Daniel S. Shugar reports multiple Class A share sales (NXT)

Rhea-AI Filing Summary

NXT notice: Daniel S. Shugar reported multiple proposed sales of Class A common stock under Section 144. The filing lists individual transactions between 03/09/2026 and 06/01/2026, with reported share amounts such as 59,456, 73,477, 74,041, and repeated 55,000-share entries. Several entries include cash proceeds figures alongside each sale.

Insights

Corporate Governance Expert

Multiple affiliate dispositions reported by a single insider across spring 2026.

The excerpt lists numerous Class A share sales attributed to Daniel S. Shugar, dated from 03/09/2026 through 06/01/2026

These entries are procedural notifications of planned or completed affiliate sales; cash amounts (e.g., $6,253,367.39 on 03/09/2026) are shown per transaction. Timing and sequencing suggest recurring dispositions rather than a single block trade.

Key Figures

Sale on 03/09/2026: 59,456 shares Proceeds on 03/09/2026: $6,253,367.39 Sale on 04/24/2026: 73,477 shares +3 more

6 metrics

Sale on 03/09/2026 59,456 shares reported sale by Daniel S. Shugar

Proceeds on 03/09/2026 $6,253,367.39 cash amount shown for the 03/09/2026 sale

Sale on 04/24/2026 73,477 shares reported sale by Daniel S. Shugar

Proceeds on 04/24/2026 $8,908,843.78 cash amount shown for the 04/24/2026 sale

Repeated 55,000-share entries 55,000 shares (multiple dates) sales reported on 05/21/2026, 05/27/2026, and 06/01/2026

Stock Option Exercise listed Stock Option Exercise securities-to-be-sold entry dated <date>06/05/2026</date>

Key Terms

Form 144, Class A, Stock Option Exercise, Issuer

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Class A financial

"Class A | Fidelity Brokerage Services LLC 900 Salem Street"

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

Stock Option Exercise financial

"Class A | 06/05/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Issuer regulatory

"Stock Option Exercise | Issuer"

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	21402	3097511.46	150274472	06/05/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	06/05/2026	Stock Option Exercise	Issuer			21402	06/05/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/09/2026	59456	6253367.39
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/24/2026	73477	8908843.78
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/27/2026	74041	8908924.09
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/28/2026	76917	8908796.15
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/21/2026	55000	6689424.50
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2026	20787	2615308.09
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/26/2026	45817	6066965.81
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/27/2026	55000	7406080.00
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	06/01/2026	55000	7973262.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did NXT (NXT) disclose in this Form 144?

The filing discloses proposed or reported affiliate sales of Class A shares by Daniel S. Shugar. It lists multiple transactions dated between 03/09/2026 and 06/01/2026, with specific share counts and cash proceeds for each.

How many shares did Daniel S. Shugar sell on 04/24/2026 for NXT?

On 04/24/2026, the filing shows a sale of 73,477 shares. The entry includes an associated cash figure of $8,908,843.78 as reported in the excerpt.

Does the Form 144 show any stock option exercises for NXT?

Yes. The securities-to-be-sold section references a Stock Option Exercise dated 06/05/2026, with payment method listed as Cash. The filing pairs that method with Class A shares and Nasdaq as the market.

Are the reported proceeds shown in the Form 144 important?

The filing provides per-transaction cash amounts beside each sale, for example $6,066,965.81 on 05/26/2026. These figures show the gross proceeds reported for each listed disposition.

Does the Form 144 identify who receives the sale proceeds for NXT?

The entries pair share counts with cash figures but do not specify beneficiary parties beyond the reporting person. The excerpt lists Daniel S. Shugar as the reporting person for each sale; further cash-flow treatment is not described.