Big Digital Energy (BGDE): Endeavor/Joshua Kilgore Acquires 442,899 Shares

What Happened

• Endeavor Blockchain, LLC (a 10% owner; sole member Joshua Kilgore, Executive Chairman) reported multiple transactions in Big Digital Energy (BGDE). The primary transaction was an exchange on Sept 18/21, 2026 where $2,568,815.71 of debt was converted into 442,899 common shares at an implied $5.80 per share (total value ≈ $2,568,814).
• In addition, Endeavor made an open-market purchase of 795 shares on Sept 21, 2026 at a weighted-average price of $6.21 (~$4,937 total). The filing also reports two dispositions coded as "J" (250 shares on Sept 21 and 500 shares on Sept 22) related to unorthodox transactions described in the footnotes (debt-to-preferred-stock exchanges involving YA II PN, Ltd. and Six Thirty AI, LLC).

Key Details

• Transaction dates and prices:
  • Sept 21, 2026: A — 442,899 shares @ $5.80 each via debt-for-equity exchange (≈ $2,568,814). (Footnote F1)
  • Sept 21, 2026: P — 795 shares purchased @ weighted avg $6.21 (range $6.0649–$6.4458). (Footnote F3)
  • Sept 21, 2026: J — 250 shares disposed (no price reported). (Footnote F5)
  • Sept 22, 2026: J — 500 shares disposed (no price reported). (Footnote F7)
• Ownership after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Debt-for-equity exchange approved by a special transactions committee; conversion based on market value immediately before the Exchange Agreement.
  • F2/F8: Shares acquired via the A transaction are owned solely by Endeavor; Joshua Kilgore is sole member/manager and is Executive Chairman.
  • F3: Open-market purchase price is a weighted average; full breakdown available on request.
  • F5/F7: The J-coded dispositions relate to YA II PN, Ltd. exercising debt-exchange rights involving Six Thirty AI, LLC; Six Thirty reportedly had no control over timing/pricing, so the transactions are reported as unorthodox (Kern County doctrine).
• Filing timeliness: Form 4 filed on Sept 23, 2026 for transactions dated Sept 21–22, 2026 — appears to be filed promptly.

Context

• The A-coded transaction is a debt-for-equity conversion (issuer exchanged outstanding loan balance for common stock) — not a typical open-market buy. Such conversions reduce issuer debt and increase insider/affiliate equity ownership but are not direct cash purchases.
• Endeavor is a 10% owner (institutional entity) but is controlled by Joshua Kilgore, an executive insider, so this filing reflects both institutional and insider interests.
• The open-market purchase (795 shares) is a small cash buy and is generally more directly interpreted as a purchase signal than the debt-for-equity exchange; the J-coded items are unusual transactions tied to creditor exchanges and do not necessarily reflect trading decisions by Endeavor/Six Thirty.

If you want, I can pull the exact "owned after" share totals from the full Form 4 or extract the purchase-price breakdown for the 795-share buy.