Randal A. Nardone’s beneficial ownership of New Fortress Energy fell to 3.2% after a greater than 1% change, leaving him below the more than five percent threshold as of September 11, 2026. Investors can assess the revised stake alongside the company’s 1-for-50 Reverse Stock Split and restructuring transaction.

Key Highlights

  • Randal A. Nardone’s reported position comprises 523,930 Class A shares.
  • New Fortress Energy effected a reverse stock split effective 09/11/2026.
  • The filing states that Nardone had not engaged in any Class A share transaction during the stated lookback period.

Randal A. Nardone disclosed a greater than 1% change in his beneficial ownership of New Fortress Energy Inc. (NASDAQ: NFE). The filing states that he ceased to be the beneficial owner above the applicable threshold as of 09/11/2026.

523,930 Class A Shares After Reverse Split

Nardone’s reported position consists of 523,930 Class A common shares. New Fortress Energy effected a reverse stock split for each Class A share effective 09/11/2026, and the reported share count reflects that adjustment. The filing states that Nardone had not engaged in any transaction involving Class A shares during the stated lookback period. He has the right to receive proceeds from the sale of the reported shares, while no other person is known to hold that right or direct receipt of those proceeds.

Ownership Change Tied to Restructuring Transaction

The greater than 1% ownership change was disclosed in connection with New Fortress Energy’s Restructuring Transaction, described in a definitive proxy statement filed with the SEC. Nardone’s Schedule 13D was originally filed with later amendments. The amendment was signed by Nardone. The updated percentage is based on 16,321,555 Class A shares outstanding as of 09/11/2026.