4Filed Sep 22, 8:00 PM ET
XCF Global (SAFX) 10% Owner RESC Sells 455,926 Shares
$SAFX · XCF Global, Inc.Research Summary
AI-generated summary of this SEC filing
XCF Global (SAFX) 10% Owner RESC Sells 455,926 Shares
What Happened
- RESC Renewable Holdings, LLC (reported as a 10% owner) sold a total of 455,926 XCF Global (SAFX) shares in two dispositions: 139,637 shares on 2026-09-21 at $0.50 ($69,958) and 316,289 shares on 2026-09-22 at $0.51 ($159,726). Combined proceeds were about $229,684. These were disposals (sales), not purchases.
Key Details
- Transaction dates and prices: 2026-09-21 — 139,637 shares @ $0.50; 2026-09-22 — 316,289 shares @ $0.51.
- Total shares sold: 455,926; approximate total value: $229,684.
- Transaction code: reported as "Other acquisition or disposition (J)" — sale executed at the direction of a court-appointed Receiver (Creative Planning Business Alliance, LLC).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: The Receiver sold the shares pursuant to a court-appointed receivership (Order Appointing Receiver, May 28, 2026) in the action Tomar LLC v. RESC Renewables Holdings LLC; the Receiver disclaims beneficial ownership except to the extent of any pecuniary interest. The shares were originally acquired in connection with a February 2025 membership interest purchase and business combination.
- Filing timeliness: Report filed 2026-09-23 for transactions on 2026-09-21 and 2026-09-22 — appears filed within the usual Section 16 reporting window (timely).
Context
- This filing involves a 10% owner/institutional holder and sales executed under a court receivership, not routine insider selling for personal liquidity by an executive. The report's footnotes emphasize the Receiver acted under court direction and disclaims beneficial ownership beyond any pecuniary interest.