Newsmax (NMAX) 10% Owner Conyers Investments Sells 13,350 Shares

What Happened Conyers Investments LLC, reported as a 10% beneficial owner of Newsmax Inc. (NMAX), sold 13,350 shares on August 28, 2026. The shares were disposed at $11.04 each for a total proceeds of approximately $147,375. This was a sale (code S) — meaning cash was received rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-08-28
• Price per share: $11.04
• Shares sold: 13,350
• Total proceeds: ~$147,375
• Transaction type: Sale (open-market or private sale as reported)
• Filing date: 2026-08-31 (Form 4 covering the 8/28 transaction)
• Shares owned after the transaction: Not specified in the provided filing
• No footnotes provided (e.g., no 10b5-1 plan or tax-withholding footnote was disclosed)

Context This trade was made by a reported 10% owner (an institutional/beneficial owner), not an officer or director. Sales by large shareholders can be routine portfolio management and do not, by themselves, indicate the company’s future prospects. No additional details in the filing explain the reason for the sale.