John Brian 4/A

What Happened
John Brian, CEO and director of NextBoat Inc. (NXB), reported a disposition of 120,000 common shares on May 15, 2026. The filing reports a per-share price of $2.41 (total value $289,200), but an amendment clarifies the shares were transferred to a third‑party service provider as payment for professional services and Mr. Brian received no proceeds.

Key Details

• Transaction date: 2026-05-15; Form 4/A filed: 2026-05-29 (amended filing).
• Reported price: $2.41 per share (closing NYSE American price on trade date); reported total value: $289,200.
• Shares disposed: 120,000 (transaction code S). The filing states the shares were not sold on the open market.
• Shares held/beneficial ownership: securities are held by BK Investments LLC, of which Mr. Brian is the sole owner (per footnote).
• Footnote clarification: the amended Form 4/A adds that Mr. Brian personally bore the cost of the professional services, transferred the shares in payment, and received no economic consideration from the transfer.
• Timeliness: The Form 4/A was filed 14 days after the transaction (Form 4s are normally due within 2 business days), and this filing is labeled as an amendment to clarify the nature of the transfer.

Context
This was a transfer of shares to pay for professional services rather than an open-market sale; the amendment emphasizes there were no proceeds to the insider. Such transfers (and gifts or payments-in-kind) do not necessarily signal the insider’s view of the company’s stock price—readers should note the nature and timing of the transfer rather than infer trading intent.