionadas con el vesting de las RSU. Tras estas transacciones, su propiedad beneficiaria directa reportada suma 4.629.475 acciones.

발행사의 최고경영자(CEO)이자 이사로 등재된 Matthew K. Schatzman은 NextDecade Corp (NEXT)에 대한 자신의 실질 소유 변동을 보고하는 Form 4를 제출했습니다. 2025-08-29 기준으로 현금 지급 없이 각 1주에 대한 조건부 권리를 의미하는 256,529개의 제한부 주식 단위(RSU)를 취득한 것으로 기록되어 있으며, 해당 RSU는 2026년 8월 31일부터 시작되는 3년간 거의 동일한 연간 분할로 베스팅됩니다. 제출서류에는 또한 142,325주의 보통주가 2025-08-29에 주당 $10.72에 처분된 기록이 있으며, 이는 RSU 베스팅과 관련한 세금 원천징수를 충당하기 위해 발행사가 보유한 주식입니다. 이들 거래 후 보고된 그의 직접 실질 소유는 총 4,629,475주입니다.

Matthew K. Schatzman, indiqué comme directeur général (CEO) et administrateur de l'émetteur, a déposé un formulaire 4 signalant des changements dans sa participation bénéficiaire de NextDecade Corp (NEXT). Le 29/08/2025, il est enregistré comme ayant acquis 256 529 unités d'actions restreintes (RSU), chacune représentant un droit conditionnel à une action, sans contrepartie en espèces ; ces RSU seront acquises en trois versements annuels quasi égaux à partir du 31 août 2026. Le dépôt indique également que 142 325 actions ordinaires ont été cédées le 29/08/2025 au prix de 10,72 $ par action, représentant des actions retenues par l'émetteur pour couvrir les obligations fiscales liées à l'acquisition des RSU. Après ces opérations, sa participation bénéficiaire directe déclarée s'élève à 4 629 475 actions.

Matthew K. Schatzman, als Chief Executive Officer und Direktor des Emittenten aufgeführt, reichte ein Formular 4 ein, um Änderungen seiner wirtschaftlichen Beteiligung an NextDecade Corp (NEXT) zu melden. Am 29.08.2025 ist vermerkt, dass er 256.529 Restricted Stock Units (RSU) erworben hat, wobei jede RSU ein bedingtes Recht auf eine Aktie darstellt, ohne Barzahlung; diese RSU werden ab dem 31. August 2026 in drei annähernd gleich großen jährlichen Raten vesten. Die Einreichung zeigt außerdem, dass am 29.08.2025 142.325 Stammaktien zu je $10,72 veräußert wurden—Aktien, die vom Emittenten einbehalten wurden, um Steuerabzüge im Zusammenhang mit dem Vesting der RSU zu erfüllen. Nach diesen Transaktionen belief sich sein gemeldeter direkter wirtschaftlicher Besitz auf insgesamt 4.629.475 Aktien.

Positive
  • 256,529 restricted stock units granted, aligning executive compensation with future vesting schedule
  • Substantial direct ownership retained after transactions: 4,629,475 shares reported
Negative
  • 142,325 shares disposed at $10.72 per share to satisfy tax withholding obligations, reducing free shares held

Insights

TL;DR: CEO reported a mix of new RSU awards and share withholding for taxes; ownership remains sizable but transactions are routine.

The filing documents a grant of 256,529 restricted stock units to the CEO, with vesting deferred into three annual installments starting 08/31/2026, which aligns executive compensation with future retention and performance objectives. Separately, 142,325 shares were withheld at $10.72 to satisfy tax obligations from RSU vesting. These are standard administrative actions and do not indicate a change in strategic control. The reported direct ownership after the transactions is 4,629,475 shares, maintaining substantial insider stake.

TL;DR: The Form 4 shows executive compensation through RSUs and tax-withholding share disposals; transaction sizes are disclosed and verifiable.

The acquisition entry reflects issuance of 256,529 RSUs with zero purchase price, which creates potential future share dilution upon vesting but vests over multiple years beginning 08/31/2026. The disposal of 142,325 shares at $10.72 is explicitly identified as tax withholding related to RSU vesting on 08/29/2025. Both entries are clearly documented, providing transparency on insider share count adjustments; no derivative transactions were reported.

Matthew K. Schatzman, indicato come Chief Executive Officer e membro del consiglio dell'emittente, ha presentato un Modulo 4 per comunicare variazioni nella sua partecipazione azionaria in NextDecade Corp (NEXT). In data 29/08/2025 risulta aver acquisito 256.529 unità azionarie soggette a restrizioni (RSU), ciascuna corrispondente al diritto condizionato a una azione, senza pagamento in contanti; queste RSU matureranno in tre rate annuali quasi uguali a partire dal 31 agosto 2026. La comunicazione segnala inoltre la cessione di 142.325 azioni ordinarie il 29/08/2025 al prezzo di $10,72 per azione, operazione corrispondente all'imponibile trattenuto dall'emittente per coprire le imposte dovute sul vesting delle RSU. Dopo tali operazioni, la sua partecipazione diretta dichiarata ammonta a 4.629.475 azioni.

