THORN WRAY T 4

What Happened

• Thorn Wray, a director of XCF Global, was the reporting person for two restricted stock awards (transaction code A) on May 21, 2026. The filings show grants of 4,581,838 and 3,564,241 shares, totaling 8,146,079 shares, at an acquisition price of $0.00 (reported value $0). The shares were awarded to Focus Impact Partners, LLC (FIP), a consulting entity controlled by Wray and Carl Stanton, in payment of accrued and additional unpaid consulting fees.

Key Details

• Transaction date: 2026-05-21. Report filed: 2026-07-10 (file appears to be late — Form 4s are generally due within 2 business days).
• Shares granted: 4,581,838 and 3,564,241; total 8,146,079 shares; price reported $0.00 (award for fees).
• Beneficial ownership after transaction: not disclosed in this filing.
• Footnotes: FIP provides consulting services under a Consulting Agreement. The restricted shares will be issued only if FIP does not terminate the Consulting Agreement prior to Jan 1, 2027 and the Company does not terminate the Agreement for Cause prior to Jan 1, 2027 (per footnotes F1 and F2).
• Award recipient: Focus Impact Partners, LLC — an entity controlled by the reporting person (indirect/organizational ownership).

Context

• These are restricted stock awards issued as payment for consulting fees, not open‑market purchases or sales. The grants are contingent on the consulting agreement remaining in effect through the specified date, and restrictions/vesting may limit immediate sale or transfer. Awards to an entity controlled by the insider represent indirect compensation and potential future beneficial ownership rather than an immediate cash investment signal.