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Filing Details

Accession Number:: 0001209191-18-047286
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-08-17 14:04:06
Reporting Period:: 2018-03-28

Accepted Time:: 2018-08-17 14:04:06
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1424657	Cuentas Inc.	NXGH	Wholesale-Groceries & Related Products (5140)	463243320

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1729188	Harrison Vargas	10007 Vestal Place Coral Springs FL 33071		No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2018-03-28	300,000	$0.03	27,693,253	No	4	P	Direct
Common Stock	Acquisiton	2018-03-29	1,656,698	$0.03	29,349,951	No	4	P	Direct
Common Stock	Acquisiton	2018-05-02	198,000	$0.03	29,547,951	No	4	P	Direct
Common Stock	Acquisiton	2018-05-03	312,000	$0.03	29,859,951	No	4	P	Direct
Common Stock	Acquisiton	2018-05-04	140,049	$0.03	30,000,000	No	4	P	Direct
Common Stock	Acquisiton	2018-05-09	900,000	$0.03	30,900,000	No	4	P	Direct
Common Stock	Acquisiton	2018-08-10	700,000	$0.01	31,600,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,900,000	Indirect	*
Common Stock	82,109	Indirect	*

Footnotes

The reporting person's purchase of common stock reported herein may be deemed to be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 60,000 shares, with the reporting person's previously reported sale of 60,000 shares of common stock at a weighted average price of $0.039 per share on January 8, 2018. The reporting person has voluntarily disgorged any profits deemed realized from such transactions to Next Group Holdings, Inc.
The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.026 to $0.0297 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (2).
The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.0312 to $0.033 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (3).
The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.032 to $0.0322 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (4).
The registrant announced that on August 13, 2018, the Financial Industry Regulatory Authority (FINRA) approved the registrant's previously disclosed 1:300 reverse stock split of its common stock. Columns 4 and 5 report transactions and ownership before the reverse stock split and therefore do not reflect its effect.
Mr. Vargas owns 3,900,000 shares of the common stock of Next Group Holdings, Inc. indirectly through Varsatel Corporation and Comtel Direct, LLC. Mr. Vargas is the sole stockholder, sole director, and chief executive officer of Varsatel Corporation. Mr. Vargas is the sole member of CHT Holdings, LLC, which is the managing member of Comtel Direct, LLC.
Shares owned by spouse who shares Mr. Vargas's household. Mr. Vargas disclaims beneficial ownership of the shares owned by his spouse, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.