NextNRG CEO reports stock dividend; total holdings 75,276,039
Rhea-AI Filing Summary
NextNRG (NXXT) insider update: Michael D. Farkas, Director, CEO and Executive Chairman, reported acquiring 21,739 shares of common stock at $1.83 on 10/20/2025.
The filing states these shares were issued as a dividend on Series B Preferred Shares held by the reporting person. Following the transaction, Farkas beneficially owns 75,276,039 shares. This includes shares held directly and indirectly through SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC, over which he has voting and investment control.
Positive
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Negative
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Insights
Administrative Form 4; small acquisition via dividend, neutral impact.
Michael D. Farkas reported receiving 21,739 NextNRG common shares at $1.83 on 10/20/2025. The note clarifies the shares were issued as a dividend on Series B Preferred, indicating a corporate action rather than an open‑market buy or sale.
Post‑transaction beneficial ownership is disclosed at 75,276,039 shares, held directly and via SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC, with voting and investment control. The filing does not describe cash proceeds or sales; actual market impact depends on broader float and holder actions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 21,739 | $1.83 | $40K |
Footnotes (1)
- Shares issued as a dividend on Series B Preferred Shares held by the Reporting Person. Amount of Securities Beneficially Owned includes (i) 62,194,446 shares of Common Stock held directly, (ii) 154,827 shares of Common Stock held by SIF Energy LLC, (iii) 26,578 shares of Common Stock held by Balance Labs, Inc., and (iv) 12,900,188 shares of Common Stock held by Inductive Holdings LLC. The Reporting Person has voting and investment control of such shares of Common Stock held by SIF Energy LLC, Balance Labs, Inc. and Inductive Holdings LLC.