Daniel Shugar - 17 Nov 2025 Form 4 Insider Report for Nextpower Inc. (NXT)

Role
Chief Executive Officer, Director
Signature
/s/ Philip Reuther, as attorney-in-fact for Daniel Shugar
Issuer symbol
NXT
Transactions as of
17 Nov 2025
Transactions value $
-$4,357,846
Form type
4
Filing time
18 Nov 2025, 20:39:23 UTC
Previous filing
18 Aug 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 NEXTPOWER INC., 6200 PASEO PADRE PARKWAY, FREMONT /s/ Philip Reuther, as attorney-in-fact for Daniel Shugar 18 Nov 2025 0001425477

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXT Common Stock Sale -$3.7M -40.7K -6.04% $91.10 632K 17 Nov 2025 Direct F1, F2
transaction NXT Common Stock Sale -$654K -7.08K -1.12% $92.28 625K 17 Nov 2025 Direct F1, F3
holding NXT Common Stock 239K 17 Nov 2025 By Trust F4
* 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 The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 19, 2025.
F2 The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $90.810 to $91.800. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
F3 The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $91.810 to $92.725. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such ranges.
F4 Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007