NEXTNRG CEO gifts 1M common shares
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Form Type
4
Rhea-AI Filing Summary
NEXTNRG, INC. CEO and Executive Chairman Michael D. Farkas reported a bona fide gift of 1,000,000 shares of common stock on June 18, 2026. The gift was recorded at a price of $0.0000 per share, indicating no sale proceeds.
After the gift, Farkas directly holds 62,497,924 shares of common stock. He also indirectly holds 12,900,188 shares through SIF Energy LLC, 26,578 shares through Balance Labs, Inc., and 154,827 shares through Inductive Holdings LLC, where he has voting and investment control.
The filing notes an additional 140,000 shares of Series B preferred stock held by Farkas, which may be convertible into 725,200 shares of common stock under the stated terms. The transactions in this report are transfers and holdings rather than open-market purchases or sales.
Insider Trade Summary
1,000,000 shares gifted
Gift
4 txns
Insider
FARKAS MICHAEL D
Role
CEO and Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,000,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,497,924 shares (Direct);
Common Stock — 13,081,593 shares (Indirect, See footnote)
Footnotes (4)
- F1. 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).
- F2. Held by SIF Energy LLC. The reporting person has voting and investment control over such shares.
- F3. Held by Balance Labs, Inc. The reporting person has voting and investment control over such shares.
- F4. Held by Inductive Holdings LLC. The reporting person has voting and investment control over such shares.
Key Figures
Gifted shares: 1,000,000 shares
Gift price: $0.0000 per share
Direct holdings post-transaction: 62,497,924 shares
+5 more
8 metrics
Gifted shares
1,000,000 shares
Bona fide gift of common stock on June 18, 2026
Gift price
$0.0000 per share
Reported price for the 1,000,000-share gift
Direct holdings post-transaction
62,497,924 shares
Common stock directly held after the gift
Indirect holdings via SIF Energy LLC
12,900,188 shares
Common stock with voting and investment control
Indirect holdings via Balance Labs, Inc.
26,578 shares
Common stock with voting and investment control
Indirect holdings via Inductive Holdings LLC
154,827 shares
Common stock with voting and investment control
Series B preferred shares
140,000 shares
Preferred stock held by reporting person
Common shares issuable on conversion
725,200 shares
Potential common stock from Series B preferred conversion
Key Terms
bona fide gift, Series B preferred stock, stated value, voting and investment control
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for 1,000,000 shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Series B preferred stock financial
"140,000 shares of Series B preferred stock held by the reporting person"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
stated value financial
"each with a stated value of $10.00 per share"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
voting and investment control financial
"The reporting person has voting and investment control over such shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NEXTNRG (NXXT) report for Michael Farkas?
NEXTNRG reported that CEO Michael D. Farkas made a bona fide gift of 1,000,000 shares of common stock on June 18, 2026. The gift was recorded at $0.0000 per share, meaning no sale proceeds were received from this transfer.
What indirect NEXTNRG (NXXT) holdings does Michael Farkas control?
Michael Farkas indirectly holds 12,900,188 NEXTNRG shares via SIF Energy LLC, 26,578 shares via Balance Labs, Inc., and 154,827 shares via Inductive Holdings LLC. In each case, he has voting and investment control over the indirectly held common stock.
Does the NEXTNRG (NXXT) Form 4 show any open-market stock sales or purchases?
The Form 4 shows a bona fide gift of 1,000,000 NEXTNRG shares at $0.0000 per share and several holding entries. It does not report any open-market purchases or sales, so no trading price or sale proceeds are disclosed in this filing.
What preferred stock holdings tied to NEXTNRG (NXXT) does Michael Farkas report?
Michael Farkas holds 140,000 shares of NEXTNRG Series B preferred stock, each with a stated value of $10.00. These preferred shares may be converted into 725,200 shares of common stock based on 70% of $2.78, the minimum price on the issuance date.
What does 'bona fide gift' mean in the NEXTNRG (NXXT) Form 4?
In this Form 4, a bona fide gift indicates Michael Farkas transferred 1,000,000 NEXTNRG shares without receiving payment. The transaction is coded as a gift rather than a sale, so it reflects a non-market transfer of ownership for those common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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