Floco Ried Jordan, president of NightFood Holdings, Inc. (NASDAQ: NGTF), was the subject of a Form 4 filing disclosing insider purchases of the company’s common stock executed between March 9 and March 13, 2026. The filing records that a total of 206,400 shares changed hands in four separate buy transactions, with per-share prices reported between $0.0374 and $0.0375. The aggregate cash value of these purchases amounted to $7,497.
The Form 4 further states that the shares were purchased by Jordan’s spouse and that Jordan disclaims beneficial ownership of those securities except to the extent of any pecuniary interest. Following the recorded trades, Jordan is listed as directly holding 585,000 shares and indirectly holding 387,521 shares of NightFood common stock.
The insider buying occurred while NightFood’s share price has experienced wide swings. The stock is currently trading at about $0.04 and has produced a one-year return of 395%. The same regulatory filing references third-party data indicating the company operates with substantial debt and is depleting cash at a rapid pace. The filing also characterizes the stock as exhibiting high price volatility.
Separately, NightFood disclosed a financing arrangement executed earlier in 2026. On January 10, 2026, the company entered into a Securities Purchase Agreement with Mast Hill Fund, L.P., under which NightFood issued a senior secured promissory note carrying a stated principal amount of $1,175,000. That note was issued with an original issue discount of 15 percent, producing reported net proceeds of $998,750 after transaction-related expenses. The debt instrument bears an annual interest rate of 15 percent and includes additional interest provisions; it matures 12 months from the issue date.
The Form 4 and the separate disclosure related to the promissory note were both filed with the Securities and Exchange Commission. The filings present a snapshot of insider activity in the context of the company’s recent capital-raising and financial profile, including elevated leverage and near-term liquidity dynamics.
Summary
Between March 9 and March 13, 2026, members of NightFood president Floco Ried Jordan’s household purchased 206,400 shares at $0.0374 to $0.0375 per share, totaling $7,497. The filing notes Jordan’s disclaimed beneficial ownership of the shares except for any pecuniary interest. NightFood also issued a 12-month, senior secured promissory note to Mast Hill Fund, L.P., with a principal of $1,175,000, a 15 percent original issue discount, and 15 percent annual interest, yielding net proceeds of $998,750.
Key points
- Insider purchases: 206,400 shares bought in four transactions at $0.0374 to $0.0375 per share, totaling $7,497 - impacts investor sentiment and capital markets attention.
- Ownership disclosure: Post-transaction holdings include 585,000 shares directly and 387,521 shares indirectly - relevant for shareholder structure analysis.
- Short-term financing: NightFood issued a senior secured 12-month promissory note with a $1,175,000 principal and a 15% original issue discount, yielding net proceeds of $998,750 - material to the company’s near-term liquidity profile.
Risks and uncertainties
- High leverage and cash burn: The company is disclosed to have significant debt and rapid cash depletion, affecting its financial stability and funding needs - impacts capital markets and creditors.
- Price volatility: The stock is described as highly volatile and currently trades around $0.04 after a 395% one-year gain, increasing market risk for equity investors.
- Short-term debt maturity: The recently issued promissory note matures in 12 months, creating refinancing or repayment risk for the company within a limited timeframe - relevant to credit markets and liquidity planning.