SurgePays, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by May David Allen, was filed 11 Dec 2025.
SurgePays, Inc.: what insiders have been doing
SurgePays, Inc. is a Business Services company. Its directors and officers file their transactions with SEC (Form 4). The last twelve months, up to 8 November 2026, brought 10 filings signed by 5 insiders.
Every open-market trade in the period is a purchase: 2 purchases worth €53k, from 1 insider, and not a single sale. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The buyers include 1 senior executive. The largest single trade was a purchase of €39k by May David Allen, published on 11 December 2025.
The last insider purchase was made public on 11 December 2025, 332 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 14 days. The legal deadline for a Form 4 is two business days after the transaction.
With 10 filings in twelve months, the company is quieter than the median of 24 filings across the 3,182 companies we follow on the same exchange. Looking back to 2008, when coverage begins, insiders filed 55 purchases and 20 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 57.0 m USD and net income at -36.1 m USD.
Elsewhere in the same sector, our signals recently picked up insider purchases at ELIS and GL Events. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Who traded when
BuySaleSince the insiders bought
- -39.9%Entry US$1.48 · Close at T+90 US$0.89
- -84.3%Entry US$3.18 · Close at T+365 US$0.50
- -5.7%Entry US$2.11 · Close at T+365 US$1.99
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
- 315,179 shares0Restricted Shares (Common Stock)SEC:0001493152-26-042900:0
- 315,179 shares0Restricted Shares (Common Stock)SEC:0001493152-26-042521:0
- 315,179 shares0Restricted Shares (Common Stock)SEC:0001493152-26-041730:0
- 800,000 shares@ US$1.2577.3% of flowCommon StockSEC:0001493152-26-015498:0
- 270,745 shares0Common StockSEC:0001493152-26-015498:1
- 270,745 shares0Common StockSEC:0001493152-26-015498:2
- 500,000 shares0Common StockSEC:0001493152-26-015498:3
- 200,000 shares0Shares of Common StockSEC:0001493152-26-000285:0
- 10,000 shares@ US$1.623.8% of flowShares of Common StockSEC:0001493152-25-027343:1Canonical exit: 10 Mar 2026 (T+90)
- 28,422 shares@ US$1.59913.8% of flowShares of Common StockSEC:0001493152-25-027343:0Canonical exit: 10 Mar 2026 (T+90)
- 63,000 shares@ US$2.81454.8% of flowShares of Common StockSEC:0001641172-25-014515:0
- 50,000 shares0Restricted Shares (Common Stock)SEC:0001641172-25-012494:0
- 50,000 shares0Restricted Shares (Common Stock)SEC:0001641172-25-012495:0
- 50,000 shares0Restricted Shares (Common Stock)SEC:0001641172-25-012496:0
- 15,073 shares@ US$2.753.3% of flowShares of Common Stock)SEC:0001641172-25-011482:0Canonical exit: 14 Aug 2025 (T+90)
- 35,180 shares@ US$1.82165.5% of flowShares of Common Stock)SEC:0001493152-24-048624:0
- 36,666 shares@ US$1.8649.8% of flowShares of Common StockSEC:0001493152-24-048625:0
- 0.99 shares@ US$1.670.0% of flowShares of Common StockSEC:0001493152-24-047622:1Canonical exit: 20 Feb 2025 (T+90)
- 301 shares@ US$1.833.9% of flowShares of Common StockSEC:0001493152-24-047622:2Canonical exit: 23 Feb 2025 (T+90)
- 100 shares@ US$1.841.3% of flowShares of Common StockSEC:0001493152-24-047622:3Canonical exit: 23 Feb 2025 (T+90)
- 1,500 shares@ US$1.8419.7% of flowShares of Common StockSEC:0001493152-24-047622:4Canonical exit: 23 Feb 2025 (T+90)
- 3,099 shares@ US$1.8440.8% of flowShares of Common StockSEC:0001493152-24-047622:5Canonical exit: 23 Feb 2025 (T+90)
- 2,808 shares@ US$1.70100.0% of flowShares of Common StockSEC:0001493152-24-047622:0Canonical exit: 20 Feb 2025 (T+90)
- 700 shares@ US$1.6413.7% of flowShares of Common StockSEC:0001493152-24-046995:1Canonical exit: 13 Feb 2025 (T+90)
- 2,800 shares@ US$1.587799.9% of flowShares of Common StockSEC:0001493152-24-046995:0Canonical exit: 13 Feb 2025 (T+90)
25 of 114 declarations
About SurgePays, Inc.
SurgePays, Inc. is a US-listed company traded on NASDAQ under the ticker SURG. It operates at the intersection of telecom, fintech, and retail point-of-sale software, with a strategy focused on underserved and rural consumers as well as independent retail partners. The company is incorporated in the United States, was formed on August 18, 2006, and is headquartered in Bartlett, Tennessee. For investors, SurgePays is best understood as a small-cap platform business that combines distribution, software, and recurring service revenue in markets where affordability and access matter. ([ir.surgepays.com](https://ir.surgepays.com/faq?utm_source=openai))
The company’s history is rooted in telecom entrepreneurship and acquisitions. CEO Brian Cox says he entered the telecom industry in 2004 by founding a prepaid telephone company that later grew through organic expansion and acquisition before being sold in 2009. That background still shapes SurgePays’ strategy today: sell essential services into price-sensitive communities, use retail partners as a low-friction customer acquisition channel, and layer technology on top of physical distribution. The result is a business model that blends telecom economics with software-enabled retail monetization. ([ir.surgepays.com](https://ir.surgepays.com/management?utm_source=openai))
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Operationally, SurgePays now emphasizes several core business lines. In telecom, it offers subsidized wireless services through federal programs such as Lifeline and also operates LinkUp Mobile, its prepaid wireless brand, which is positioned around contract-free flexibility. In retail partner solutions, the company provides prepaid wireless top-ups, debit reloads, gift card activation, and managed marketing tools that turn existing store terminals and customer-facing screens into engagement and advertising surfaces. Its ClearLine POS technology is described as a patent-pending SaaS application that converts standard POS infrastructure into interactive marketing and loyalty tools. These offerings indicate a vertically integrated model, where software and services are designed to reinforce one another. ([ir.surgepays.com](https://ir.surgepays.com/?utm_source=openai))
SurgePays’ competitive position is tied to its ability to serve underserved customers through a nationwide retail network. The company’s website and investor materials emphasize a mission to bridge the digital divide and provide telecom and financial products where people live and shop. This gives the group a niche positioning versus larger US telecom and payments players, although it also means execution risk is high and scale remains an important challenge. The company has acknowledged in SEC filings that it has historically incurred significant losses and has not yet proven an ability to generate sufficient revenue to achieve profitable operations. ([ir.surgepays.com](https://ir.surgepays.com/?utm_source=openai))
Recent developments are important for assessing the investment case. SurgePays disclosed in 2026 that it was late filing its annual report for the year ended December 31, 2025, citing delays in completing financial statements and related disclosures. The company also announced a January 2026 underwriting transaction, which suggests continued capital-markets activity. For investors following SEC Form 4 insider transactions, these disclosures matter because they frame the company’s current stage: still building scale, still managing financing needs, and still highly dependent on operational execution in telecom, retail distribution, and fintech services. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1392694/000149315226014265/formnt10-k.htm?utm_source=openai))
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