Form 4: Randy Soule Sells 9M Shares of XCF Global

Reporting person Randy Soule disposed of 9,000,000 shares of XCF Global, Inc. (SAFX) at a price of $0.344 per share.

Summary

• Randy Soule, a 10% owner of XCF Global, Inc., sold 9,000,000 shares of Class A Common Stock.
• The transaction occurred on April 30, 2026, at a price of $0.344 per share.
• Following the sale, the reporting person retains beneficial ownership of 63,805,455 shares held through Encore DEC, LLC.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as bearish sentiment due to the significant volume of shares liquidated by a major 10% owner.

Positives

• The transaction provides transparency regarding significant insider activity.

Negatives

• The sale of 9,000,000 shares by a 10% owner may signal a lack of confidence or a need for liquidity by a major stakeholder.

Risks

• Large-scale divestment by a major shareholder can exert downward pressure on the company's stock price.

Future Outlook

No forward-looking guidance or strategic outlook was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that significant insider selling by 10% owners often draws scrutiny from retail investors, as it may indicate a shift in long-term commitment to the issuer's growth trajectory.

Comparison to Industry Standards

• Insider sales of this magnitude are common in growth-stage companies but often lead to increased volatility in the short term.

Stakeholder Impact

• Shareholders may experience increased price volatility following the disclosure of a large block sale.

Key Dates

Recommendation

Investors should monitor the stock for further selling pressure from this major holder before making additional capital commitments.

Keywords

XCF Global, SAFX, Insider Trading, Form 4, Stock Sale, Randy Soule