Conyers Investments LLC, identified as a 10% owner of Newsmax Inc. (NMAX), reported share sales totaling $29,070 across two transactions, according to U.S. Securities and Exchange Commission (SEC) filing information. The specified sale involved 2,191 shares on September 25, 2026, at $11.05 each.

The available information gives a filing-wide sales total but does not provide a complete breakdown of both transactions. That distinction matters when reading the figures: the stated share count and price do not account for all the reported proceeds.

The source publication timestamp is September 29, 2026. That is separate from the September 25 transaction date supplied for the identified sale; the publication timestamp should not be treated as the date the shares changed hands.

How the figures fit together

Multiplying 2,191 shares by the stated $11.05 price produces $24,210.55. That is $4,859.45 below the $29,070 aggregate sales figure provided for the filing.

The gap shows why readers should distinguish a transaction-level figure from a filing total. It does not, by itself, establish the second transaction's share count, execution price or date. Those details are not included in the supplied information, and reconstructing them would require assumptions.

Likewise, dividing the aggregate proceeds by 2,191 would not establish an average selling price for the filing. The denominator would cover only the identified sale while the numerator would cover both transactions. A filing-wide average requires the complete number of shares sold.

The $29,070 figure represents the reported value of sales, not a disclosed investment profit. Calculating a gain or loss would require the seller's acquisition cost, which the available material does not provide.

What the disclosure establishes

Form 4 is the SEC disclosure used to report changes in beneficial ownership by covered company insiders, including certain large shareholders. Here, the reporting party is Conyers Investments, whose stated relationship to Newsmax is that of a 10% owner. The supplied record does not identify Conyers as a company executive or director.

These are sales by a shareholder. The filing information does not describe Newsmax issuing new shares or receiving the sale proceeds. It also does not supply a post-transaction holding, so readers cannot determine from this material what percentage of Conyers' position was sold or how much remained afterward.

The source indicates that the transactions were not made under a Rule 10b5-1 trading plan. Such plans can arrange securities trades in advance under specified conditions. The absence of a plan does not establish a motive for selling or demonstrate improper conduct.

What to watch

The full transaction entries and any disclosed remaining holdings are the next details to check. They would clarify the second sale and the size of the disposal relative to Conyers' position; the available summary does not resolve either question.