Form 4: Michael Farkas Disposes of 1,000,000 Shares of NextNRG as Gift to Sammy Farkas Foundation

Michael Farkas, CEO and Executive Chairman of NextNRG, Inc., reports the disposition of 1,000,000 shares of common stock as a gift to the Sammy Farkas Foundation.

Summary

• On March 26, 2025, Michael Farkas, CEO and Executive Chairman of NextNRG, Inc., disposed of 1,000,000 shares of common stock.
• The disposition was a bona fide gift to the Sammy Farkas Foundation Inc.
• Following the transaction, Farkas directly owns 63,118,596 shares.
• Farkas indirectly owns 154,827 shares through SIF Energy LLC, 26,578 shares through Balance Labs, Inc., and 12,900,188 shares through Inductive Holdings LLC.
• The total number of securities beneficially owned following the reported transaction is 76,200,189.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The gift of shares to the Sammy Farkas Foundation may have a minor impact on the overall shareholder structure.

Key Dates

Keywords

Form 4, Beneficial Ownership, Michael Farkas, NEXTNRG, NXXT, Sammy Farkas Foundation, Share Disposal, Gift