Form 4: NEXTNRG, INC. Director Acquires Shares

Michael D. Farkas, Director and CEO of NEXTNRG, INC., acquired 260,000 shares of common stock through a stock purchase agreement, settling a prior liability.

Summary

• Michael D. Farkas, who holds multiple key positions including Director, CEO, and Executive Chairman at NEXTNRG, INC., has acquired 260,000 shares of common stock.
• This acquisition occurred on June 16, 2026, through a stock purchase agreement with the issuer.
• The shares were acquired at a price of $0.386 per share, totaling $100,360.
• In lieu of cash payment, Mr. Farkas settled a liability of $100,360 owed to him by the issuer, which was documented in a note dated March 7, 2024.
• Following this transaction, Mr. Farkas beneficially owns 63,497,924 shares of common stock directly.
• Additionally, he holds indirect beneficial ownership of other shares through SIF Energy LLC (725,200 shares potentially issuable upon conversion of Series B preferred stock), Balance Labs, Inc. (154,827 shares), and Inductive Holdings LLC (26,578 shares and 12,900,188 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral to slightly positive. While an insider increasing their stake is generally positive, the low acquisition price and settlement of debt rather than cash payment suggest potential underlying financial pressures or a depressed stock valuation.

Positives

• Director and CEO Michael D. Farkas has increased his direct beneficial ownership of NEXTNRG, INC. common stock.
• The transaction demonstrates a commitment from a key executive to the company's equity.
• The acquisition was structured to resolve a pre-existing liability, potentially strengthening the company's balance sheet by reducing outstanding debt.
• Mr. Farkas's total direct and indirect beneficial ownership remains substantial, indicating continued significant investment in the company.

Negatives

• The acquisition price of $0.386 per share is relatively low, which could be interpreted negatively if it reflects a depressed valuation of the company's stock.
• The settlement of a liability through share issuance might indicate the company's cash flow constraints or its inability to repay the debt in cash.

Risks

• The filing does not explicitly detail future risks, but the low per-share acquisition price could suggest underlying concerns about the company's market valuation or future performance.
• The indirect ownership through various LLCs could introduce complexities in governance or transparency, although Mr. Farkas retains voting and investment control.

Future Outlook

The filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• Mr. Farkas has voting and investment control over shares held by SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The acquisition of shares by a CEO and Director, especially when settling a debt, can be viewed as a signal of confidence, but the low per-share price warrants further investigation into the company's current valuation and market sentiment.

Related Party Transactions

• The acquisition of 260,000 shares by Michael D. Farkas from NEXTNRG, INC. on June 16, 2026, for $0.386 per share, settling a $100,360 liability owed to Mr. Farkas.

Stakeholder Impact

• Shareholders: The transaction may be viewed positively as an insider increasing their stake, but the low price could raise concerns about the company's valuation.
• Creditors: The settlement of a liability owed to Mr. Farkas reduces the company's debt obligations.
• Management: Reinforces the alignment of management's interests with shareholders through equity ownership.

Next Steps

• Monitor future SEC filings for further transactions by Mr. Farkas or other insiders.
• Analyze the company's financial health and market performance to understand the context of the $0.386 per share acquisition price.

Key Dates

Keywords

SEC Form 4, Insider Transaction, NEXTNRG, INC., NXXT, Michael D. Farkas, Stock Purchase Agreement, Common Stock, Beneficial Ownership, Director, CEO, Executive Chairman, Liability Settlement