NXG Cushing Midstream (SRV) director reports rights-offering share buy

Rhea-AI Filing Summary

NXG Cushing Midstream Energy Fund director share purchase disclosed

A director of NXG Cushing Midstream Energy Fund reported buying 250 common shares of the fund on December 18, 2025 at a price of $39.89 per share. The transaction arose from exercising rights to acquire common shares in the fund’s transferable rights offering, which expired on December 11, 2025 at the same subscription price.

After this transaction, the director beneficially owns 1,008 common shares, which includes 8 shares acquired through an automatic dividend reinvestment plan. This filing reflects a relatively small, rights-driven increase in the director’s personal investment in the fund.

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^*

Alban John

(Last) (First) (Middle)

4925 GREENVILLE AVENUE

SUITE 1310

(Street)

DALLAS TX 75206

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NXG Cushing Midstream Energy Fund [ SRV ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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
Common Stock	12/18/2025(1)		P		250	A	$39.89	1,008(2)	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

Explanation of Responses:

1. Shares were acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering, which expired on December 11, 2025, at the subscription price of $39.89. The number of common shares acquired was confirmed to exercising rights holders on December 18, 2025, following the pro-ration and allocation of shares pursuant to the over-subscription privilege.

2. Includes 8 shares of common stock acquired through an Automatic Dividend Reinvestment Plan (DRIP).

	/s/ Brad Mead	12/19/2025
	** 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.

FAQ

What insider transaction did NXG Cushing Midstream Energy Fund (SRV) report?

A director reported purchasing 250 common shares of NXG Cushing Midstream Energy Fund on December 18, 2025 at $39.89 per share.

How were the new SRV shares acquired by the director?

The 250 shares were acquired by exercising rights to buy common shares in a transferable rights offering that expired on December 11, 2025 at a subscription price of $39.89.

How many SRV shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 1,008 common shares of NXG Cushing Midstream Energy Fund.

Does the SRV director’s reported ownership include dividend reinvestment shares?

Yes. The reported 1,008 common shares include 8 shares acquired through an Automatic Dividend Reinvestment Plan (DRIP).

What was the pricing detail of the SRV rights offering?

The rights offering referenced in the filing expired on December 11, 2025, with a subscription price of $39.89 per common share.

When was the number of SRV shares from the rights offering confirmed?

The number of common shares acquired in the rights offering was confirmed to exercising rights holders on December 18, 2025, after pro-ration and allocation.