Wesley Edens (NFE) boosts New Fortress Energy stake with $110M loan purchase

Rhea-AI Filing Summary

Wesley R. Edens filed Amendment No. 7 to his Schedule 13D on New Fortress Energy Inc., updating his holdings and a new financing move. He now beneficially owns 53,634,666 Class A Shares, representing 18.8% of the Class A common stock, based on 284,552,811 shares outstanding as of November 14, 2025.

Edens agreed on March 31, 2026 to purchase approximately $110 million aggregate principal amount of loans under the company’s Term Loan A Credit Agreement, funding this with personal funds. When a Restructuring Support Agreement closes, he is expected to receive a pro rata mix of Class A Shares and preferred stock convertible into Class A Shares.

Insights

Equity ownership & capital structure analyst

Edens maintains an 18.8% stake and adds $110M credit exposure.

Wesley R. Edens reports beneficial ownership of 53,634,666 Class A Shares, or 18.8% of New Fortress Energy, based on 284,552,811 shares outstanding as of November 14, 2025. The shares are held through entities he controls, with sole voting and dispositive power.

On March 31, 2026, Edens entered an Assignment and Assumption Agreement to buy about $110 million in loans under the Term Loan A Credit Agreement, using personal funds. This gives him additional creditor exposure alongside his equity position.

Following consummation of the Restructuring Support Agreement disclosed on March 17, 2026, he is expected to receive a pro rata portion of lender consideration, including an indeterminate amount of Class A Shares and preferred stock convertible into Class A Shares. The actual impact on his ownership percentage will depend on final consideration terms and overall issuance levels.

Key Figures

Beneficial ownership: 53,634,666 Class A Shares Ownership percentage: 18.8% of Class A common stock Shares outstanding: 284,552,811 Class A Shares +2 more

5 metrics

Beneficial ownership 53,634,666 Class A Shares Shares beneficially owned by Wesley R. Edens

Ownership percentage 18.8% of Class A common stock Based on 284,552,811 shares outstanding as of November 14, 2025

Shares outstanding 284,552,811 Class A Shares Outstanding as of November 14, 2025 per Form 10-Q

Loan purchase amount $110 million aggregate principal Loans under Term Loan A Credit Agreement purchased March 31, 2026

Sole voting power 53,634,666 shares Sole voting and dispositive power reported on cover page

Key Terms

Schedule 13D, Restructuring Support Agreement, Term Loan A Credit Agreement, Assignment and Assumption Agreement, +2 more

6 terms

Schedule 13D regulatory

"This filing constitutes Amendment No. 7 (this "Amendment") to the filed by Wesley R. Edens"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Restructuring Support Agreement financial

"Upon closing of the transactions contemplated by the Restructuring Support Agreement as disclosed in the Issuer's Form 8-K"

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

"the Issuer's Credit Agreement, dated as of July 19, 2024 ... (the "Term Loan A Credit Agreement")"

Assignment and Assumption Agreement financial

"entered into an Assignment and Assumption Agreement pursuant to which the Reporting Person agreed to purchase"

An assignment and assumption agreement is a legal document that transfers a contract’s rights from one party to another while also shifting the related responsibilities and obligations to the receiving party. Think of it as handing over a job along with its to-do list and agreeing who will complete each task going forward. Investors care because such transfers can change who is responsible for payments, liabilities or performance, which can affect a company’s financial risk and future cash flow.

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 53,634,666.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

convertible into Class A Shares financial

"shares of preferred stock convertible into Class A Shares"

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

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Accepted by SEC EDGAR 04/02/2026 - 06:28 PM Learn about SEC filing dates

FAQ

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

Wesley R. Edens beneficially owns 53,634,666 Class A Shares of New Fortress Energy. This represents 18.8% of the Class A common stock, based on 284,552,811 shares outstanding as of November 14, 2025, as reported in the company’s Form 10-Q.

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

According to the amended Schedule 13D, Wesley R. Edens beneficially owns 18.8% of New Fortress Energy’s Class A common stock. This figure is calculated using 284,552,811 Class A shares outstanding as of November 14, 2025, as disclosed in the issuer’s Form 10-Q filing.

What new transaction did Wesley R. Edens disclose in this Schedule 13D/A for NFE?

Edens disclosed an agreement to purchase approximately $110 million aggregate principal amount of loans under New Fortress Energy’s Term Loan A Credit Agreement. The transaction is documented in an Assignment and Assumption Agreement dated March 31, 2026, reflecting a significant personal credit investment alongside his equity stake.

How did Wesley R. Edens fund the $110 million loan purchase related to New Fortress Energy (NFE)?

The filing states that Wesley R. Edens funded the approximately $110 million loan purchase with personal funds. This means the capital for acquiring the loans under the Term Loan A Credit Agreement came directly from him, not from New Fortress Energy or related issuer resources.

What securities might Wesley R. Edens receive in New Fortress Energy’s restructuring?

