Newsmax holder sells 53,500 shares at $11.03
A ten percent owner of Newsmax Inc. reported selling 53,500 Class B shares while retaining over 22.6 million shares.
Rhea-AI Filing Summary
Newsmax Inc. (NMAX) had a Form 4 filed for major shareholder CONYERS INVESTMENTS LLC, identified as a ten percent owner. On September 2, 2026, this entity sold 53,500 shares of Class B common stock at an average price of $11.0308 per share in an open market or private transaction. After the sale, it continued to hold 22,696,089 Class B shares directly. No Rule 10b5-1 trading plan is reported for this transaction.
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Insights
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Insider Trade Summary
Net Seller: 53,500 shares
Net Sell
1 txn
Insider
CONYERS INVESTMENTS LLC
Role
10% Owner
Sold
53,500 shs ($590K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | CLASS B COMMON STOCK | 53,500 | $11.0308 | $590K |
Holdings After Transaction:
CLASS B COMMON STOCK — 22,696,089 shares (Direct)
Key Figures
Shares sold: 53,500 shares
Sale price: $11.0308 per share
Shares held after transaction: 22,696,089 shares
3 metrics
Shares sold
53,500 shares
Class B common stock sold on September 2, 2026 by a ten percent owner
Sale price
$11.0308 per share
Average price for the 53,500 Class B shares sold on September 2, 2026
Shares held after transaction
22,696,089 shares
Class B common stock directly owned by CONYERS INVESTMENTS LLC after the sale
FAQ
What insider transaction did NMAX disclose in this Form 4?
The filing reports that CONYERS INVESTMENTS LLC, a ten percent owner, sold 53,500 shares of Newsmax Inc. Class B common stock on September 2, 2026 in an open market or private transaction at an average price of $11.0308 per share.
Was the NMAX insider sale made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for this transaction.
Who is the reporting person in the Newsmax Inc. (NMAX) Form 4?
The reporting person is CONYERS INVESTMENTS LLC, identified in the filing as a ten percent owner of Newsmax Inc., reporting transactions in Class B common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.