Form 4: NEXTNRG, INC. Insider Buys Shares

Michael D. Farkas, CEO and Executive Chairman of NEXTNRG, INC., acquired 21,739 shares of common stock through a dividend on Series B Preferred Shares.

Summary

• Michael D. Farkas, who holds the positions of Director, 10% Owner, Officer (CEO and Executive Chairman) of NEXTNRG, INC., reported a transaction on April 30, 2026.
• The transaction involved the acquisition of 21,739 shares of common stock, valued at $1.83 per share, issued as a dividend on Series B Preferred Shares held by Mr. Farkas.
• Following this transaction, Mr. Farkas beneficially owns a total of 63,237,924 shares of common stock.
• This total includes shares held directly and indirectly through SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC, over which Mr. Farkas has voting and investment control.
• The filing also notes that 725,200 shares of common stock may be issued upon conversion of 140,000 shares of Series B preferred stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While an insider acquisition is generally positive, it's a dividend issuance rather than a direct purchase, and the details surrounding preferred stock conversion are complex.

Positives

• Insider acquisition of shares, indicating confidence from a key executive.
• Dividend issuance on preferred shares, a positive sign for preferred shareholders.
• Significant beneficial ownership by CEO and Executive Chairman, aligning management interests with shareholders.

Negatives

• The acquisition is a dividend, not an open market purchase, which may not reflect new investment sentiment.
• The stated value of Series B preferred shares ($10.00) is significantly higher than the effective price per share received as a dividend ($1.83), though this is based on a conversion formula.

Risks

• Potential dilution from the conversion of Series B preferred stock into common stock.
• The effective conversion price of Series B preferred stock is tied to market prices, introducing volatility.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. However, the potential issuance of 725,200 common shares from Series B preferred stock conversion indicates a future possibility of increased share count.

Management Comments

• Shares issued as dividend on Series B Preferred Shares held by reporting person.
• Does not include 725,200 shares of common stock which may be issued upon conversion of 140,000 shares of Series B preferred stock held by the reporting person, each with a stated value of $10.00 per share, at 70% of $2.78 (the minimum price on the date of issuance).

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions, are closely watched by the market as they can signal management's conviction in the company's prospects. The nature of this acquisition as a dividend on preferred stock is a specific detail that requires careful interpretation regarding its implications for new investment.

Related Party Transactions

• The acquisition of common stock by Michael D. Farkas as a dividend on his Series B Preferred Shares is a transaction involving a related party (the reporting person).

Stakeholder Impact

• Shareholders: Potential for increased share count if preferred stock is converted, which could lead to dilution. The insider's acquisition may signal confidence, which could be viewed positively.
• Preferred Shareholders: The dividend issuance on Series B Preferred Shares is a direct benefit to these holders.
• Management: The CEO and Executive Chairman's increased beneficial ownership aligns his interests with common shareholders.

Next Steps

• Monitoring potential conversion of Series B preferred stock into common stock.
• Observing future transactions by Michael D. Farkas and other insiders.

Key Dates

Keywords

NEXTNRG, INC., NXXT, Form 4, Insider Trading, Beneficial Ownership, Common Stock, Series B Preferred Shares, Dividend, Michael D. Farkas, CEO, Executive Chairman, Director, 10% Owner