NXG Insider Filing: CFO Exercises Rights for 200 Shares at $44.92

Rhea-AI Filing Summary

Nelson Blake, listed as CFO & Treasurer and an officer of NXG NextGen Infrastructure Income Fund (NXG), reported an open-market style acquisition on 08/20/2025. He acquired 200 common shares at a subscription price of $44.92 by exercising transferable rights from the Fund's rights offering, which expired on August 13, 2025. Following the allocation and pro-ration process, the confirmed shares were allocated on August 20, 2025.

After this transaction, the filing shows 500 common shares beneficially owned by the reporting person. The disclosure notes the shares came from the rights offering and were confirmed to exercising rights holders after over-subscription allocations.

Positive

• Exercise of transferable rights completed and disclosed, showing compliance with reporting obligations
• Transaction details provided: exercise date 08/20/2025 and subscription price $44.92 are explicitly stated
• Beneficial ownership updated to 500 common shares following allocation, with allocation process described

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer exercised rights to acquire 200 shares at $44.92, raising direct beneficial ownership to 500 shares; impact appears immaterial to valuation.

The reported transaction is a standard exercise of transferable rights from a rights offering, not an open-market purchase. The size—200 shares at $44.92—results in a modest increase in the reporting person's stake to 500 shares. For most investors this level of insider buying is unlikely to be material given no additional economic context such as total outstanding shares or percentage ownership. The filing provides clear mechanics: expiration on August 13, pro-rata allocation, and confirmation on August 20.

Corporate Governance Expert

TL;DR: Transaction is procedural exercise under a rights offering; disclosure complies with Section 16 reporting norms and presents no governance red flags.

The Form 4 documents an officer-level insider exercising transferrable rights in a rights offering and timely reporting the resulting change in beneficial ownership. The form identifies the reporting person as CFO & Treasurer and records the exercise date, subscription price, and post-transaction holdings. There is no indication of related-party conflict, derivative use, or Amendment to prior filings. From a governance perspective, the filing is routine and transparent.

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
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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^*

Nelson Blake

(Last) (First) (Middle)

4925 GREENVILLE AVENUE

SUITE 1310

(Street)

DALLAS TX 75206

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NXG NextGen Infrastructure Income Fund [ NXG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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

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

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

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
Common Shares of Beneficial Interest	08/20/2025		P		200	A	$44.92(1)	500	D

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

Explanation of Responses:

1. Shares were acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering, which expired on August 13, 2025, at the subscription price of $44.92. The number of common shares acquired was confirmed to exercising rights holders on August 20, 2025, following the pro-ration and allocation of shares pursuant to the over-subscription privilege.

	/s/ Brad Mead	08/22/2025
	** 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.

FAQ

What transaction did Nelson Blake report on Form 4 for NXG?

The Form 4 reports that Nelson Blake acquired 200 common shares on 08/20/2025 by exercising transferable rights from a rights offering.

At what price were the NXG shares acquired in the reported transaction?

The shares were acquired at the rights offering subscription price of $44.92 per share.

How many NXG shares does the reporting person beneficially own after the transaction?

The filing shows 500 common shares beneficially owned following the reported transaction.

When did the NXG rights offering expire and when were allocations confirmed?

The rights offering expired on August 13, 2025, and the number of shares acquired was confirmed to exercising rights holders on August 20, 2025.

What is the reporting person's role at NXG as stated on the Form 4?

The reporting person is identified as an Officer with the titles CFO & Treasurer.