New Fortress Energy: funds buy 43,846 preferred shares

The preferred shares will automatically convert on September 11, 2029 into 46.441271 Class A common shares each, subject to adjustment.

Rhea-AI Filing Summary

New Fortress Energy Inc. (NFE) reporting persons reported four indirect purchases of Series A Mandatorily Convertible Preferred Stock on September 30, 2026. Funds managed and advised by King Street Capital Management, L.P. purchased 43,846 shares across four transactions: 5,000 at $400 per share, 2,000 at $420, 5,000 at $415, and 31,846 at $440. The reporting persons were King Street Capital Management GP, L.L.C., King Street Capital Management, L.P., and Brian J. Higgins; no Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 43,846 shares

Net Buy 4 txns

Insider King Street Capital Management GP, L.L.C., KING STREET CAPITAL MANAGEMENT, L.P., HIGGINS BRIAN J

Role 10% Owner | 10% Owner | 10% Owner

Bought 43,846 shs ($18.93M)

Type	Security	Shares	Price	Value
Purchase	Series A Mandatorily Convertible Preferred Stock F1, F2, F3	5,000	$400.00	$2.00M
Purchase	Series A Mandatorily Convertible Preferred Stock F1, F2, F3	2,000	$420.00	$840K
Purchase	Series A Mandatorily Convertible Preferred Stock F1, F2, F3	5,000	$415.00	$2.08M
Purchase	Series A Mandatorily Convertible Preferred Stock F1, F2, F3	31,846	$440.00	$14.01M

Holdings After Transaction: Series A Mandatorily Convertible Preferred Stock — 301,730 contracts (Indirect, See footnotes)

Footnotes (3)

1. F1. Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, 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.
2. F2. Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP.
3. F3. On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.

Key Figures

Preferred shares purchased, transaction 1: 5,000 shares Purchase price, transaction 1: $400 per share Preferred shares purchased, transaction 2: 2,000 shares +5 more

8 metrics

Preferred shares purchased, transaction 1 5,000 shares September 30, 2026

Purchase price, transaction 1 $400 per share September 30, 2026

Preferred shares purchased, transaction 2 2,000 shares September 30, 2026

Purchase price, transaction 2 $420 per share September 30, 2026

Preferred shares purchased, transaction 3 5,000 shares September 30, 2026

Purchase price, transaction 3 $415 per share September 30, 2026

Preferred shares purchased, transaction 4 31,846 shares September 30, 2026

Purchase price, transaction 4 $440 per share September 30, 2026

Key Terms

Series A Mandatorily Convertible Preferred Stock, beneficial owner, pecuniary interest, Rule 16a-1(a)(4)

4 terms

Series A Mandatorily Convertible Preferred Stock technical

"Each share of Series A Mandatorily Convertible Preferred Stock"

beneficial owner regulatory

"may be deemed a beneficial owner of the Company securities disclosed herein"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"except to the extent of such Reporting Person's pecuniary interest therein"

Rule 16a-1(a)(4) regulatory

"pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NFE preferred shares did King Street-managed funds buy, and at what prices?

Funds managed and advised by King Street Capital Management, L.P. purchased 43,846 shares on September 30, 2026, across four transactions: 5,000 at $400 per share, 2,000 at $420, 5,000 at $415, and 31,846 at $440. No Rule 10b5-1 plan is reported.

What are the NFE Series A preferred stock conversion terms?

Each share of Series A Mandatorily Convertible Preferred Stock will automatically convert on September 11, 2029 into 46.441271 shares of Class A Common Stock, subject to adjustment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 04:02 PM Accepted by SEC EDGAR 10/01/2026 - 04:01 PM Learn about SEC filing dates

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^*

King Street Capital Management GP, L.L.C.

(Last) (First) (Middle)

299 PARK AVENUE

40TH FLOOR

(Street)

NEW YORK NEW YORK 10171

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
New Fortress Energy Inc. [ NFE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Series A Mandatorily Convertible Preferred Stock	(1)	09/30/2026		P		5,000		(1)	(1)	Class A Common Stock	232,206	$400	262,884	I	See Footnotes(2)(3)
Series A Mandatorily Convertible Preferred Stock	(1)	09/30/2026		P		2,000		(1)	(1)	Class A Common Stock	92,883	$420	264,884	I	See footnotes(2)(3)
Series A Mandatorily Convertible Preferred Stock	(1)	09/30/2026		P		5,000		(1)	(1)	Class A Common Stock	232,206	$415	269,884	I	See footnotes(2)(3)
Series A Mandatorily Convertible Preferred Stock	(1)	09/30/2026		P		31,846		(1)	(1)	Class A Common Stock	1,478,969	$440	301,730	I	See footnotes(2)(3)

1. Name and Address of Reporting Person^*

King Street Capital Management GP, L.L.C.

(Last) (First) (Middle)

299 PARK AVENUE

40TH FLOOR

(Street)

NEW YORK NEW YORK 10171

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

KING STREET CAPITAL MANAGEMENT, L.P.

(Last) (First) (Middle)

299 PARK AVENUE

40TH FLOOR

(Street)

NEW YORK NEW YORK 10171

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

HIGGINS BRIAN J

(Last) (First) (Middle)

299 PARK AVENUE

40TH FLOOR

(Street)

NEW YORK NEW YORK 10171

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, 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.

2. Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP.

3. On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.

	KING STREET CAPITAL MANAGEMENT, L.P., By King Street Capital Management GP, L.L.C., its general partner, By: /s/ Ricardo Marano, Ricardo Marano, Chief Compliance Officer	10/02/2026
	KING STREET CAPITAL MANAGEMENT GP, L.L.C., By: /s/ Ricardo Marano, Ricardo Marano, Authorized Signatory	10/02/2026
	/s/ Brian J. Higgins, BRIAN J. HIGGINS	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)