Form 4: Hanwha Aerospace Boosts NextDecade Stake

Hanwha Aerospace Co., Ltd., a 10% owner, increased its direct beneficial ownership in NextDecade Corp through multiple common stock purchases in early December 2025.

Summary

• Hanwha Aerospace Co., Ltd. acquired a total of 636,963 shares of NextDecade Corp common stock through three separate transactions.
• On December 3, 2025, 241,946 shares were purchased at a weighted average price of $6.0373 per share, with prices ranging from $5.8300 to $6.1600.
• On December 4, 2025, 243,959 shares were purchased at a weighted average price of $6.1943 per share, with prices ranging from $6.0181 to $6.2650.
• On December 5, 2025, 151,058 shares were purchased at a weighted average price of $6.2136 per share, with prices ranging from $6.1150 to $6.3700.
• Following these transactions, Hanwha Aerospace Co., Ltd. directly beneficially owns 23,835,653 shares of NextDecade Corp common stock.
• Additionally, 17,536,369 shares are indirectly beneficially owned through Hanwha Ocean LLC, which Hanwha Aerospace Co., Ltd. may be deemed to beneficially own.
• The reporting person disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest therein, and disclaims membership in any 'group' under Section 13(d) of the Exchange Act.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to a significant 10% owner increasing their stake in the company, indicating strong confidence in its future performance.

Positives

• A significant 10% owner, Hanwha Aerospace Co., Ltd., has increased its direct stake in NextDecade Corp, signaling confidence in the company's future.
• The consistent buying activity over three consecutive days demonstrates a sustained investment interest from a major shareholder.

Negatives

• No explicit negatives are detailed in this transaction report.

Risks

• No specific business risks are detailed in this transaction report; the filing primarily concerns insider trading disclosures.

Future Outlook

Not applicable; Form 4 reports past transactions and does not provide forward-looking statements or guidance.

Management Comments

• No notable management comments or quotes are provided beyond the signatory information.

Industry Context

Not applicable; this filing reports an insider transaction and does not provide industry context or analysis of broader industry trends.

Related Party Transactions

• The filing notes that 17,536,369 shares are held indirectly by Hanwha Ocean LLC, and Hanwha Aerospace Co., Ltd. may be deemed to beneficially own these securities. This reflects an internal ownership structure rather than a transaction between related parties.

Stakeholder Impact

• Shareholders may view the increased investment by a major 10% owner as a positive indicator of the company's value and future potential, potentially boosting investor confidence.

Next Steps

• No specific future actions, events, or milestones are mentioned in this transaction report.

Key Dates

Recommendation

The significant increase in ownership by a 10% holder, Hanwha Aerospace Co., Ltd., through open market purchases at varying prices, signals strong conviction in NextDecade Corp's valuation and future prospects. Such insider buying by a major strategic investor is typically a bullish indicator, suggesting that the stock is undervalued or poised for growth, making it a strong buy for seasoned investors.

Keywords

NextDecade Corp, Hanwha Aerospace, NEXT, Insider Buying, Stock Acquisition, 10% Owner, Common Stock, SEC Form 4