XCF Global (SAFX) affiliate reports Form 4 sales of 1.56M shares

Rhea-AI Filing Summary

XCF Global, Inc. insider reporting person Randy Soule, a greater-than-10% owner, reported a series of indirect sales of Class A common stock through Encore DEC, LLC, where he is listed as a member. On January 13, 2026, Encore DEC, LLC sold multiple 200,000-share blocks at prices between $0.1574 and $0.1762 per share. On January 14, 2026, it sold an additional 161,363 shares at $0.1536 per share and two further 200,000-share blocks at $0.1514 and $0.1525 per share. Following the last reported transaction, Encore DEC, LLC held 76,067,285 XCF Global Class A common shares indirectly attributed to Soule.

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)
01/13/2026

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	01/13/2026		S		200,000	D	$0.1574	77,428,648	I	Member of Encore DEC, LLC
Class A Common Stock	01/13/2026		S		200,000	D	$0.1576	77,228,648	I	Member of Encore DEC, LLC
Class A Common Stock	01/13/2026		S		200,000	D	$0.1596	77,028,648	I	Member of Encore DEC, LLC
Class A Common Stock	01/13/2026		S		200,000	D	$0.1701	76,828,648	I	Member of Encore DEC, LLC
Class A Common Stock	01/13/2026		S		200,000	D	$0.1762	76,628,648	I	Member of Encore DEC, LLC
Class A Common Stock	01/14/2026		S		161,363	D	$0.1536	76,467,285	I	Member of Encore DEC, LLC
Class A Common Stock	01/14/2026		S		200,000	D	$0.1514	76,267,285	I	Member of Encore DEC, LLC
Class A Common Stock	01/14/2026		S		200,000	D	$0.1525	76,067,285	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	01/15/2026
	** 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.
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FAQ

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

The filing reports that Class A common shares of XCF Global, Inc. were sold indirectly through Encore DEC, LLC, an entity where reporting person Randy Soule is a member. All transactions involved open-market sales coded as "S" for sale.

How many XCF Global (SAFX) shares did the Encore DEC, LLC affiliate sell?

Encore DEC, LLC sold several blocks of XCF Global Class A common stock, including multiple 200,000-share sales and one 161,363-share sale over January 13–14, 2026, as detailed in the transaction table.

At what prices were the XCF Global (SAFX) shares sold in these transactions?

The reported sales of Class A common stock occurred at prices between $0.1514 and $0.1762 per share, with specific trades disclosed at $0.1514, $0.1525, $0.1536, $0.1574, $0.1576, $0.1596, $0.1701, and $0.1762.

How many XCF Global (SAFX) shares remained indirectly owned after the reported sales?

After the final reported transaction on January 14, 2026, Encore DEC, LLC held 76,067,285 shares of XCF Global Class A common stock, reported as indirectly owned by Randy Soule through his membership interest in the LLC.

Is the reporting person a director or a major shareholder of XCF Global (SAFX)?

The reporting person, Randy Soule, is identified as a greater-than-10% owner of XCF Global, Inc. in the filing, with the disclosed holdings reported as indirectly owned through Encore DEC, LLC.

Were any derivative securities reported for XCF Global (SAFX) in this Form 4?

The section for derivative securities shows column headers but no completed entries, indicating that no derivative securities transactions were reported in this filing.