Newsmax Inc. (NMAX) director receives grant of 23,940 stock options at $7.31

Rhea-AI Filing Summary

Newsmax Inc. director David Gandler received a grant of options to buy 23,940 shares of Class B Common Stock at an exercise price of $7.31 per share. These options were granted under the 2025 Omnibus Equity Incentive Plan and become exercisable one year after the grant date, with expiration in 2036.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gandler David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Option (Right to Buy)	23,940	$0.00	--

Holdings After Transaction: Option (Right to Buy) — 23,940 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 23,940 options Exercise price: $7.31 per share Shares underlying options: 23,940 shares +3 more

6 metrics

Options granted 23,940 options Grant of options to buy Class B Common Stock

Exercise price $7.31 per share Stock option exercise price for the grant

Shares underlying options 23,940 shares Underlying Class B Common Stock

Post-transaction option holdings 23,940 options Total derivative securities following this grant

Option vesting 12 months after grant Becomes exercisable on 12‑month anniversary of grant date

Option expiration May 20, 2036 Expiration date of granted options

Key Terms

Option (Right to Buy), 2025 Omnibus Equity Incentive Plan, Stock Option Grant Notice and Option Agreement, Class B Common Stock, +1 more

5 terms

Option (Right to Buy) financial

"security_title: "Option (Right to Buy)""

2025 Omnibus Equity Incentive Plan financial

"The option was granted pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan"

Stock Option Grant Notice and Option Agreement financial

"and a Stock Option Grant Notice and Option Agreement."

Class B Common Stock financial

"underlying_security_title: "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Gandler David

(Last) (First) (Middle)

C/O NEWSMAX INC.

750 PARK OF COMMERCE DR., SUITE 100

(Street)

BOCA RATON FLORIDA 33487

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Newsmax Inc. [ NMAX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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

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
Option (Right to Buy)	$7.31	05/20/2026		A		23,940		05/20/2027(1)	05/20/2036	Class B Common Stock	23,940	$0	23,940	D

Explanation of Responses:

1. The option was granted pursuant to the Issuer's 2025 Omnibus Equity Incentive Plan and a Stock Option Grant Notice and Option Agreement. The option shall become exercisable on the 12-month anniversary of the grant date, provided that the Reporting Person continues to provide services to the Issuer through such date.

Remarks:

	/s/ Darryle Burnham as Attorney-In-Fact for David Gandler	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Newsmax Inc. (NMAX) director David Gandler report on this Form 4?

He reported receiving a grant of stock options for 23,940 shares of Class B Common Stock. The options have a $7.31 exercise price and were awarded as compensation under the 2025 Omnibus Equity Incentive Plan.

How many Newsmax Inc. (NMAX) shares are covered by David Gandler’s new options?

The grant covers options for 23,940 underlying shares of Class B Common Stock. These options give him the right to buy that number of shares at a fixed $7.31 exercise price in the future.

What is the exercise price of David Gandler’s Newsmax (NMAX) stock options?

The options have an exercise price of $7.31 per share. This is the price at which he can buy Class B Common Stock once the options vest and before they expire in 2036.

When do David Gandler’s Newsmax (NMAX) options vest and become exercisable?

The options become exercisable on the 12‑month anniversary of the grant date. Vesting requires that he continue providing services to Newsmax through that one‑year vesting date, as described in the footnote.

When do the Newsmax Inc. (NMAX) stock options granted to David Gandler expire?

The options expire on May 20, 2036. He may exercise the options between the vesting date, one year after grant, and the expiration date, subject to plan and agreement terms.

Are David Gandler’s new Newsmax (NMAX) options a market purchase or compensation grant?

They are a compensation grant, not a market purchase. The Form 4 uses transaction code A and notes the options were granted under the 2025 Omnibus Equity Incentive Plan and a Stock Option Grant Notice and Option Agreement.