Form 4: Hanwha Aerospace Boosts NextDecade Stake

Hanwha Aerospace Co., Ltd. increased its beneficial ownership in NextDecade Corp through multiple common stock purchases in November 2025.

Summary

• Hanwha Aerospace Co., Ltd., a 10% owner and director of NextDecade Corp, reported multiple purchases of NextDecade common stock.
• On November 17, 2025, Hanwha Aerospace purchased 295,875 shares at a weighted average price of $5.8683 per share, with prices ranging from $5.7300 to $6.1300.
• On November 18, 2025, an additional 462,576 shares were acquired at a weighted average price of $5.9247 per share, with prices ranging from $5.8300 to $6.0150.
• On November 19, 2025, 305,973 shares were purchased at a weighted average price of $6.0362 per share, with prices ranging from $5.9500 to $6.1550.
• Following these transactions, Hanwha Aerospace directly beneficially owns 20,898,622 shares of common stock.
• An additional 17,536,369 shares are indirectly beneficially owned through Hanwha Ocean LLC, which Hanwha Aerospace Co., Ltd. may be deemed to beneficially own.

Sentiment

Score: 7

Explanation: The sentiment is positive as a significant 10% owner and director is increasing its stake in the company, indicating confidence. However, it's a Form 4, which doesn't provide operational or financial performance details, limiting a higher score.

Positives

• A significant 10% owner and director, Hanwha Aerospace, increased its stake in NextDecade Corp, signaling confidence in the company's future.
• The purchases were made over three consecutive days, indicating a sustained buying interest.

Risks

• The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Exchange Act, except to the extent of its pecuniary interest therein.
• The reporting person may be deemed a member of a 'group' (as defined in Section 13(d) of the Exchange Act) that beneficially owns more than 10% of the outstanding common stock, but the reporting person disclaims membership in any such group.

Related Party Transactions

• Hanwha Aerospace Co., Ltd. may be deemed to beneficially own securities held directly by Hanwha Ocean LLC, totaling 17,536,369 shares.

Stakeholder Impact

• Shareholders: Increased ownership by a major institutional investor could be viewed positively, potentially signaling long-term commitment and confidence in the company's value.
• Regulatory Authorities: The filing provides transparency regarding changes in beneficial ownership by a 10% owner, fulfilling SEC reporting requirements.

Key Dates

Keywords

NextDecade Corp, Hanwha Aerospace, NEXT, SEC Form 4, Beneficial Ownership, Insider Trading, Stock Purchase, Equity Investment, 10% Owner