Hoge Brett Widney 4

What Happened

• Brett Widney, a director of Newton Golf Company (NWTG), received two derivative equity awards on 2026-07-08 totaling 5,411.10 shares (3,246.66 and 2,164.44). Each award was priced at $95.24 per share, with aggregate reported values of $309,212 and $206,141, respectively, for a combined value of approximately $515,353.
• The transactions are reported as "A" (grant, award or other acquisition) and are recorded as derivative securities on the Form 4 rather than straight common-stock purchases.

Key Details

• Transaction dates and prices: 2026-07-08 at $95.24 per share for both grants.
• Quantity and value: 3,246.66 shares ($309,212) and 2,164.44 shares ($206,141); total 5,411.10 shares (~$515,353).
• Shares owned after the transaction: not specified in the provided filing.
• Filing date: Form 4 was filed on 2026-07-10 for the 2026-07-08 transactions (timely filing).
• Footnotes from the filing:
  • F1: The preferred stock is perpetual (no expiration).
  • F2: Holders are entitled to a 10.00% annual dividend on the original issue price; the issuer may pay it in cash, in kind by increasing stated value, or by accruing unpaid cash dividends.
  • F3: The awards reflect exchange of convertible promissory notes (including accrued interest) for Series A Convertible Preferred Stock.
• Transaction code: A = award/grant (derivative). No indication these shares were immediately sold.

Context

• These were awards of derivative/preferred securities (likely Series A Convertible Preferred Stock issued in exchange for promissory notes), not an open-market buy or a sale—awards are an acquisition but do not necessarily signal immediate market buying or selling.
• Preferred shares described carry a 10% dividend and conversion terms may differ from common stock; the economic rights and voting power can differ from common shares, so these awards are not identical to a common-stock purchase.
• The filing was timely (two days after the reported transaction date), and the notes clarify the awards stem from a note-for-equity exchange rather than a cash exercise or market transaction.