SURG · SurgePays, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These conditions create substantial doubt about the Company’s ability to continue as a going concern within the twelve-month period subsequent to the date that these consolidated financial statements are issued.”View the 10-Q filed May 20, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
Insider Sentiment Score
Peer-relative 0–100 rank of how aggressively insiders accumulated over the trailing 90 days. See the full ranking.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-06-05 | May David Allen |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
Purchased pursuant to limit order for 40,250 shares at $0.5255 entered June 3, 2026. The Amount of Securities Beneficially Owned Following Reported Transaction(s) reported in column 5 does not include other shares of common stock deemed to be beneficially owned by Mr. May (41,750 shares held in the name of XIV LLC, 15,000 shares issuable pursuant to previous restricted share awards, or 12,295 shares held in the name Mr. May's spouse). |
Common Stock
|
34,716 |
| 2026-06-04 | May David Allen |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
Purchased pursuant to limit order for 40,250 shares at $0.5255 entered June 3, 2026. The Amount of Securities Beneficially Owned Following Reported Transaction(s) reported in column 5 does not include other shares of common stock deemed to be beneficially owned by Mr. May (41,750 shares held in the name of XIV LLC, 15,000 shares issuable pursuant to previous restricted share awards, or 12,295 shares held in the name Mr. May's spouse). |
Common Stock
|
121 |
| 2026-06-03 | May David Allen |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
Purchased pursuant to limit order for 40,250 shares at $0.5255 entered June 3, 2026. The Amount of Securities Beneficially Owned Following Reported Transaction(s) reported in column 5 does not include other shares of common stock deemed to be beneficially owned by Mr. May (41,750 shares held in the name of XIV LLC, 15,000 shares issuable pursuant to previous restricted share awards, or 12,295 shares held in the name Mr. May's spouse). |
Common Stock
|
5,413 |
| 2026-06-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Common Stock (Direct)
On June 1, 2026, the issuer awarded Mr. Cox 500,000 shares pursuant to Mr. Cox's employment agreement with the issuer, as amended, and the issuer's 2022 Omnibus Securities and Incentive Plan. Following the award, Mr. Cox directly held 1,800,000 shares of common stock, and Mr. Cox is also deemed to beneficially own the following shares: (i) 270,745 shares of common stock held in the name of the LC Marital Trust Dated May 17, 2021, (ii) 4,569,384 shares held in the name of BLC Family Investments LLC, and (iii) 561,758 shares held in the name of SMDMM Funding LLC. |
Common Stock
|
500,000 |
| 2026-04-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Common Stock (Direct)
On April 1, 2026, the issuer awarded Mr. Cox 500,000 shares pursuant to Mr. Cox's employment agreement with the issuer, as amended, and the issuer's 2022 Omnibus Securities and Incentive Plan. Following the award, Mr. Cox directly held 1,300,000 shares of common stock, and Mr. Cox is also deemed to beneficially own the following shares: (i) 270,745 shares of common stock held in the name of the LC Marital Trust Dated May 17, 2021, (ii) 4,569,384 shares held in the name of BLC Family Investments LLC, and (iii) 561,758 shares held in the name of SMDMM Funding LLC. |
Common Stock
|
500,000 |
| 2026-03-24 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Gift↓
Filing footnotes — Common Stock (Direct)
On March 24, 2026, Mr. Cox transferred 270,745 to a family trust, the LC Marital Trust Dated May 17, 2021, for no consideration. |
Common Stock
|
270,745 |
| 2026-03-24 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Gift↑
Filing footnotes — Common Stock (Indirect)
On March 24, 2026, Mr. Cox transferred 270,745 to a family trust, the LC Marital Trust Dated May 17, 2021, for no consideration. |
Common Stock
(I)
|
270,745 |
| 2026-03-23 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Common Stock (Direct)
On March 23, 2026, Mr. Cox elected to convert $1,000,000 owed to him by the issuer under the consolidated promissory note issued by the issuer to Mr. Cox on or about March 12, 2024, into shares of issuer common stock at $1.25/share (into 800,000 shares of common stock). Those shares were awarded to Mr. Cox on or about March 23, 2026, pursuant to the issuer's 2022 Omnibus Securities and Incentive Plan. |
Common Stock
|
800,000 |
| 2025-12-31 | Evers Anthony George |
Chief Financial Officer |
Award↑
Filing footnotes — Shares of Common Stock (Direct)
Represents a restricted stock award vesting as to 200,000 RSAs on December 31, 2025. |
Shares of Common Stock
|
200,000 |
| 2025-12-10 | May David Allen |
Director |
Buy↑
|
Shares of Common Stock
|
10,000 |
| 2025-12-10 | May David Allen |
Director |
Buy↑
Filing footnotes — Shares of Common Stock (Direct)
The beneficial owner effected four separate block purchases on December 10, 2025. The transactions are reported according to the different share prices. Three of the four purchases, totaling an aggregate of 28,422 shares (25,256 shares, 3,161 shares, and 5 shares), are reported as a single transaction. Each of the separate transactions will be provided at the request of the SEC. |
