STOCK TITAN

New Fortress CEO Edens now holds 20.5% stake

CEO Wesley R. Edens reports a 20.5% beneficial stake in New Fortress Energy Class A shares following restructuring-related equity and debt transactions.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

New Fortress Energy Inc. (NFE) discloses that CEO Wesley R. Edens now beneficially owns 3,861,959 Class A shares, representing 20.5% of the Class A common stock. This percentage is based on 16,321,555 Class A shares outstanding as of September 11, 2026 plus 2,552,365 shares issuable from preferred stock.

Edens acquired additional equity in connection with the company’s Restructuring Transaction, including purchases of Class A shares and Series A Mandatorily Convertible Preferred Stock from existing creditors and through a discounted purchase of approximately $110 million of Term Loan A debt. Effective September 11, 2026, the issuer implemented a 1-for-50 reverse stock split, and all reported share amounts reflect this split.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment reports preferred shares with current voting rights and automatic Class A conversion on the third anniversary unless redeemed earlier.

As a Schedule 13D/A amendment, this updates an above-5% ownership report and states that the reported increase arose from the restructuring transaction.

The 54,959 Preferred Shares carry voting rights on an as-converted basis and, unless redeemed earlier, automatically convert on the third anniversary of the restructuring closing at 46.441271 Class A Shares per preferred share, subject to adjustment.

The reported 3,861,959 beneficial shares include 2,552,365 shares issuable on conversion; Edens has sole voting power over 3,861,959 shares but sole dispositive power over 1,309,594 shares.

Beneficial ownership 3,861,959 Class A shares Class A shares beneficially owned by Wesley R. Edens as of this amendment
Ownership percentage 20.5% Percent of Class A common stock represented by Edens’ beneficial ownership
Shares outstanding 16,321,555 Class A shares Class A shares outstanding as of September 11, 2026, used for ownership calculation
Shares issuable upon conversion 2,552,365 Class A shares Class A shares issuable upon conversion of 54,959 preferred shares held by Edens Family Partners LLC
Preferred shares held 54,959 Preferred Shares Series A Mandatorily Convertible Preferred Stock held by Edens Family Partners LLC
Equity purchase consideration $1,667,985.02 Aggregate consideration paid for 28,313 Class A shares and 6,671 preferred shares from existing creditors
Debt purchased Approximately $110 million Aggregate principal amount of Term Loan A debt purchased by Edens on March 31, 2026
Reverse stock split ratio 1-for-50 Reverse stock split for each Class A share effective September 11, 2026
Restructuring Transaction financial
"in connection with the Issuer's Restructuring Transaction (as defined and described"
Series A Mandatorily Convertible Preferred Stock financial
"shares of the Issuer's Series A Mandatorily Convertible Preferred Stock"
restructuring support agreement financial
"entered into a restructuring support agreement (the "RSA") with certain"
A restructuring support agreement is a written deal between a company and its key creditors or stakeholders that lays out how debts, contracts, or ownership will be changed to fix the company’s finances. It matters to investors because it reduces uncertainty by signaling a negotiated path to solvency or debt relief—like neighbors agreeing on a repayment plan—so it influences how much creditors and shareholders are likely to recover and how quickly the company can move forward.
Term Loan A Credit Agreement financial
"loans issued pursuant to the Term Loan A Credit Agreement, as amended"
reverse stock split financial
"the Issuer effected a reverse stock split at a ratio of 1-for-50"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

FAQ

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

What percentage of New Fortress Energy Inc. (NFE) does Wesley R. Edens currently beneficially own?

Wesley R. Edens beneficially owns 20.5% of New Fortress Energy Inc.’s Class A common stock, based on 16,321,555 Class A shares outstanding as of September 11, 2026 plus 2,552,365 Class A shares issuable upon conversion of preferred stock.

How many New Fortress Energy (NFE) Class A shares does Wesley R. Edens beneficially own?

Wesley R. Edens may be deemed to beneficially own 3,861,959 Class A shares, consisting of 957,337 shares held by Edens Family Partners LLC, 352,255 shares held by WRE 2012 GST Exempt Trust LLC, and 2,552,365 Class A shares issuable upon conversion of 54,959 preferred shares.

What new securities did Wesley R. Edens acquire in New Fortress Energy’s Restructuring Transaction?

In the Restructuring Transaction, Wesley R. Edens purchased 28,313 Class A shares and 6,671 Series A Mandatorily Convertible Preferred shares for $1,667,985.02, and received an additional 208,588 Class A shares and 48,288 preferred shares as lender consideration under the Term Loan A restructuring.

What is the conversion feature of New Fortress Energy’s Series A Mandatorily Convertible Preferred Stock held by Edens?

Each Series A Mandatorily Convertible Preferred Share held by Wesley R. Edens will, unless earlier redeemed, automatically convert on the third anniversary of the Restructuring Transaction closing into 46.441271 Class A shares, subject to adjustment under the terms of the Certificate of Designations.

How did Wesley R. Edens’ loan purchase relate to his New Fortress Energy (NFE) equity stake?

On March 31, 2026, Wesley R. Edens purchased approximately $110 million aggregate principal amount of Term Loan A debt at a discount. As a lender in the Restructuring Transaction, he received a pro rata share of consideration, including 208,588 Class A shares and 48,288 preferred shares.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The aggregate percentage of Class A Shares is based upon (i) a total of 16,321,555 Class A Shares outstanding as of September 11, 2026 and (ii) 2,552,365 Class A Shares issuable upon the conversion of 54,959 Preferred Shares held directly by the Reporting Person. Effective as of September 11, 2026, the Issuer effected a reverse stock split at a ratio of 1-for-50 for each Class A Share, and the number of Class A Shares reported in this Amendment reflects such reverse stock split.


SCHEDULE 13D


Wesley R. Edens
Signature:/s/ Wesley R. Edens
Name/Title:Wesley R. Edens/CEO
Date:09/15/2026

Keep reading