New Fortress Energy Inc. (NFE) 4: 10% owner buys $18.9M preferred (Oct 1, 2026)
Statement of Changes in Beneficial Ownership
Transaction Details
Footnotes ▸
Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP. | On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.
Footnotes ▸
Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP. | On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.
Footnotes ▸
Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP. | On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.
Footnotes ▸
Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Each share of Series A Mandatorily Convertible Preferred Stock ("Preferred Stock") will automatically convert on September 11, 2029, the third anniversary of the issue date, into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. | Reflects shares of New Fortress Energy Inc. ("Company") securities held in accounts of funds managed and advised by King Street Capital Management, L.P. ("King Street"). King Street Capital Management GP, L.L.C. ("GP") is the general partner of King Street and Brian J. Higgins is the managing member of GP. As used herein, the "Reporting Persons" means Mr. Higgins, King Street and GP. | On the basis of the relationships described in footnote 2, each of the Reporting Persons may be deemed a beneficial owner of the Company securities disclosed herein, but each Reporting Person disclaims beneficial ownership of such Company securities except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "1934 Act"), each of the Reporting Persons states that the inclusion of such Company securities in this statement shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the 1934 Act or for any other purpose.
Post-Transaction Holdings
| Security | Shares | Change |
|---|---|---|
| Series A Mandatorily Convertible Preferred Stock | 262.88K | +43.85K (20.02%) |
auto_awesomeDeep Analysis
Deep Analysis
King Street Capital Management, a 10%+ owner of New Fortress Energy, bought 43,846 shares of NFE's Series A Mandatorily Convertible Preferred in four open-market purchases on Sept 30 for roughly $18.9M — a direct Code P buy, not an option exercise.
Original SEC Filing Textexpand_more
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