REALTY ADVISORS INC → New Concept Energy, Inc. GBR

Stake: 17.46% Shares: 646,254 CUSIP: 643611106 Class: Common Stock, par value $0.01 per share

Composite Decision Signal · PASS (LOW BASE-RATE EDGE) Conviction Score: 10/100 · Filer 90d Win Rate: 0% · Hist. 90d Edge: +0.0%

Item 4 — Purpose of Transaction

There is no change in the purposes from that previously reported.

Insider Activity (last 365d)

0 transactions

0 buys · 0 sales · 0 awards/exercises

Issuer Cluster

4 13D/G filings on this issuer

3 other filings besides this one

Filer Track Record

4 filings by this filer

3 other filings in the data moat

Short Interest · settle 2026-10-15

DTC 1.00

13,612 shares short · -41.2% vs prior

+1 day

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Anchor price 0.69 on closest trading day on/after 2024-12-20. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Filed	Form	Filer	Stake	Shares
2026-10-02	SCHEDULE 13D/A	REALTY ADVISORS INC	33.70%	2,400,000	view →
2026-01-08	SCHEDULE	REALTY ADVISORS INC	7.80%	400,000	view →
2024-11-04	SC	REALTY ADVISORS INC	—	—	view →

Filed	Form	Issuer	Stake	Shares
2026-10-02	SCHEDULE 13D/A	New Concept Energy, Inc.	33.70%	2,400,000	view →
2026-01-08	SCHEDULE	New Concept Energy, Inc. GBR	7.80%	400,000	view →
2024-11-04	SC	New Concept Energy, Inc. GBR	—	—	view →

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