Shares of Common Stock
|
28,422 |
| 2025-06-06 | May David Allen |
Director |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
Based upon shares sold at a high price of $2.84, a low price of $2.77, and an average of $2.814. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock
|
63,000 |
| 2025-05-22 | Schurfeld Richard Earl |
Director |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
These shares were issued pursuant to the provisions of the SurgePays, Inc. 2022 Omnibus Securities and Incentive Plan (the "2022 Plan") and a Restricted Share Award Agreement, dated May 22, 2025, by and between SurgePays, Inc. (the "Company") and Mr. Schurfeld (the "RSA Agreement"). The RSA Agreement provides that the shares will not vest until the earliest to occur of (a) the director no longer serves as a director of the Company for any reason (including, but not limited to, upon death or disability that renders the director incapable of providing services to the Company) other than a Termination of Service for Cause (as defined in the RSA Agreement); (b) upon the occurrence of a Change in Control (as defined in the 2022 Plan); or (c) August 8, 2028. |
Restricted Shares (Common Stock)
|
50,000 |
| 2025-05-22 | Weisberg Laurie |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
These shares were issued pursuant to the provisions of the SurgePays, Inc. 2022 Omnibus Securities and Incentive Plan (the "2022 Plan") and a Restricted Share Award Agreement, dated May 22, 2025, by and between SurgePays, Inc. (the "Company") and Ms. Weisberg (the "RSA Agreement"). The RSA Agreement provides that the shares will not vest until the earliest to occur of (a) the director no longer serves as a director of the Company for any reason (including, but not limited to, upon death or disability that renders the director incapable of providing services to the Company) other than a Termination of Service for Cause (as defined in the RSA Agreement); (b) upon the occurrence of a Change in Control (as defined in the 2022 Plan); or (c) August 8, 2028. |
Restricted Shares (Common Stock)
|
50,000 |
| 2025-05-22 | KEYS DAVID N |
Director |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
These shares were issued pursuant to the provisions of the SurgePays, Inc. 2022 Omnibus Securities and Incentive Plan (the "2022 Plan") and a Restricted Share Award Agreement, dated May 22, 2025, by and between SurgePays, Inc. (the "Company") and Mr. Keys (the "RSA Agreement"). The RSA Agreement provides that the shares will not vest until the earliest to occur of (a) the director no longer serves as a director of the Company for any reason (including, but not limited to, upon death or disability that renders the director incapable of providing services to the Company) other than a Termination of Service for Cause (as defined in the RSA Agreement); (b) upon the occurrence of a Change in Control (as defined in the 2022 Plan); or (c) August 8, 2028. Includes (i) 1,666 shares held in an IRA owned by Mr. Keys' wife, however, Mr. Keys shares investing and dipositive power over these holdings, (ii) 5,377 shares in total held by two different IRAs owned by Mr. Keys; and (iii) 10,000 shares are held by PCC Holdings LLC. Mr. Keys shares investing and dipositive power over these holdings. |
Restricted Shares (Common Stock)
|
50,000 |
| 2025-05-16 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Buy↑
Filing footnotes — Shares of Common Stock) (Direct)
Based upon shares purchased at an average price of $2.75 per share, with a low price of $2.75 per share and a high price of $2.76 per share. |
Shares of Common Stock)
|
15,073 |
| 2024-12-03 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.88, a low price of $1.77, and an average of $1.8216. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
35,180 |
| 2024-12-02 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. |
Shares of Common Stock
|
36,666 |
| 2024-11-25 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
|
Shares of Common Stock
|
100 |
| 2024-11-25 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
|
Shares of Common Stock
|
301 |
| 2024-11-25 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
|
Shares of Common Stock
|
3,099 |
| 2024-11-25 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
|
Shares of Common Stock
|
1,500 |
| 2024-11-22 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
Filing footnotes — Shares of Common Stock (Direct)
Based upon a per share purchase price of $1.6929. |
Shares of Common Stock
|
0 |
| 2024-11-22 | Weisberg Laurie |
Director, Chief Executive Officer |
Buy↑
|
Shares of Common Stock
|
2,808 |
| 2024-11-15 | Schurfeld Richard Earl |
Director |
Buy↑
|
Shares of Common Stock
|
700 |
| 2024-11-15 | Schurfeld Richard Earl |
Director |
Buy↑
|
Shares of Common Stock
|
2,800 |
| 2024-11-04 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.63, a low price of $1.57, and an average of $1.5947. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
31,700 |
| 2024-11-01 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. |
Shares of Common Stock
|
36,667 |
| 2024-10-02 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.85, a low price of $1.62, and an average of $1.7516. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
