FARKAS MICHAEL D bought NXXT
June 16, 2026 · Form 4 insider transaction
FARKAS MICHAEL D bought 260,000 shares of NextNRG, Inc. at $0.39 per share, a transaction worth $100.4K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents a purchase from the issuer pursuant to a Stock Purchase Agreement between Mr. Farkas and the issuer, dated June 16, 2026 (the "SPA"). Pursuant to the terms of the SPA, the issuer issued 260,000 shares of common stock to Mr. Farkas at a price per share of $0.386, for an aggregate purchase price of $100,360 (the "Purchase Price"). In lieu of delivering the Purchase Price, Mr. Farkas absolved the issuer of liabilities totaling $100,360 owed to Mr. Farkas pursuant to a note dated March 7, 2024.; Does not include 725,200 shares of common stock which may be issued upon conversion of 140,000 shares of Series B preferred stock held by the reporting person, each with a stated value of $10.00 per share, at 70% of $2.78 (the minimum price on the date of issuance).