SurgePays, Inc.·4

Jun 3, 4:15 PM ET

Cox Kevin Brian 4

Research Summary

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SurgePays (SURG) 10% Owner Kevin Cox Receives 500,000 Shares

What Happened
Kevin Cox, a reported 10% owner of SurgePays, was granted 500,000 shares of common stock on June 1, 2026, as an award under his amended employment agreement and the company’s 2022 Omnibus Securities and Incentive Plan. The shares were issued at $0.00 per share (award/grant), so the reported acquisition value is $0. After the award, Cox directly holds 1,800,000 shares.

Key Details

  • Transaction type: Award/Grant (Form 4 code A) — 500,000 shares awarded on 2026-06-01 at $0.00 per share (total reported value $0).
  • Filing: Form 4 filed 2026-06-03 for report period 2026-06-01 (appears to be filed within the normal reporting window).
  • Shares owned after transaction: 1,800,000 directly held.
  • Beneficial ownership (per footnote): additionally deemed to beneficially own 270,745 shares (LC Marital Trust), 4,569,384 shares (BLC Family Investments LLC), and 561,758 shares (SMDMM Funding LLC).
  • Footnote: Award made pursuant to Cox’s amended employment agreement and the 2022 Omnibus Securities and Incentive Plan.

Context

  • This was an awarded grant (not a purchase or sale), so it reflects company compensation rather than an open-market investment by the insider.
  • As a 10% owner, Cox’s holdings and related-party holdings are reported to show beneficial ownership; such awards are common for executive or key-person compensation and don’t by themselves indicate buy/sell sentiment.