Howard Wenger - 22 May 2025 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
President, Director
Signature
/s/ Philip Reuther, as attorney-in-fact for Howard Wenger
Issuer symbol
NXT
Transactions as of
22 May 2025
Transactions value $
-$591,789
Form type
4
Filing time
23 May 2025, 19:16:40 UTC
Previous filing
16 May 2025
Next filing
28 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wenger Howard President, Director C/O NEXTRACKER INC., 6200 PASEO PADRE PARKWAY, FREMONT /s/ Philip Reuther, as attorney-in-fact for Howard Wenger 23 May 2025 0001387222

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXT Common Stock Other -$592K -11.1K -5.19% $53.37 203K 22 May 2025 Direct F1
* 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.