Form 4: NextNRG CEO Michael Farkas Donates 1 Million Shares to Sammy Farkas Foundation

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

Summary

• On April 17, 2025, Michael D. Farkas, CEO and Executive Chairman of NextNRG, Inc., disposed of 1,000,000 shares of common stock.
• The shares were donated as a bona fide gift to the Sammy Farkas Foundation Inc.
• Following the transaction, Farkas directly owns 62,150,968 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 amount of securities beneficially owned following the reported transaction is 75,232,561 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a change in ownership. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

This filing reflects a change in beneficial ownership by a company insider, which is a common occurrence. The donation to a foundation is a personal decision and may have tax implications for the individual.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, NXXT, NextNRG, Michael Farkas, Sammy Farkas Foundation, Share Donation