Welcome to our dedicated page for Nextdecade SEC filings (Ticker: NEXT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NextDecade Corporation's SEC filings document the financing, governance and capital-structure records tied to its Rio Grande LNG development business. Recent 8-K reports describe material definitive agreements for Rio Grande LNG Train 4 and Train 5 subsidiaries, including common terms agreements, equity contribution agreements, credit agreements, collateral and intercreditor arrangements, secured debt instruments, notes and related security documents.
The filings also cover amended credit arrangements at a wholly owned indirect subsidiary, exchangeable loan features, officer employment and compensation agreements, chief financial officer transition disclosures, board appointments and annual proxy matters. Proxy materials include executive compensation, equity awards, director elections and shareholder meeting governance for the Nasdaq-listed common stock.
NextDecade (NEXT) reported insider equity activity by its General Counsel. On October 16, 2025, 49,668 restricted stock units vested upon achievement of a milestone-based performance criterion, and the company withheld 19,545 shares at $6.11 to cover taxes. An additional 49,669 RSUs became earned the same day and are scheduled to vest in two near-equal annual installments beginning October 16, 2026. Following these transactions, the reporting person directly held 982,033 shares.
NextDecade Corp (NEXT) reported insider equity activity by its Chief Operating Officer on a Form 4. On October 16, 2025, 49,668 restricted stock units vested upon achievement of a milestone-based performance criterion. To cover taxes, 16,682 shares of common stock were withheld at $6.11 per share (Transaction Code F). The filing also notes 49,669 additional RSUs became earned upon the same milestone; these RSUs vest in two near-equal annual installments beginning October 16, 2026.
Following the reported transactions, the officer beneficially owned 281,848 shares of common stock, held directly. These entries use Transaction Code A for RSU-related acquisitions at $0 price.
NextDecade (NEXT) reported an insider equity update: its Chief Financial Officer filed a Form 4 reflecting restricted stock unit activity tied to a milestone achieved on October 16, 2025.
The filing shows 74,503 RSUs vested (acquired at $0) and 38,034 shares were withheld by the company at $6.11 to cover taxes. A separate grant of 74,503 RSUs became earned upon the milestone and is scheduled to vest in two near-equal annual installments beginning October 16, 2026. Following these transactions, the CFO’s beneficial ownership is 1,515,142 shares, held directly.
These entries reflect routine equity compensation mechanics—vesting upon performance, share withholding for taxes, and a forward vesting schedule for newly earned RSUs.
NextDecade Corp (NEXT) reported insider equity activity by its Chief Executive Officer and Director on 10/16/2025. The officer had 223,509 restricted stock units (RSUs) vest. To cover taxes, the issuer withheld 87,951 shares at a price of $6.11. In addition, 223,510 RSUs became earned upon achievement of a milestone-based performance criterion and are scheduled to vest in two equal annual installments beginning 10/16/2026.
Following the reported transactions, the officer’s direct beneficial ownership stood at 5,605,384 shares of common stock.
NextDecade Corp (NEXT) reported insider holdings via a Form 3. The reporting person serves as Interim CFO and is identified as an officer. The filing lists 468,694 shares of common stock held with direct (D) ownership.
The event date for this initial statement of beneficial ownership is 10/07/2025. This is a routine Section 16 disclosure establishing the officer’s baseline equity position.
NextDecade Corporation approved a final investment decision for the Rio Grande LNG Train 5 project and executed a comprehensive project financing package. RG5 entered a construction/term loan facility of $3.589 billion, a private placement of $500 million 6.56% senior secured notes due 2050, and related common terms, collateral, and intercreditor agreements. The company also arranged a FinCo facility of $1.463 billion (with a $1.192 billion letter of credit sublimit) and expanded Super FinCo borrowing by $600 million to be consolidated into a $1.2 billion tranche at 13.0%.
The EPC lump-sum for Train 5 is approximately $4.36 billion, with total project costs estimated at $6.66 billion; commercial operations are expected in the first half of 2031. Covenants include hedging requirements and a minimum debt service coverage ratio of 1.10:1.00. RG5 paid $117 million to NextDecade LNG, LLC for reimbursed development and services fees. Equity for Train 5 will be funded through JV agreements and the FinCo/Super FinCo structures.
Governance changes include appointing Luke Boylston as Chief Accounting Officer with a grant of 150,000 RSUs, and a transition agreement with outgoing CFO Brent Wahl, including 74,503 RSUs vesting per grant terms.
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.
NextDecade Corporation disclosed that its Chief Financial Officer, Brent Wahl, informed the company on October 6, 2025 that he will resign effective October 20, 2025. The company and Mr. Wahl intend to enter a consulting arrangement covering the period through December 31, 2025 to support a smooth transition. The company named Michael Mott, age 65, as interim principal financial officer while a search for a permanent CFO is conducted. Mr. Mott joined NextDecade in June 2021 and has served in several senior roles including Senior Vice President, Enterprise Transformation (appointed July 2024) and Senior Vice President, Carbon Solutions (since February 2022), and previously held CFO and senior finance roles at other energy companies.
Hanwha Aerospace Co., Ltd. reported insider purchases of NextDecade Corp (NEXT) common stock on 09/23/2025 and 09/24/2025. On 09/23/2025 Hanwha Aerospace bought 551,819 shares at a weighted average price of $6.9856, increasing reported direct beneficial ownership to 18,088,187 shares. On 09/24/2025 it purchased 449,510 shares at a weighted average price of $7.0193, raising reported direct ownership to 18,537,697 shares. The filing also shows 17,536,369 shares held indirectly by Hanwha Ocean LLC, which Hanwha Aerospace may be deemed to beneficially own. The reporting person disclaims beneficial ownership except to the extent of its pecuniary interest and notes potential group affiliation but disclaims membership.
Insider purchase disclosed on Form 4: Director Edward Andrew Scoggins Jr. reported buying 15,000 shares of NextDecade Corp (NEXT) on 09/18/2025 at a weighted-average price of $6.4557, representing purchases executed at prices ranging from $6.41 to $6.48. After these purchases the reporting person beneficially owns 200,070 shares directly.
The filing is a single-person Form 4 and is signed by the reporting person on 09/19/2025. The reporting person commits to provide, upon request, the breakdown of shares purchased at each price within the disclosed range.
Insider purchase disclosed on Form 4: Director Edward Andrew Scoggins Jr. reported buying 15,000 shares of NextDecade Corp (NEXT) on 09/18/2025 at a weighted-average price of $6.4557, representing purchases executed at prices ranging from $6.41 to $6.48. After these purchases the reporting person beneficially owns 200,070 shares directly.
The filing is a single-person Form 4 and is signed by the reporting person on 09/19/2025. The reporting person commits to provide, upon request, the breakdown of shares purchased at each price within the disclosed range.