Gandler David 4

What Happened David Gandler, a director of Newsmax Inc. (NMAX), received an equity award on 2026-05-20 consisting of options covering 23,940 shares. The grant is reported as a derivative award with an acquisition price of $0.00 (no cash exchanged at grant) and therefore had no immediate dollar value recorded in the Form 4.

Key Details

• Transaction date: 2026-05-20 (Form 4 filed 2026-05-21; filing appears timely).
• Transaction type/code: A — Grant/award (derivative instrument).
• Shares/options granted: 23,940; reported acquisition price: $0.00; total reported value: $0.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: The option was granted under the Issuer’s 2025 Omnibus Equity Incentive Plan and a Stock Option Grant Notice/Agreement. The option becomes exercisable on the 12-month anniversary of the grant only if the reporting person continues to provide services through that date.

Context This filing documents a grant of options (a conditional equity award), not an outright purchase of stock. The options must vest/become exercisable after 12 months of continued service; any future exercise or sale would be reported in separate Form 4 filings. Grants like this are common for directors and are not an immediate change in market exposure.