SCHEDULE: Randy Soule Updates XCF Global Ownership Stake

Randy Soule and Encore DEC, LLC filed an amendment to their Schedule 13D disclosing recent sales of XCF Global, Inc. common stock.

Summary

• Randy Soule and his entity, Encore DEC, LLC, filed an amendment to their Schedule 13D regarding their holdings in XCF Global, Inc.
• Randy Soule maintains beneficial ownership of 77,383,239 shares, representing 26.2% of the class.
• Encore DEC, LLC holds 21,683,000 shares, representing 7.3% of the class.
• The filing details recent divestment activity, including an open market sale and a private sale of shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the reduction in ownership by a major stakeholder and the execution of a private sale at a significantly lower price point than previous market transactions.

Positives

• The reporting person maintains a significant 26.2% ownership stake, indicating continued alignment with the company's long-term interests.

Negatives

• The reporting person has reduced their position through both open market and private sales.
• The private sale on April 30, 2026, was executed at $0.344 per share, which is lower than the $0.52 per share price achieved in the March 12, 2026, open market transaction.

Risks

• The reporting persons reserve the right to purchase or sell additional shares of XCF Global, Inc. at their discretion, which may create volatility in the share price.

Future Outlook

The reporting persons do not currently intend to take actions described in Items 4(a) through (j) of Schedule 13D, but reserve the right to purchase or sell common stock at their discretion.

Industry Context

StockSavvy.ai notes that significant shareholder divestment, particularly through private sales at lower price points, often signals a lack of near-term confidence or a need for liquidity by major stakeholders, which can influence market sentiment regarding the issuer's valuation.

Comparison to Industry Standards

• The filing reflects standard regulatory compliance for major shareholders (greater than 5%) under SEC rules.
• The use of private sales for large blocks of shares is a common mechanism for major holders to exit positions without causing immediate, extreme volatility on public exchanges.

Legal Proceedings

• None disclosed.

Related Party Transactions

• Randy Soule is the sole member of Encore DEC, LLC and controls the voting and disposition of its shares.

Stakeholder Impact

• Shareholders may experience increased price volatility due to the potential for further sales by the reporting person.

Next Steps

• The reporting persons may continue to buy or sell shares at their discretion.

Key Dates

Recommendation

Investors should maintain a hold position until further clarity is provided regarding the long-term intentions of the major shareholder, as the recent divestment activity suggests a potential shift in the stakeholder's outlook.

Keywords

XCF Global, Schedule 13D, Randy Soule, Encore DEC, Beneficial Ownership, Stock Sale