XCF Global (SAFX) major holder sells 2M shares via Encore DEC

Rhea-AI Filing Summary

XCF Global, Inc. major shareholder Randy Soule reported an indirect open-market sale of 2,000,000 shares of Class A Common Stock at $0.12 per share through Encore DEC, LLC. Following this sale, Soule indirectly owns 74,067,285 shares of XCF Global Class A Common Stock.

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

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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 NV 89506

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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	02/25/2026		S		2,000,000	D	$0.12	74,067,285	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	02/26/2026
	** 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).
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FAQ

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

XCF Global reported that major shareholder Randy Soule executed an indirect open-market sale of 2,000,000 shares of Class A Common Stock at $0.12 per share, through Encore DEC, LLC, as disclosed in a Form 4 insider trading report.

How many XCF Global (SAFX) shares were sold in the latest insider trade?

The filing shows an indirect sale of 2,000,000 shares of XCF Global Class A Common Stock. The transaction was executed at a price of $0.12 per share in an open-market or private transaction, according to the Form 4 disclosure.

What price per share was received in the XCF Global (SAFX) insider sale?

The reported sale price was $0.12 per share for the 2,000,000 XCF Global Class A Common Stock shares. This price reflects the execution level of the open-market or private sale described in the Form 4 transaction details.

How many XCF Global (SAFX) shares does Randy Soule own after the sale?

After the reported transaction, Randy Soule indirectly owns 74,067,285 shares of XCF Global Class A Common Stock. The ownership is reported as indirect, held as a member of Encore DEC, LLC according to the Form 4.

How is Randy Soule’s ownership in XCF Global (SAFX) characterized?

The ownership is characterized as indirect, with Soule listed as a member of Encore DEC, LLC. The Form 4 notes this relationship in the nature of ownership field, indicating that the shares are held through this related entity rather than directly.

What type of security was involved in the XCF Global (SAFX) insider transaction?

The transaction involved XCF Global’s Class A Common Stock. The Form 4 specifies that 2,000,000 non-derivative shares were sold in an open-market or private transaction, and that 74,067,285 Class A shares remain indirectly owned afterward.