Randy Soule, who holds a ten percent ownership stake in XCF Global, Inc. (SAFX), executed a sale of 1,261,830 shares of the company’s Class A common stock on March 12, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction generated proceeds of $656,151, with each share sold at $0.52.
The recorded sale price of $0.52 per share is above the company’s current trading price of $0.40. Publicly reported data indicate the stock has experienced significant recent volatility, declining 55% over the past week and 97% over the past year, per InvestingPro data cited in the filing disclosure.
Following the disposition, Soule’s indirect holdings in XCF Global remain substantial: 72,805,455 shares held indirectly through his role as a Member of Encore DEC, LLC. The SEC filing identifies the ownership as indirect, reflecting the holding vehicle rather than direct personal ownership of those shares.
InvestingPro subscribers are noted in the filing context as having access to 11 additional exclusive tips about SAFX, which include perspectives on the company’s high price volatility and metrics associated with financial health. Those subscribers receive supplementary signals beyond the public Form 4 disclosure.
Separately from the insider transaction, XCF Global disclosed a series of corporate developments in recent filings and announcements. The company filed its first Annual Report on Form 10-K with the SEC, in which it described operations at the New Rise Renewables Reno facility. That facility is reported to have a permitted production capacity of 38 million gallons per year.
XCF Global said it has executed a binding term sheet with BGN INT US LLC to establish a global distribution and logistics partnership centered on sustainable aviation fuel and other renewable products. The company also reported that the conversion timeline for its Reno plant remains on schedule, with equipment modifications and catalyst upgrades currently underway.
On the executive front, XCF Global terminated the employment of its Chief Financial Officer, William Dale, and announced further new executive appointments. The company additionally entered into a commercial collaboration with Axens North America, Inc. aimed at advancing deployment of sustainable fuels facilities. That collaboration is intended to pair XCF Global’s modular refinery design with Axens’ Vegan(R) process technology.
Collectively, the recent insider sale and corporate disclosures present a mix of financial-market activity and operational updates. The Form 4 filing documents the share sale and residual indirect holdings, while the company’s 10-K and partnership announcements outline progress at its Reno facility and steps toward scaling renewable fuel production and distribution.
Where details are limited in public filings, the disclosures emphasize the ongoing nature of plant conversion work, strategic partnerships, and a change in the company’s finance leadership. No additional financial projections or further commentary on the insider transaction were included in the SEC filing beyond the sale specifics and the indirect ownership statement.