FARKAS MICHAEL D 4

What Happened

• Michael D. Farkas, a reported 10% owner of NEXTNRG, received 21,739 shares of common stock on Feb 2, 2026. The shares were recorded at $1.83 each for a total value of $39,782 and are reported as a grant/award (transaction code A).
• The filing notes these shares were issued as a dividend on Series B preferred shares held by the reporting person (see footnote F1). This was an issuance (acquisition), not a sale.

Key Details

• Transaction date and price: 2026-02-02; 21,739 shares at $1.83 each (total $39,782).
• Filing date: Form 4 filed 2026-02-04 (two days after the transaction).
• Shares owned after transaction: not explicitly stated in the report; the filing includes related footnotes about additional convertible and controlled holdings.
• Notable footnotes:
  • F1: Shares issued as dividend on Series B preferred shares held by the reporting person.
  • F2: Does not include up to 725,200 common shares that may be issued upon conversion of 140,000 Series B preferred shares held by the reporting person (conversion terms specified).
  • F3–F5: Certain shares are held by entities (SIF Energy LLC, Balance Labs, Inc., Inductive Holdings LLC) over which the reporting person has voting and investment control.
• Timeliness: Form was filed two days after the transaction date; no late filing flag indicated.

Context

• This was an award/dividend issuance tied to preferred-share ownership—not an open-market purchase—so it reflects issuance mechanics rather than a direct market buy or sale by the insider.
• As a 10% owner, Farkas’s holdings include controlled interests through entities and convertible preferred securities; those convertibility provisions (F2) could materially increase potential common shares outstanding if converted.