NEXTNRG (NXXT) CEO Farkas reports 21,739-share stock dividend award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Michael D. Farkas, CEO, executive chairman, director and 10% owner of NEXTNRG, INC., reported receiving 21,739 shares of common stock on February 2, 2026 at $1.83 per share. The shares were issued as a dividend on Series B preferred shares he holds, bringing his directly owned common stock to 63,216,185 shares.
He also reports indirect beneficial ownership of 154,827 shares held by SIF Energy LLC, 26,578 shares held by Balance Labs, Inc., and 12,900,188 shares held by Inductive Holdings LLC, over which he has voting and investment control. Separately, up to 725,200 shares of common stock may be issued upon conversion of 140,000 Series B preferred shares he holds, based on the stated conversion terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
FARKAS MICHAEL D
Role
CEO and Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,739 | $1.83 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 63,216,185 shares (Direct);
Common Stock — 154,827 shares (Indirect, See footnote)
Footnotes (1)
- Shares issued as dividend on Series B Preferred Shares held by reporting person. Does not include 725,200 shares of common stock which may be issued upon conversion of 140,000 shares of Series B preferred stock held by the reporting person, each with a stated value of $10.00 per share, at 70% of $2.78 (the minimum price on the date of issuance). Held by SIF Energy LLC. The reporting person has voting and investment control over such shares. Held by Balance Labs, Inc. The reporting person has voting and investment control over such shares. Held by Inductive Holdings LLC. The reporting person has voting and investment control over such shares.
FAQ
What insider transaction did Michael D. Farkas report for NEXTNRG, INC. (NXXT)?
Michael D. Farkas reported acquiring 21,739 shares of NEXTNRG common stock on February 2, 2026. The shares were issued as a dividend on Series B preferred shares he holds, at a reported price of $1.83 per share, increasing his direct ownership stake.
What roles does Michael D. Farkas hold at NEXTNRG, INC. (NXXT) according to this Form 4?
Michael D. Farkas is identified as a director, a 10% owner, and an officer of NEXTNRG, INC. His officer titles are CEO and executive chairman. These roles underscore his significant leadership position and substantial ownership stake in the company’s common equity.