4/A: Big Digital Energy Insider Ownership Update

Big Digital Energy, Inc. reports an amendment to a Form 4 filing, adding Six Thirty AI, LLC as an additional reporting insider and detailing convertible preferred stock ownership.

Summary

• This filing is an amendment to a Form 4, originally filed on July 2, 2026, to include Six Thirty AI, LLC as an additional reporting insider.
• Endeavor Blockchain, LLC, Kilgore Joshua Allen, Smith Cody, and PM Squared LLC are also listed as reporting persons.
• The filing details the beneficial ownership of Series D Convertible Preferred Stock.
• 16,700 shares of Series D Convertible Preferred Stock were acquired on June 30, 2026, with a value of $1,000 per share.
• These shares are indirectly held by Six Thirty AI, LLC.
• The Series D Convertible Preferred Stock is pledged to YA II PN, LTD under a Loan and Guaranty Agreement dated June 30, 2026.
• Conversion of the preferred stock into common stock is subject to the terms in the Certificate of Designations.
• Assuming a daily VWAP of $8.81 as of June 30, 2026, the preferred stock could convert into 1,995,221 shares of common stock.
• Six Thirty AI, LLC is managed and controlled by Cody Smith, Phillip Stanley, and Joshua Kilgore.
• Joshua Kilgore is Executive Chairman and a director; Phillip Stanley is CEO and a director; and Cody Smith is COO and a director of Big Digital Energy, Inc. as of April 6, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily an administrative update to correct or add reporting information without immediate significant operational or financial performance indicators.

Positives

• Addition of Six Thirty AI, LLC as a reporting insider clarifies ownership structure.
• The filing provides details on convertible preferred stock, indicating potential future common stock issuance.
• Management roles (Executive Chairman, CEO, COO) and directorships are confirmed for key individuals associated with Six Thirty AI, LLC.

Negatives

• The Series D Convertible Preferred Stock is pledged as collateral for a loan, which could impact its ultimate beneficial ownership or conversion rights.
• The conversion of preferred stock into common stock is contingent on specific terms and market conditions (VWAP), creating uncertainty about the exact number of shares.

Risks

• The pledged nature of the Series D Convertible Preferred Stock to YA II PN, LTD introduces a risk related to loan default or repayment, potentially affecting the equity structure.
• The conversion of preferred stock into common stock is subject to the terms of the Certificate of Designations, which may contain provisions that could be disadvantageous to existing shareholders.
• The reliance on a specific VWAP ($8.81) for conversion calculation introduces market risk; if the VWAP fluctuates, the conversion ratio will change.

Future Outlook

The conversion of Series D Convertible Preferred Stock into common stock is subject to the terms of the Certificate of Designations and a specific VWAP calculation, indicating a potential future increase in the number of outstanding common shares.

Management Comments

• As of April 6, 2026, Joshua Kilgore is the Executive Chairman and a director of the Issuer; Phillip Stanley is the Chief Executive Officer and a director of the Issuer; and Cody Smith is the Chief Operating Officer and a director of the Issuer.
• THE FORM 4 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 2, 2026, IS BEING AMENDED SOLELY TO ADD SIX THIRTY AI, LLC AS AN ADDITIONAL REPORTING INSIDER.

Industry Context

StockSavvy.ai notes that this filing is typical for companies undergoing financing rounds or strategic partnerships where convertible instruments are utilized. The involvement of multiple entities and individuals in reporting beneficial ownership is common in such scenarios, highlighting the complexity of tracking equity stakes in evolving public companies.

Related Party Transactions

• The Series D Convertible Preferred Stock is pledged to YA II PN, LTD pursuant to a Loan and Guaranty Agreement dated June 30, 2026.
• Six Thirty AI, LLC, which holds the Series D Convertible Preferred Stock, is managed and controlled by Cody Smith, Phillip Stanley, and Joshua Kilgore, who also hold executive and director positions within Big Digital Energy, Inc.

Stakeholder Impact

• Shareholders: Potential dilution if Series D Convertible Preferred Stock converts into a significant number of common shares.
• Creditors: The pledge of preferred stock to YA II PN, LTD impacts the collateral available to other creditors.
• Management and Insiders: Clarification of beneficial ownership and roles within the company.

Next Steps

• Monitor the terms of the Loan and Guaranty Agreement and the Certificate of Designations for Series D Convertible Preferred Stock.
• Observe any future conversions of Series D Convertible Preferred Stock into common stock.
• Track further filings related to ownership changes or financing activities by Big Digital Energy, Inc.

Key Dates

Keywords

Form 4, SEC Filing, Insider Ownership, Beneficial Ownership, Convertible Preferred Stock, Big Digital Energy, BGDE, Endeavor Blockchain, Six Thirty AI, Joshua Kilgore, Cody Smith, Phillip Stanley, Loan and Guaranty Agreement, Stock Conversion