NextBoat CFO nets 33,767 shares via RSU vest

NextBoat Inc.’s Chief Financial Officer Corbin Chad Gregory reported routine equity compensation activity tied to Restricted Stock Units (RSUs).

Rhea-AI Filing Summary

NextBoat Inc.’s Chief Financial Officer Corbin Chad Gregory reported routine equity compensation activity tied to Restricted Stock Units (RSUs). A grant of 100,000 RSUs vested on May 26, 2026, each RSU converting into one share of common stock.

Upon vesting, he surrendered 16,233 shares to the company to cover tax withholding, based on a market price of $2.44 per share, and received 33,767 net shares. The filing notes that no shares were sold into the market. Two additional RSU grants of 50,000 shares each remain unvested.

Insider Trade Summary

100,000 shares exercised/converted

Exercise 3 txns

Insider Corbin Chad Gregory

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Common Stock	50,000	$2.44	$122K
Exercise Price or Tax Liability	Common Stock	16,233	$2.44	$40K
Exercise	RSUs	100,000	$0.00	$0.00

Holdings After Transaction: RSUs — 100,000 contracts (Direct); Common Stock — 33,767 shares (Direct)

Footnotes (5)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon vesting.
2. F2. These RSUs vested in full on the six-month anniversary of the grant date (May 26, 2026), subject to the Reporting Person's continued employment with the Company. Upon vesting, the Reporting Person surrendered 16,233 shares to the Company to satisfy tax withholding obligations. The net shares issued to the Reporting Person were 33,767. No shares were sold into the market.
3. F3. The market price of the Company's common stock on the vesting date was $2.44 per share.
4. F4. Reflects shares remaining from two additional RSU grants of 50,000 shares each made on 11/26/2025, which have not yet vested.
5. F5. Represents shares of common stock acquired upon vesting and conversion of RSUs.

Key Figures

RSUs vested: 100,000 RSUs Shares surrendered for taxes: 16,233 shares Net shares issued: 33,767 shares +3 more

6 metrics

RSUs vested 100,000 RSUs Converted into common stock on May 26, 2026

Shares surrendered for taxes 16,233 shares Used to satisfy tax withholding on RSU vesting

Net shares issued 33,767 shares Common stock received by CFO after tax withholding

Market price on vesting date $2.44 per share Price used to determine tax withholding shares

Unvested RSU grants 2 × 50,000 RSUs Two additional RSU grants that have not yet vested

Shares held after tax withholding 33,767 shares Total common shares following the tax-withholding disposition

Key Terms

Restricted Stock Unit ("RSU"), tax withholding obligations, market price, vesting, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

tax withholding obligations financial

"surrendered 16,233 shares to the Company to satisfy tax withholding obligations"

market price financial

"The market price of the Company's common stock on the vesting date was $2.44 per share"

Market price is the current amount buyers are willing to pay and sellers are willing to accept for a share or other security at a given moment, like the tag on an item in a busy shop that changes with demand. It matters to investors because it determines what you would receive when selling or what you must pay to buy now, reflecting supply, demand and recent news that affect perceived value.

vesting financial

"These RSUs vested in full on the six-month anniversary of the grant date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NextBoat (OTH) report for its CFO?

NextBoat’s CFO reported RSU vesting that converted 100,000 RSUs into common shares. He then surrendered 16,233 shares to cover taxes and received 33,767 net shares, with no shares sold into the open market.

How many NextBoat (OTH) shares did the CFO receive after tax withholding?

After tax withholding, the CFO received 33,767 net shares of NextBoat common stock. He surrendered 16,233 shares back to the company to satisfy tax obligations related to the RSU vesting event on May 26, 2026.

What was the share price used for the CFO’s tax withholding at NextBoat (OTH)?

The tax withholding was calculated using a market price of $2.44 per NextBoat share. This price applied on the RSU vesting date and determined how many shares, 16,233 in total, were surrendered to cover the related tax obligations.

Did the NextBoat (OTH) CFO sell any shares into the market in this Form 4?

No, the filing states that no shares were sold into the market. Shares were only surrendered back to the company, 16,233 in total, to satisfy tax withholding obligations tied to the RSU vesting and share issuance.

What RSU grants remain for the NextBoat (OTH) CFO after this transaction?

The filing notes two additional RSU grants of 50,000 shares each remain unvested. These awards are separate from the 100,000 RSUs that vested on May 26, 2026 and will convert into shares only upon future vesting.

How many RSUs vested for the NextBoat (OTH) CFO on May 26, 2026?

A total of 100,000 Restricted Stock Units vested for the CFO on May 26, 2026. Each RSU represents a contingent right to receive one share of NextBoat common stock upon vesting, resulting in new shares before tax withholding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 08:51 PM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Corbin Chad Gregory

(Last) (First) (Middle)

1701 JEL WADE DRIVE

(Street)

WILMINGTON NORTH CAROLINA 28401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NextBoat Inc. [ OTH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

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 Stock(2)	05/26/2026		M		50,000	A	$2.44(3)	50,000	D
Common Stock(2)	05/26/2026		F		16,233	D	$2.44	33,767	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
RSUs(1)	(1)	11/26/2025		M			100,000	(4)	(4)	Common Stock	100,000(5)	(1)	100,000(4)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon vesting.

2. These RSUs vested in full on the six-month anniversary of the grant date (May 26, 2026), subject to the Reporting Person's continued employment with the Company. Upon vesting, the Reporting Person surrendered 16,233 shares to the Company to satisfy tax withholding obligations. The net shares issued to the Reporting Person were 33,767. No shares were sold into the market.

3. The market price of the Company's common stock on the vesting date was $2.44 per share.

4. Reflects shares remaining from two additional RSU grants of 50,000 shares each made on 11/26/2025, which have not yet vested.

5. Represents shares of common stock acquired upon vesting and conversion of RSUs.

	/s/ Chad Corbin	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)