Wallen Millard L. 4
4 · KiNRG, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
KiNRG Director Millard L. Wallen Receives 4M-Share Award
What Happened
- Millard L. Wallen, a director of KiNRG, Inc., was issued 4,000,000 shares on April 1, 2026 at a reported price of $1.00 per share, a total value of $4,000,000. The Form 4 reports this transaction as an award/grant (transaction code A), not an open-market purchase.
Key Details
- Transaction date: 2026-04-01; reported price: $1.00 per share; total value: $4,000,000.
- Transaction type: Award/Grant (code A) — shares were issued to the insider.
- Shares owned after the transaction: Not disclosed in the provided filing.
- Filing: Form 4 filed Apr 3, 2026 (covers Apr 1 transaction) — appears timely (not reported as late).
- Footnote: The shares were issued to Mr. Wallen as partial consideration related to KiNRG’s acquisition of Trinity Group Construction, Inc., as described in KiNRG’s Form 8-K filed Apr 2, 2026.
Context
- This was an issuance tied to a corporate acquisition (consideration paid in stock), not a voluntary open-market purchase by the insider. Such awards reflect deal consideration rather than a direct bullish purchase signal from the insider.
Insider Transaction Report
Form 4
KiNRG, Inc.NONE
Wallen Millard L.
Director
Transactions
- Award
Common Stock
[F1]2026-04-01$1.00/sh+4,000,000$4,000,000→ 6,825,000 total
Footnotes (1)
- [F1]The reported securities were issued to the Reporting Person as partial consideration in connection with the acquisition by KiNRG, Inc. of 100% of the issued and outstanding equity interests of Trinity Group Construction, Inc., as described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 2, 2026.
Signature
/s/ Millard L. Wallen|2026-04-03