XCF Global insider sells 9M shares

XCF Global, Inc. disclosed that major shareholder Randy Soule, through indirect ownership as a member of Encore DEC, LLC, executed an open-market sale of 9,000,000 shares of Class A Common Stock at $0.344 per share on April 30, 2026.

Rhea-AI Filing Summary

XCF Global, Inc. disclosed that major shareholder Randy Soule, through indirect ownership as a member of Encore DEC, LLC, executed an open-market sale of 9,000,000 shares of Class A Common Stock at $0.344 per share on April 30, 2026. After this transaction, the filing shows indirect holdings of 63,805,455 shares of Class A Common Stock.

Insights

Equity markets analyst

Large insider sale trims, but does not exit, a major position.

A ten percent owner associated with XCF Global, Inc. reported an open-market sale of 9,000,000 shares of Class A Common Stock at $0.344 per share. The transaction is reported as indirect ownership through Encore DEC, LLC.

Following the sale, the filing shows remaining indirect holdings of 63,805,455 shares. This indicates the holder reduced, but did not liquidate, their position. The filing does not state any trading plan or specific rationale for the transaction.

Insider Trade Summary

Net Seller: 9,000,000 shares

Net Sell 1 txn

Insider SOULE RANDY

Role 10% Owner

Sold 9,000,000 shs ($3.10M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	9,000,000	$0.344	$3.10M

Holdings After Transaction: Class A Common Stock — 63,805,455 shares (Indirect, Member of Encore DEC, LLC)

Key Figures

Shares sold: 9,000,000 shares Sale price: $0.344 per share Shares held after: 63,805,455 shares +1 more

4 metrics

Shares sold 9,000,000 shares Open-market sale of Class A Common Stock on April 30, 2026

Sale price $0.344 per share Price for the 9,000,000-share open-market sale

Shares held after 63,805,455 shares Indirect Class A Common Stock holdings following the transaction

Net insider activity 9,000,000 shares sold Form 4 transactionSummary net-sell direction

Key Terms

open-market sale, indirect ownership, ten percent owner, Class A Common Stock

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

""direct_or_indirect": "I", "ownership_type": "indirect""

ten percent owner financial

""is_ten_percent_owner": 1"

Class A Common Stock financial

""security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

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

What insider transaction did XCF Global (SAFX) report in this Form 4?

XCF Global reported an indirect open-market sale of 9,000,000 shares of Class A Common Stock at $0.344 per share. The transaction is attributed to ten percent owner Randy Soule through Encore DEC, LLC, as shown in the Form 4 data.

Who conducted the 9,000,000-share sale reported for XCF Global (SAFX)?

The sale is reported for ten percent owner Randy Soule, with ownership described as indirect through Encore DEC, LLC. The filing indicates Soule as the reporting person and classifies the trade as an open-market or private transaction in Class A Common Stock.

At what price were the XCF Global (SAFX) shares sold in the reported insider trade?

The 9,000,000 shares of XCF Global Class A Common Stock were sold at $0.344 per share. This price applies to the reported open-market sale executed on April 30, 2026, as disclosed in the Form 4 transaction details.

How many XCF Global (SAFX) shares does the insider hold after the sale?

After the 9,000,000-share sale, the Form 4 shows indirect holdings of 63,805,455 shares of Class A Common Stock. These shares are reported as indirectly owned through Encore DEC, LLC, reflecting the position remaining following the disclosed transaction.

Is the XCF Global (SAFX) insider transaction direct or indirect ownership?

The transaction involves indirect ownership. The Form 4 marks the ownership as “I” for indirect and notes the nature of ownership as membership in Encore DEC, LLC, indicating the shares are held through that entity rather than directly.

Does the XCF Global (SAFX) Form 4 show a net buy or net sell position?

The Form 4 shows a net-sell position. Transaction summary data lists 9,000,000 shares sold, zero shares bought, and a net buy/sell direction of “net-sell,” reflecting the single reported open-market sale on April 30, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/08/2026 - 11:03 AM 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^*

SOULE RANDY

(Last) (First) (Middle)

425 WESTERN RD - SUITE 102

(Street)

RENO NEVADA 89506

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
XCF Global, Inc. [ SAFX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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
Class A Common Stock	04/30/2026		S		9,000,000	D	$0.344	63,805,455	I	Member of Encore DEC, LLC

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:

	Randy Soule	05/08/2026
	** 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)