Was the SurgePays (SURG) CEO’s 500,000 share transaction a market purchase or a grant?

The 500,000 SurgePays shares reported were a grant, not a market purchase. They were awarded to Kevin Brian Cox pursuant to his employment agreement and the 2022 Omnibus Securities and Incentive Plan, with a stated transaction price per share of 0.0000 in the filing.

Under what plan was the 500,000-share SurgePays (SURG) award to the CEO made?

The 500,000-share award to Kevin Brian Cox was made under SurgePays’ 2022 Omnibus Securities and Incentive Plan. The filing notes the grant was also pursuant to his employment agreement with the company, as amended, aligning the grant with existing compensation arrangements.

Does this SurgePays (SURG) Form 4 show any share sales by the CEO?

The Form 4 does not report any share sales by Kevin Brian Cox. It records a single acquisition transaction coded as a grant or award of 500,000 common shares, with no corresponding disposal, sale, or tax-withholding entries in the transaction summary.

SurgePays (SURG) CEO Kevin Cox granted 500,000 shares, now holds 1.8M directly

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cox Kevin Brian reported acquisition or exercise transactions in this Form 4 filing.

SurgePays, Inc. granted CEO and Chairman Kevin Brian Cox 500,000 shares of common stock on June 1, 2026 as an equity award under his amended employment agreement and the company’s 2022 Omnibus Securities and Incentive Plan. This was a compensation grant at no stated purchase price, not an open-market transaction.

After the award, Mr. Cox directly held 1,800,000 shares of common stock. He is also deemed to beneficially own additional shares held through related entities, including a marital trust and family investment LLCs, which together represent several million more shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cox Kevin Brian

Role CEO & Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	500,000	$0.00	--

Holdings After Transaction: Common Stock — 1,800,000 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Equity grant: 500,000 shares Direct holdings after grant: 1,800,000 shares LC Marital Trust holdings: 270,745 shares +3 more

6 metrics

Equity grant 500,000 shares Common stock award to CEO on June 1, 2026

Direct holdings after grant 1,800,000 shares SurgePays common stock held directly by CEO after award

LC Marital Trust holdings 270,745 shares Common stock held in LC Marital Trust dated May 17, 2021

BLC Family Investments LLC holdings 4,569,384 shares Common stock held in name of BLC Family Investments LLC

SMDMM Funding LLC holdings 561,758 shares Common stock held in name of SMDMM Funding LLC

Transaction price per share $0.0000 Stated per-share amount for the granted common stock

Key Terms

2022 Omnibus Securities and Incentive Plan, beneficially own, marital trust, LLC, +1 more

5 terms

2022 Omnibus Securities and Incentive Plan financial

"the issuer's 2022 Omnibus Securities and Incentive Plan."

beneficially own financial

"Mr. Cox is also deemed to beneficially own the following shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

marital trust financial

"270,745 shares of common stock held in the name of the LC Marital Trust"

LLC financial

"shares held in the name of BLC Family Investments LLC"

A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.

equity award financial

"the issuer awarded Mr. Cox 500,000 shares pursuant to Mr. Cox's employment agreement"

An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 04:15 PM

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^*

Cox Kevin Brian

(Last)

(First)

(Middle)

3124 BROTHER BLVD, SUITE 410

(Street)

BARLETT

TENNESSEE

38133

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SurgePays, Inc. [ SURG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	06/01/2026		A		500,000	A	$0⁽¹⁾	1,800,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On June 1, 2026, the issuer awarded Mr. Cox 500,000 shares pursuant to Mr. Cox's employment agreement with the issuer, as amended, and the issuer's 2022 Omnibus Securities and Incentive Plan. Following the award, Mr. Cox directly held 1,800,000 shares of common stock, and Mr. Cox is also deemed to beneficially own the following shares: (i) 270,745 shares of common stock held in the name of the LC Marital Trust Dated May 17, 2021, (ii) 4,569,384 shares held in the name of BLC Family Investments LLC, and (iii) 561,758 shares held in the name of SMDMM Funding LLC.

	/s/ Kevin Brian Cox	06/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did SurgePays (SURG) CEO Kevin Brian Cox report in this Form 4?

Kevin Brian Cox reported receiving a grant of 500,000 SurgePays common shares as equity compensation. The award was made under his amended employment agreement and the company’s 2022 Omnibus Securities and Incentive Plan, increasing his directly held common stock position.

How many SurgePays (SURG) shares does Kevin Brian Cox hold directly after the award?

Following the June 1, 2026 equity award, Kevin Brian Cox directly holds 1,800,000 shares of SurgePays common stock. This reflects his updated direct ownership position after receiving 500,000 additional shares granted as compensation, rather than through an open-market purchase.

What additional SurgePays (SURG) shares is Kevin Brian Cox deemed to beneficially own?

Beyond his direct holdings, Kevin Brian Cox is deemed to beneficially own 270,745 shares in the LC Marital Trust, 4,569,384 shares in BLC Family Investments LLC, and 561,758 shares in SMDMM Funding LLC, according to the footnote describing these related entities’ positions.