Form 4: EzFill Holdings Insider Michael Farkas Acquires Shares as Payment for Commitment Fees

Michael Farkas, a director and 10% owner of EzFill Holdings, acquired 86,722 shares of common stock as payment for commitment fees.

Summary

• On April 5, 2024, Michael D. Farkas, a director and 10% owner of EzFill Holdings Inc., acquired 86,722 shares of common stock.
• The shares were issued as payment for commitment fees related to promissory notes dated February 28, March 8, and March 15, 2024, between EzFill and NextNRG Holding Corp.
• Following the transaction, Farkas beneficially owns 1,118,567 shares through various entities including The Farkas Group, Inc., SIF Energy LLC, Balance Labs, Inc., and NextNRG Holding Corp.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider activity. The sentiment is neutral as it simply reports a transaction.

Related Party Transactions

• The shares were issued as payment for commitment fees pursuant to certain promissory notes dated as of February 28, March 8, and March 15, 2024, between the Issuer and NextNRG Holding Corp., where the Reporting Person is the Chief Executive Officer and Chairman.

Stakeholder Impact

• The acquisition of shares by a director could be viewed positively by shareholders as it signals confidence in the company.

Key Dates

Keywords

EzFill Holdings, Michael Farkas, insider trading, Form 4, beneficial ownership, equity securities, NextNRG Holding Corp, commitment fees