Wallen Millard L. 4

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.