32,375 |
| 2024-10-02 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.75, a low price of $1.61, and an average of $1.67. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock
|
36,667 |
| 2024-10-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Consists of an RSA grant in the amount of 83,333 set to vest on December 1, 2024. Includes (i) 83,334 RSAs that vested on July 1, 2024, (ii) 83,334 RSAs that vested on August 1, 2024, (iii) 83,333 RSAs vested on September 1, 2024, (iv) 83,333 RSAs vested on October 1, 2024, and (v) 83,333 RSAs vesting on November 1, 2024. |
Restricted Shares (Common Stock)
|
83,333 |
| 2024-10-01 | Evers Anthony George |
Chief Financial Officer |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Represents a restricted stock award vesting as to 66,667 RSAs on December 1, 2024. Includes restricted stock awards in the amount of (i) 66,667 vested on July 1, 2024, (ii) 66,667 vested on August 1, 2024, (iii) 66,667 vested on September 1, 2024, (iv) 66,667 vested on October 1, 2024, and (v) 66,667 vesting on November 1, 2024. |
Restricted Shares (Common Stock)
|
66,667 |
| 2024-09-13 | Schurfeld Richard Earl |
Director |
Buy↑
|
Shares of Common Stock
|
1,800 |
| 2024-09-11 | Schurfeld Richard Earl |
Director |
Sell↓
|
Warrants
|
22,900 |
| 2024-09-09 | Schurfeld Richard Earl |
Director |
Sell↓
|
Warrants
|
100 |
| 2024-09-04 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. |
Shares of Common Stock
|
3,333 |
| 2024-09-03 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.62, a low price of $1.50, and an average of $1.5376. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock
|
33,334 |
| 2024-09-03 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $1.55, a low price of $1.43, and an average of $1.4782. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
35,100 |
| 2024-09-01 | Evers Anthony George |
Chief Financial Officer |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Represents a restricted stock award vesting as to 66,667 RSAs on November 1, 2024. Includes restricted stock awards in the amount of (i) 66,667 vested on July 1, 2024, (ii) 66,667 vested on August 1, 2024, (iii) 66,667 vested on September 1, 2024, and (iv) 66,667 vesting on October 1, 2024. |
Restricted Shares (Common Stock)
|
66,667 |
| 2024-09-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Consists of an RSA grant in the amount of 83,333 set to vest on November 1, 2024. Includes (i) 83,334 RSAs that vested on July 1, 2024, (ii) 83,334 RSAs that are set to vested on August 1, 2024, (iii) RSAs vested on September 1, 2024, and (iv) RSAs vesting on October 1, 2024. |
Restricted Shares (Common Stock)
|
83,333 |
| 2024-08-02 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $2.71, a low price of $2.55, and an average of $2.599. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
33,600 |
| 2024-08-01 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $2.91, a low price of $2.75, and an average of $2.781. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock
|
8,333 |
| 2024-08-01 | Evers Anthony George |
Chief Financial Officer |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Represents a restricted stock award vesting as to 66,667 RSAs on October 1, 2024. Includes restricted stock awards in the amount of (i) 66,667 vested on July 1, 2024, (ii) 66,667 vested on August 1, 2024, and (iii) 66,667 vesting on September 1, 2024. |
Restricted Shares (Common Stock)
|
66,667 |
| 2024-08-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Consists of an RSA grant in the amount of 83,333 set to vest on October 1, 2024. Includes (i) 83,334 RSAs that vested on July 1, 2024, (ii) 83,334 RSAs that are set to vested on August 1, 2024, and (iii) RSAs vesting on September 1, 2024. |
Restricted Shares (Common Stock)
|
83,333 |
| 2024-07-31 | Evers Anthony George |
Chief Financial Officer |
Sell↓
|
Shares of Common Stock
|
83 |
| 2024-07-15 | Evers Anthony George |
Chief Financial Officer |
Sell↓
|
Shares of Common Stock
|
2,000 |
| 2024-07-11 | Evers Anthony George |
Chief Financial Officer |
Sell↓
|
Shares of Common Stock
|
2,000 |
| 2024-07-03 | Evers Anthony George |
Chief Financial Officer |
Sell↓
Filing footnotes — Shares of Common Stock (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $3.08, a low price of $2.96, and an average of $3.0088. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock
|
36,667 |
| 2024-07-02 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Sell↓
Filing footnotes — Shares of Common Stock) (Direct)
The purpose of the sale is solely to cover taxes with vesting of restricted share awards. Based upon shares sold at a high price of $3.11, a low price of $3.00, and an average of $3.0517. The full breakdown of the prices for all shares sold will be provided at the request of the SEC. |
Shares of Common Stock)
|
20,915 |
| 2024-07-01 | Cox Kevin Brian |
Director, CEO & Chairman, 10% Owner |
Award↑
Filing footnotes — Restricted Shares (Common Stock) (Direct)
Consists of an RSA grant in the amount of 83,333 set to vest on September 1, 2024. Includes (i) 83,334 RSAs that vested on July 1, 2024, and (ii) 83,334 RSAs that are set to vest on each of August 1, and September 1, 2024. |
Restricted Shares (Common Stock)
|
83,333 |