Ruegg Jason Daniel 4

What Happened

• Ruegg Jason Daniel, a reported 10% owner of NextBoat Inc. (NXB), disposed of 179,000 shares on June 16, 2026. Transactions were three bona fide gifts (12,500; 12,500; 100,000 shares) and one transfer of 54,000 shares as compensation for services. Each share was valued at the market price of $2.05 on the transaction date, for a total value of approximately $366,950.
• These were dispositions (gifts/transfers), not open-market sales for cash; gifts do not necessarily reflect the insider's view of the stock.

Key Details

• Transaction date: 2026-06-16; reported on Form 4 filed 2026-06-17.
• Price used for valuation: $2.05 per share.
• Breakdown: Gifts — 12,500 + 12,500 + 100,000 shares; Transfer as compensation — 54,000 shares.
• Shares owned after transactions: 2,474,750 shares (starting balance reported as 2,653,750 before these dispositions).
• Notable footnotes:
  • Shares reported indirectly are held by Ruegg Capital Group Inc., of which Ruegg is the sole owner (F1).
  • The three gifts were bona fide; no consideration received (F2–F4).
  • The 54,000-share transfer was compensation for services; no cash changed hands (F5).
  • The filing corrects a prior reported balance by adding 5,000 shares issued on vesting of RSUs (F6).
• Filing timeliness: Report appears filed the day after the transactions; no late-filing indication noted in the summary.

Context

• Gifts and intra-company transfers are common and do not necessarily signal buy/sell intent; they often reflect estate planning, charitable giving, or compensation arrangements.
• As a 10% owner (not a routine open-market purchaser), Ruegg’s dispositions reflect changes in beneficial ownership and company-related transfers rather than a typical executive market sale.