FARKAS MICHAEL D 4

What Happened
Michael D. Farkas, identified as a 10% owner of NEXTNRG, Inc. (NXXT), reported a gift (transaction code G) of 1,000,000 common shares on June 18, 2026. The shares were disposed of at $0.00 per share (total proceeds $0). The Form 4 was filed on June 22, 2026.

Key Details

• Transaction date: 2026-06-18; filing date: 2026-06-22 (filed within typical two business-day window).
• Transaction type/code: Gift (G); price reported: $0.00; shares disposed: 1,000,000; total proceeds: $0.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes of note:
  • F1: Reporting person may be issued 725,200 additional common shares upon conversion of 140,000 Series B preferred shares held by him (conversion pricing detail included in footnote).
  • F2–F4: Certain shares are held by SIF Energy LLC, Balance Labs, Inc., and Inductive Holdings LLC; the reporting person has voting and investment control over those holdings.
• Insider status: Reporting person is a 10% owner (large shareholder), not necessarily a company executive.

Context
Gifts are treated as dispositions for reporting purposes but do not necessarily signal the giver’s view on the company’s prospects (they are commonly used for estate planning, family transfers, or charitable donations). As a 10% owner, Farkas is a significant holder; note also the conversion rights and controlled-entity holdings disclosed in the footnotes that could affect his total potential ownership.