New Fortress Energy reports Victor Khosla 10% stake
New Fortress Energy Inc. (NFE) received an initial insider ownership report from several affiliated Strategic Value investment funds and Victor Khosla, each identified as a ten percent owner.
Rhea-AI Filing Summary
New Fortress Energy Inc. (NFE) received an initial insider ownership report from several affiliated Strategic Value investment funds and Victor Khosla, each identified as a ten percent owner. The group reports indirect holdings of Series A Mandatorily Convertible Preferred Stock, including blocks convertible into 1,411,582 and 4,834,536 shares of Class A common stock, plus additional indirectly held common stock. Each share of this preferred stock will automatically convert on the third anniversary of its issue date into 46.441271 shares of Class A common stock, subject to adjustment. The reporting persons state that these securities are held by specific funds they manage and collectively disclaim beneficial ownership, except to the extent of their pecuniary interest.
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Insights
Analyzing...
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Strategic Value Partners, LLC, Strategic Value Excelsior Fund, L.P., Khosla Victor, Strategic Value Capital Solutions II MF L.P., Strategic Value Special Situations Master Fund V, L.P., Strategic Value Special Situations VI MF, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Mandatorily Convertible Preferred Stock F6, F1, F5 | -- | -- | -- |
| holding | Series A Mandatorily Convertible Preferred Stock F6, F2, F5 | -- | -- | -- |
| holding | Series A Mandatorily Convertible Preferred Stock F6, F3, F5 | -- | -- | -- |
| holding | Series A Mandatorily Convertible Preferred Stock F6, F4, F5 | -- | -- | -- |
| holding | Class A Common Stock F1, F5 | -- | -- | -- |
| holding | Class A Common Stock F2, F5 | -- | -- | -- |
| holding | Class A Common Stock F3, F5 | -- | -- | -- |
| holding | Class A Common Stock F4, F5 | -- | -- | -- |
Holdings After Transaction:
Series A Mandatorily Convertible Preferred Stock — 14,175,035 contracts (Indirect, See Footnotes);
Class A Common Stock — 1,318,372 shares (Indirect, See Footnotes)
Footnotes (6)
- F1. Held directly by Strategic Value Capital Solutions II MF L.P. ("SVCS II MF"). SVP Capital Solutions II LLC ("SVP Capital Solutions II") is the investment manager of SVCS II MF. SVP Capital Solutions GP II Ltd. is the general partner of SVCS II MF.
- F2. Held directly by Strategic Value Excelsior Fund, L.P. ("Excelsior"). SVP Excelsior Management LLC ("Excelsior Management") is the investment manager of Excelsior. SVP Excelsior Fund GP Ltd. and SVP Excelsior Fund GP (Series VI) Ltd. are the general partners of Excelsior.
- F3. Held directly by Strategic Value Special Situations Master Fund V, L.P. ("SVSS V"). SVP Special Situations V LLC ("SVPSS V LLC") is the investment manager of SVSS V. SVP Special Situations GP V Ltd. is the general partner of SVSS V.
- F4. Held directly by Strategic Value Special Situations VI MF, L.P. ("SVSS VI MF"). SVP Special Situations VI LLC ("SVPSS VI LLC") is the investment manager of SVSS VI MF. SVP Special Situations GP VI Ltd. is the general partner of SVSS VI MF.
- F5. Strategic Value Partners, LLC, which is indirectly controlled by Victor Khosla, is the managing member of SVPSS VI LLC, Excelsior Management, SVPSS V LLC and SVP Capital Solutions II. The filing of this Form 3 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the securities reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.
- F6. Each share of Preferred Stock will automatically convert on the third anniversary of the issue date into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment.
Key Figures
Underlying common shares (tranche 1): 1,411,582 shares of Class A common stock
Underlying common shares (tranche 2): 486,147 shares of Class A common stock
Underlying common shares (tranche 3): 7,442,770 shares of Class A common stock
+2 more
5 metrics
Underlying common shares (tranche 1)
1,411,582 shares of Class A common stock
Underlying shares for one Series A Mandatorily Convertible Preferred Stock position held indirectly as of September 11, 2026
Underlying common shares (tranche 2)
486,147 shares of Class A common stock
Underlying shares for another Series A Mandatorily Convertible Preferred Stock position held indirectly as of September 11, 2026
Underlying common shares (tranche 3)
7,442,770 shares of Class A common stock
Underlying shares for a Series A Mandatorily Convertible Preferred Stock position held indirectly as of September 11, 2026
Underlying common shares (tranche 4)
4,834,536 shares of Class A common stock
Underlying shares for a Series A Mandatorily Convertible Preferred Stock position held indirectly as of September 11, 2026
Conversion ratio
46.441271 shares of Class A common stock per preferred share
Automatic conversion ratio for each share of Series A Mandatorily Convertible Preferred Stock on the third anniversary of its issue date
Key Terms
Mandatorily Convertible Preferred Stock, Class A Common Stock, beneficial owners, pecuniary interest, +1 more
5 terms
Mandatorily Convertible Preferred Stock financial
"Each share of Preferred Stock will automatically convert on the third anniversary"
Class A Common Stock financial
"convert on the third anniversary of the issue date into a number of shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
beneficial owners financial
"shall not be construed as an admission that the Reporting Persons are or were ... the beneficial owners"
Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.
pecuniary interest financial
"The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest"
Section 16(a) of the Securities Exchange Act of 1934 regulatory
"for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Form 3 report for New Fortress Energy Inc. (NFE)?
It reports that several Strategic Value investment funds and Victor Khosla are ten percent owners of New Fortress Energy Inc., with indirect holdings of Series A Mandatorily Convertible Preferred Stock and Class A common stock held through managed funds.
What is the conversion ratio for NFE’s Series A Mandatorily Convertible Preferred Stock?
Each share of Series A Mandatorily Convertible Preferred Stock will automatically convert into 46.441271 shares of Class A common stock, subject to adjustment, on the third anniversary of the issue date, according to the footnotes in the filing.
Do the reporting persons claim full beneficial ownership of the NFE securities?
No. The reporting persons state that the securities are held by specific funds they manage and that the Form 3 filing should not be construed as an admission of beneficial ownership, which they disclaim except to the extent of their pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
