DANIEL SHUGAR - 22 May 2025 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
Chief Executive Officer, Director
Signature
/s/ Philip Reuther, as attorney-in-fact for Daniel S Shugar
Issuer symbol
NXT
Transactions as of
22 May 2025
Transactions value $
-$1,183,471
Form type
4
Filing time
23 May 2025, 18:56:03 UTC
Previous filing
25 Apr 2025
Next filing
28 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SHUGAR DANIEL S Chief Executive Officer, Director C/O NEXTRACKER INC., 6200 PASEO PADRE PARKWAY, FREMONT /s/ Philip Reuther, as attorney-in-fact for Daniel S Shugar 23 May 2025 0001425477

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXT Common Stock Other -$1.18M -22.2K -6.36% $53.37 326K 22 May 2025 Direct F1
holding NXT Common Stock 173K 22 May 2025 By Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of RSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person.
F2 Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.