Randy Soule and Encore DEC, LLC Reduce Stake in XCF Global, Inc. to 21.8%

Randy Soule and Encore DEC, LLC filed an Amendment No. 3 to their Schedule 13D for XCF Global, Inc. (SAFX), reporting a decrease in their collective holdings. The filing, dated May 22, 2026, details a series of divestments by Encore DEC, LLC, including an open market sale of 1,261,830 shares on March 12, 2026, at $0.52 per share, and two private sales: 9,000,000 shares on April 30, 2026, at $0.344 per share, and 5,000,000 shares on May 15, 2026, at $0.4074 per share. Following these transactions, Randy Soule's total beneficial ownership decreased from 77,383,239 shares (26.2%) to 72,383,239 shares, representing 21.8% of the company's Class A Common Stock. Mr. Soule maintains voting and dispositive power over shares held by Encore DEC, LLC and a significant portion of shares held by RESC Renewables Holdings, LLC. The reporting persons indicated they may continue to purchase or sell shares based on market conditions.