Matthew K. Schatzman, registrado como Director Ejecutivo y miembro del consejo de la emisora, presentó un Formulario 4 notificando cambios en su propiedad beneficiaria de NextDecade Corp (NEXT). El 29/08/2025 constan la adquisición de 256.529 unidades de acciones restringidas (RSU), cada una representando el derecho contingente a una acción, sin pago en efectivo; esas RSU devengarán en tres cuotas anuales casi iguales a partir del 31 de agosto de 2026. La presentación también muestra la disposición de 142.325 acciones ordinarias el 29/08/2025 a $10,72 por acción, correspondientes a acciones retenidas por la emisora para cubrir obligaciones fiscales relacionadas con el vesting de las RSU. Tras estas transacciones, su propiedad beneficiaria directa reportada suma 4.629.475 acciones.

발행사의 최고경영자(CEO)이자 이사로 등재된 Matthew K. Schatzman은 NextDecade Corp (NEXT)에 대한 자신의 실질 소유 변동을 보고하는 Form 4를 제출했습니다. 2025-08-29 기준으로 현금 지급 없이 각 1주에 대한 조건부 권리를 의미하는 256,529개의 제한부 주식 단위(RSU)를 취득한 것으로 기록되어 있으며, 해당 RSU는 2026년 8월 31일부터 시작되는 3년간 거의 동일한 연간 분할로 베스팅됩니다. 제출서류에는 또한 142,325주의 보통주가 2025-08-29에 주당 $10.72에 처분된 기록이 있으며, 이는 RSU 베스팅과 관련한 세금 원천징수를 충당하기 위해 발행사가 보유한 주식입니다. 이들 거래 후 보고된 그의 직접 실질 소유는 총 4,629,475주입니다.

Matthew K. Schatzman, indiqué comme directeur général (CEO) et administrateur de l'émetteur, a déposé un formulaire 4 signalant des changements dans sa participation bénéficiaire de NextDecade Corp (NEXT). Le 29/08/2025, il est enregistré comme ayant acquis 256 529 unités d'actions restreintes (RSU), chacune représentant un droit conditionnel à une action, sans contrepartie en espèces ; ces RSU seront acquises en trois versements annuels quasi égaux à partir du 31 août 2026. Le dépôt indique également que 142 325 actions ordinaires ont été cédées le 29/08/2025 au prix de 10,72 $ par action, représentant des actions retenues par l'émetteur pour couvrir les obligations fiscales liées à l'acquisition des RSU. Après ces opérations, sa participation bénéficiaire directe déclarée s'élève à 4 629 475 actions.

Matthew K. Schatzman, als Chief Executive Officer und Direktor des Emittenten aufgeführt, reichte ein Formular 4 ein, um Änderungen seiner wirtschaftlichen Beteiligung an NextDecade Corp (NEXT) zu melden. Am 29.08.2025 ist vermerkt, dass er 256.529 Restricted Stock Units (RSU) erworben hat, wobei jede RSU ein bedingtes Recht auf eine Aktie darstellt, ohne Barzahlung; diese RSU werden ab dem 31. August 2026 in drei annähernd gleich großen jährlichen Raten vesten. Die Einreichung zeigt außerdem, dass am 29.08.2025 142.325 Stammaktien zu je $10,72 veräußert wurden—Aktien, die vom Emittenten einbehalten wurden, um Steuerabzüge im Zusammenhang mit dem Vesting der RSU zu erfüllen. Nach diesen Transaktionen belief sich sein gemeldeter direkter wirtschaftlicher Besitz auf insgesamt 4.629.475 Aktien.

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*
Schatzman Matthew K

(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
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025
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 08/29/2025 A 256,529(1) A $0 4,771,800 D
Common Stock 08/29/2025 F 142,325(2) D $10.72 4,629,475 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 near-equal annual installments beginning August 31, 2026.
2. Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units on August 29, 2025.
Remarks:
/s/ Vera de Gyarfas, Attorney-in-fact 09/03/2025
** 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 transactions did NextDecade (NEXT) CEO Matthew Schatzman report on Form 4?

The Form 4 reports acquisition of 256,529 restricted stock units on 08/29/2025 and disposal of 142,325 common shares on 08/29/2025 at $10.72 per share for tax withholding.

How do the restricted stock units (RSUs) reported for NEXT vest?

The filing states the RSUs vest in three near-equal annual installments beginning August 31, 2026.

Why were 142,325 shares disposed of according to the Form 4?

The Form 4 explains those shares were withheld by the issuer to satisfy tax withholding obligations in connection with RSU vesting on 08/29/2025.

What is Matthew Schatzman's reported ownership after the transactions?

Following the reported transactions the filing shows he beneficially owned 4,629,475 shares directly.

Were any derivative securities reported in this Form 4 for NEXT?

No derivative securities or option transactions are reported in Table II of the filing; only non-derivative common stock/RSU entries appear.
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