May David Allen 4

What Happened
Director May David Allen made a series of open-market purchases of SurgePays common stock. The Form 4 reports three buys: 5,413 shares on 2026-06-03 at $0.53 ($2,845), 121 shares on 2026-06-04 at $0.53 ($64), and 34,716 shares on 2026-06-05 at $0.53 ($18,243), totaling 40,250 shares for roughly $21,152. These transactions are purchases (insider buying).

Key Details

• Transaction dates and prices: 6/3/2026 — 5,413 @ $0.53; 6/4/2026 — 121 @ $0.53; 6/5/2026 — 34,716 @ $0.53 (all reported as code "P" = Purchase).
• Aggregate: 40,250 shares purchased for ≈ $21,152. The filing footnote states the purchases were made pursuant to a limit order for 40,250 shares at $0.5255 entered June 3, 2026 (form lists $0.53 per share).
• Beneficial ownership note: The filing says the reported post-transaction amount does not include other shares Mr. May is deemed to beneficially own — 41,750 shares held by XIV LLC, 15,000 shares issuable under prior restricted awards, and 12,295 shares held in the name of his spouse.
• Filing/timeliness: Form 4 filed 2026-06-05 reporting transactions from 6/3–6/5/2026 — appears to be filed within standard reporting windows (no late-filing flag indicated).

Context

• These are straightforward purchases (code P) — not exercises, awards, or gifts. Purchases are often watched by investors as a possible positive signal, but the filing provides only facts about the trades and ownership; it does not state the insider’s motivation.