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Nextpower Inc. filings document public-company reporting for a solar technology business that changed its corporate name from Nextracker Inc. to Nextpower Inc. The record includes Form 8-K disclosures for quarterly operating results, an authorized share repurchase program, an unsecured revolving credit agreement, executive-transition disclosures for the legal and compliance function, and amendments to charter and bylaws reflecting the name change.
Governance filings include the definitive proxy statement and annual meeting vote results for director elections, auditor ratification and executive-compensation matters. The filings also describe Class A common stock voting mechanics, board matters, compensatory disclosures and other formal disclosure subjects tied to Nextpower's capital structure and corporate governance.
Nextpower Inc. is soliciting proxies for its virtual Annual Meeting on August 18, 2026 at 8:00 a.m. (Pacific Time) to vote on four proposals: election of four directors for terms through 2029, ratification of Deloitte & Touche LLP as auditor for the fiscal year ending March 31, 2027, an advisory "say-on-pay" vote on named executive officer compensation, and amendments to the Second Amended and Restated Certificate of Incorporation to eliminate legacy Class B common stock and rename Class A common stock.
Only holders of Class A common stock as of the Record Date, June 22, 2026 may vote. On that date there were 151,653,265 shares of Class A common stock outstanding and no shares of Class B common stock outstanding. Proxy materials are available at www.proxyvote.com and registration for the virtual meeting is at www.virtualshareholdermeeting.com/NXT2026.
Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported equity compensation activity involving restricted stock units. On June 18, 2026, 20,326 RSUs vested and converted into the same number of common shares on a one-for-one basis. As part of this vesting, 10,436 shares were sold in a mandatory sell-to-cover transaction to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, meaning these were not discretionary trades. Following these transactions and subsequent adjustments, Ledesma held 249,439 shares of Nextpower common stock directly.
Nextpower Inc. CEO Daniel S. Shugar reported compensation-related equity activity. On June 18, 2026, previously granted restricted stock units vested and converted into 57,165 shares of common stock on a one-for-one basis. In connection with this vesting, 30,077 shares were sold in a mandatory “sell-to-cover” transaction to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, meaning these were not discretionary trades by the CEO. After these transactions and a related restructuring entry, Shugar directly holds 938,767 common shares and indirectly holds 326,544 shares through the Kathleen and Daniel Shugar Family Trust.
Nextpower Inc. Chief Accounting Officer Bennett David P reported routine equity compensation activity involving restricted stock units and related tax sales. On June 18, 2026, 25,407 RSUs granted on June 21, 2023 vested and converted into the same number of common shares on a one-for-one basis.
In connection with this vesting, 13,368 common shares were sold in a mandated sell-to-cover transaction at $128.38 per share to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, and are not discretionary trades. After these transactions and a related non-discretionary adjustment, Bennett directly owns 161,201 shares of Nextpower common stock.
Nextpower Inc. President and director Howard Wenger reported compensation-related equity activity involving restricted stock units (RSUs). On June 18, 2026, 30,488 RSUs vested and were converted into 30,488 shares of common stock on a one-for-one basis at an exercise price of $0.00 per share.
According to the disclosure, a portion of the resulting shares was required to be sold in a mandated “sell-to-cover” transaction to satisfy tax withholding obligations under the company’s policy adopted pursuant to Rule 10b5-1, meaning these sales were not discretionary trades. After subsequent restructuring activity totaling 16,041 shares on June 22, 2026, Wenger directly held 431,044 shares of Nextpower common stock.
David Bennett submitted a Rule 144 notice relating to Class A shares. The filing lists securities to be sold and discloses multiple prior transactions: sales on 04/24/2026 (32,666 shares), 04/27/2026 (32,908 shares), 04/28/2026 (34,185 shares), and additional sales in May 2026. The filing also references 13,368 Class A shares in a securities-to-be-sold line and notes 06/22/2026 and 06/18/2026 as reporting dates.
Daniel S. Shugar filed a Form 144 proposing sales of Class A shares.
The notice lists multiple proposed transactions across April–June 2026 tied to restricted stock vesting and compensation, with individual entries showing share counts and gross proceeds. Examples include 73,477 shares on 04/24/2026 for $8,908,843.78 and 74,041 shares on 04/27/2026 for $8,908,924.09.
Nicholas Miller reported multiple Rule 144 sales of Class A shares. The filing lists sales on 04/24/2026, 04/27/2026, 04/28/2026, 05/20/2026, 05/22/2026, 05/26/2026, and 05/29/2026, with individual share amounts and gross proceeds for each trade as shown in the filing. The transactions are recorded under "Restricted Stock Vesting" and "Compensation" categories in the excerpt.
Howard Wenger notified a proposed sale of 16,041 Class A shares of NXT. The filing lists these shares as from restricted stock vesting dated 06/18/2026 and labels the transaction as compensation. The document also reports multiple open-market dispositions by the same holder during April–May 2026.
NXT filed a Form 144 reporting the proposed sale of 10,436 Class A shares tied to a Restricted Stock Vesting event on 06/18/2026. The filing also discloses recent open-market sales by Bruce Ledesma on multiple dates in April–May 2026, with individual sale quantities and aggregate proceeds shown for each trade.