Director Chapman Frank awarded 30,245 restricted NEXT shares at $0

Rhea-AI Filing Summary

NextDecade Corp director Chapman Frank received 30,245 shares of common stock as restricted stock on January 30, 2026 at a price of $0 per share. These restricted shares are scheduled to vest on January 31, 2027. Following this grant, he beneficially owns 285,427 shares of NextDecade common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chapman Frank

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,245	$0.00	--

Holdings After Transaction: Common Stock — 285,427 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chapman Frank

(Last) (First) (Middle)

1000 LOUISIANA STREET, SUITE 3300

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NextDecade Corp [ NEXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		A		30,245(1)	A	$0	285,427	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of restricted stock that will vest on January 31, 2027.

Remarks:

	/s/ Vera de Gyarfas, Attorney-in-fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did NextDecade Corp (NEXT) report for Chapman Frank?

NextDecade Corp reported that director Chapman Frank received 30,245 shares of common stock as restricted stock on January 30, 2026 at $0 per share. This was an equity compensation grant, not an open‑market purchase or sale.

When do Chapman Frank’s new restricted shares in NEXT vest?

The 30,245 restricted shares granted to Chapman Frank will vest on January 31, 2027. Until that vesting date, the shares are subject to forfeiture conditions typically tied to continued service or other requirements under the company’s equity plan.

How many NextDecade (NEXT) shares does Chapman Frank own after this transaction?

After receiving the 30,245 restricted shares, Chapman Frank beneficially owns 285,427 shares of NextDecade common stock directly. This total includes the newly granted restricted stock reported in the Form 4 insider transaction filing.

Was cash paid for the restricted stock granted to Chapman Frank at NextDecade?

No cash was paid for this grant; the 30,245 restricted shares were issued at a price of $0 per share. This indicates they were awarded as part of equity compensation rather than bought in the market or through an option exercise.

What type of security was involved in Chapman Frank’s NEXT insider transaction?

The transaction involved NextDecade Corp common stock issued as restricted shares. The Form 4 classifies it as a non-derivative equity award, not involving options, warrants, or other derivative securities, and documents the vesting schedule and post-grant holdings.