FARKAS MICHAEL D 4

What Happened
Michael D. Farkas, a 10% owner of NEXTNRG, Inc. (NXXT), was issued 21,739 common shares on April 30, 2026 as a grant/award (transaction code A). The report lists a price of $1.83 per share for an aggregate value of $39,782. Footnote F1 states these shares were issued as a dividend on Series B preferred shares held by Farkas — this is an issuance/acquisition, not an open-market purchase.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-04 (timely within the 2-business-day requirement).
• Transaction: Grant/Award (A) — 21,739 common shares at $1.83 each; total $39,782.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Shares issued as dividend on Series B Preferred Shares held by the reporting person.
  • F2: Does not include potential 725,200 common shares that could be issued upon conversion of 140,000 Series B preferred shares held by the reporting person (conversion terms described).
  • F3–F5: Additional shares held by SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC are reported as under the reporting person’s voting and investment control.

Context
This transaction is an issuance tied to preferred-share terms (dividend issuance), not a personal cash purchase or sale. For retail investors, such award issuances signal corporate allocation of shares rather than a direct insider buy/sell decision. The filing also highlights convertible preferred holdings that could lead to future common-share issuance and potential dilution if converted.