Encore DEC, LLC linked to SAFX ten percent owner sells 1.26M shares

Rhea-AI Filing Summary

XCF Global, Inc. reported that Encore DEC, LLC, an entity associated with ten percent owner Randy Soule, completed an open‑market sale of 1,261,830 shares of Class A Common Stock at $0.52 per share on March 12, 2026.

After this indirect sale, the filing shows 72,805,455 shares of Class A Common Stock held indirectly through Encore DEC, LLC. The transaction reflects a reduction in this indirect position while maintaining a substantial remaining stake.

Insider Trade Summary

Net Seller: 1,261,830 shares ($656,152)

Net Sell 1 txn

Insider SOULE RANDY

Role null

Sold 1,261,830 shs ($656K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,261,830	$0.52	$656K

Holdings After Transaction: Class A Common Stock — 72,805,455 shares (Indirect, Member of Encore DEC, LLC)

Footnotes (1)

Key Figures

Shares sold: 1,261,830 shares Price per share: $0.52 per share Shares held after transaction: 72,805,455 shares +1 more

4 metrics

Shares sold 1,261,830 shares Open-market sale of Class A Common Stock on March 12, 2026

Price per share $0.52 per share Reported transaction price for the March 12, 2026 sale

Shares held after transaction 72,805,455 shares Indirect Class A Common Stock holdings following the sale

Net shares sold 1,261,830 shares Net sell direction according to transaction summary

Key Terms

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

4 terms

open-market sale financial

"completed an open‑market sale of 1,261,830 shares of Class A Common Stock"

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.

Class A Common Stock financial

"completed an open‑market sale of 1,261,830 shares of Class A Common Stock at $0.52 per share"

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.

ten percent owner financial

"an entity associated with ten percent owner Randy Soule"

indirect ownership financial

"held indirectly through Encore DEC, LLC"

Form 4 Insider Transactions: What Each Field Means →

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)
03/12/2026

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	03/12/2026		S		1,261,830	D	$0.52	72,805,455	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	04/21/2026
	** 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)

FAQ

What insider transaction did SAFX report for Randy Soule?

XCF Global, Inc. reported that Encore DEC, LLC, an entity associated with ten percent owner Randy Soule, executed an open-market sale of 1,261,830 shares of Class A Common Stock at $0.52 per share on March 12, 2026.

How many SAFX shares were sold in the March 12, 2026 transaction?

The filing shows Encore DEC, LLC sold 1,261,830 shares of XCF Global, Inc. Class A Common Stock. These shares were disposed of in an open-market sale at a reported transaction price of $0.52 per share on March 12, 2026.

What price did the insider-associated entity receive per SAFX share?

The Form 4 reports a transaction price of $0.52 per share for the 1,261,830 Class A Common Stock shares sold by Encore DEC, LLC on March 12, 2026, reflecting an open-market sale linked to ten percent owner Randy Soule.

How many SAFX shares remain held after the reported sale?

After the March 12, 2026 transaction, the filing states that 72,805,455 shares of XCF Global, Inc. Class A Common Stock are held indirectly. This remaining position is reported as being held through Encore DEC, LLC, associated with ten percent owner Randy Soule.

Is Randy Soule’s SAFX ownership direct or indirect in this filing?

The Form 4 characterizes the reported Class A Common Stock holdings as indirect, with ownership described as "Member of Encore DEC, LLC." The sale and post-transaction holdings are therefore attributed to shares held through Encore DEC, LLC rather than directly by Randy Soule.

What type of transaction was reported in the SAFX Form 4?

The transaction is labeled as an open-market sale of non-derivative Class A Common Stock, with transaction code “S.” The filing specifies that Encore DEC, LLC sold 1,261,830 shares at $0.52 per share on March 12, 2026, reducing its indirect holdings.