Upon closing of the Restructuring Support Agreement, Edens is expected to receive a pro rata share of lender consideration. The filing notes this consideration is expected to include an indeterminate amount of Class A Shares and preferred stock convertible into Class A Shares, tied to the loan position.

Through which entities does Wesley R. Edens hold his New Fortress Energy (NFE) shares?

The filing explains that Edens holds Class A Shares through WRE 2012 GST Exempt Trust LLC and Edens Family Partners LLC, entities he controls. He has the sole right to receive dividends and proceeds from sale of the Class A Shares reported as beneficially owned in the Schedule 13D/A.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

New Fortress Energy Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

644393100

(CUSIP Number)

Wesley R. Edens
111 W. 19th St., 8th Floor,
New York, NY, 10011
5162687400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/31/2026

(Date of Event Which Requires Filing of This Statement)

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

CUSIP Number(s): 644393100

1

Name of reporting person

Wesley R. Edens

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 53,634,666.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 53,634,666.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

53,634,666.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

18.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Calculations are based upon a total of 284,552,811 shares of Class A common stock outstanding as of November 14, 2025, as reported by the Issuer in its Form 10-Q filed with the SEC on November 21, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock
(b)	Name of Issuer: New Fortress Energy Inc.
(c)	Address of Issuer's Principal Executive Offices: 111 W. 19th Street, 8th Floor, New York, NEW YORK , 10011.
Item 1 Comment: This filing constitutes Amendment No. 7 (this "Amendment") to the Schedule 13D filed by Wesley R. Edens (the "Reporting Person") with the Securities and Exchange Commission (the "SEC") on February 11, 2019 (the "Original Schedule 13D"), as amended by Amendment No. 1 filed with the SEC on March 28, 2019, by Amendment No. 2 filed with the SEC on June 11, 2020, by Amendment No. 3 filed with the SEC on March 18, 2021, by Amendment No. 4 filed with the SEC on June 15, 2021, by Amendment No. 5 filed with the SEC on May 22, 2023 and by Amendment No. 6 filed with the SEC on October 3, 2024 (the Original Schedule 13D, as previously amended and as further amended and supplemented by this Amendment, the "Schedule 13D") with respect to the shares of Class A common stock ("Class A Shares") of New Fortress Energy Inc., a Delaware corporation (the "Issuer"). The Reporting Person is filing this Amendment to disclose that, on March 31, 2026, the Reporting Person entered into an Assignment and Assumption Agreement pursuant to which the Reporting Person agreed to purchase approximately $110 million aggregate principal amount of the loans (the "Loan Purchase") issued pursuant to the Issuer's Credit Agreement, dated as of July 19, 2024, by and among the Issuer, as the borrower, the guarantors from time to time party thereto, the several lenders from time to time party thereto, and Morgan Stanley Senior Funding Inc., as administrative agent and collateral agent (the "Term Loan A Credit Agreement"). Upon closing of the transactions contemplated by the Restructuring Support Agreement as disclosed in the Issuer's Form 8-K filed on March 17, 2026, the Reporting Person is expected to receive a pro rata portion of the consideration to be received by the lenders under the Term Loan A Credit Agreement, which consideration is expected to include an indeterminate amount of Class A Shares and shares of preferred stock convertible into Class A Shares. Other than as set forth in this Amendment, all previous Items of the Original Schedule 13D, as previously amended, are unchanged. Capitalized terms used in this Amendment and not otherwise defined shall have the same meanings ascribed to them in the Original Schedule 13D, as previously amended.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 to the Schedule 13D is hereby amended by the addition of the following text: The Reporting Person funded the Loan Purchase with personal funds.
Item 4.	Purpose of Transaction
	The information in comments to Item 1 of this Amendment is hereby incorporated by reference into this Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	The information contained in rows 11 and 13 of the cover page to this Schedule 13D is incorporated herein by reference.
(b)	The information contained in rows 7 through 10 of the cover page to this Schedule 13D is incorporated herein by reference.
(c)	Except for the transactions described in Item 1 of this Amendment, the Reporting Person has not engaged in any transaction during the past 60 days involving Class A Shares.
(d)	The Reporting Person holds Class A Shares through WRE 2012 GST Exempt Trust LLC (formerly known as WRE 2012 Trust LLC) and Edens Family Partners LLC, entities controlled by the Reporting Person, but has the sole right to receive or direct the receipt of dividends on and the proceeds from the sale of the Class A Shares reported on the cover page of this Schedule 13D and in this Item 5. No other person is known by the Reporting Person to have the right to receive or the power to direct the receipt of dividends on or the proceeds from the sale of the Class A Shares beneficially owned by the Reporting Person.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1 Assignment and Acceptance Agreement, dated March 31, 2026, by and between Morgan Stanley Senior Funding, Inc. and Wesley R. Edens.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wesley R. Edens

Signature:	/s/ Wesley R. Edens
Name/Title:	Wesley R. Edens/CEO
Date:	04/02/2026