Daniel S. Shugar files Form 144 to sell Class A shares

Daniel S. Shugar reported proposed sales of Class A shares under a Form 144 notice and listed multiple recent dispositions.

Rhea-AI Filing Summary

Daniel S. Shugar reported proposed sales of Class A shares under a Form 144 notice and listed multiple recent dispositions. The excerpt shows a Restricted Stock Vesting event dated 04/01/2025 and a series of sales between 03/04/2026 and 05/22/2026 with specific share counts and gross proceeds.

Examples in the excerpt include sales of 39,892, 59,456, 73,477, 74,041, 76,917, 55,000, and 20,787 Class A shares on the dates shown, with corresponding gross proceeds listed in the table.

Insights

Equity Capital Markets Analyst

Form 144 lists affiliate sales activity and a prior restricted stock vesting.

The filing excerpt documents Class A share dispositions by Daniel S. Shugar with multiple dated sales between 03/04/2026 and 05/22/2026

These entries are routine notices of intended resale by an affiliate; the excerpt provides per‑trade share counts and gross proceeds but does not state whether sales were under an existing plan or the method of sale. Subsequent filings or broker records would show execution details.

Key Figures

Sale — 03/04/2026: 39,892 shares Gross proceeds — 03/04/2026: $4,030,687.68 Sale — 03/09/2026: 59,456 shares +4 more

7 metrics

Sale — 03/04/2026 39,892 shares sale dated <date>03/04/2026</date>

Gross proceeds — 03/04/2026 <money>$4,030,687.68</money> proceeds paired with 39,892 shares

Sale — 03/09/2026 59,456 shares sale dated <date>03/09/2026</date>

Gross proceeds — 03/09/2026 <money>$6,253,367.39</money> proceeds paired with 59,456 shares

Sale — 04/24/2026 73,477 shares sale dated <date>04/24/2026</date>

Sale — 05/21/2026 55,000 shares sale dated <date>05/21/2026</date>

Restricted stock vesting 26,077 shares vesting event dated <date>04/01/2025</date>

Key Terms

Form 144, Restricted Stock Vesting, Class A, Issuer

4 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

Restricted Stock Vesting financial

"Class A | 04/01/2025 | Restricted Stock Vesting"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Class A market

"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.

Issuer legal

"Restricted Stock Vesting | Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for NXT show about Daniel S. Shugar?

The filing shows proposed resale activity and recent dispositions. It lists multiple Class A share sales totaling individual trades such as 39,892 and 59,456 shares on specific dates between 03/04/2026 and 05/22/2026, with gross proceeds per trade.

Was there a vesting event disclosed in the NXT excerpt?

Yes. The excerpt includes a Restricted Stock Vesting entry dated 04/01/2025 showing Class A shares issued to the issuer for compensation on that date, as listed in the securities section.

Do the numbers in the excerpt show proceeds for each sale?

Yes. Each sale row pairs a share count with a numeric proceeds amount, for example 39,892 shares with $4,030,687.68 and 59,456 shares with $6,253,367.39, as shown in the table.

Does this Form 144 confirm all sales were completed?

No. Form 144 provides notice of proposed or recent resales and lists sales in the past three months; it does not by itself confirm settlement details or the execution method for each trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 10:52 AM Learn about SEC filing dates

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	0001425477
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Nextpower Inc.
SEC File Number	001-41617
Address of Issuer	6200 PASEO PADRE PARKWAY FREMONT CALIFORNIA 94555
Phone	510-270-2500
Name of Person for Whose Account the Securities are To Be Sold	SHUGAR DANIEL S
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	Officer
Relationship to Issuer	Director

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	26077	3513093.44	150274472	05/26/2026	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	04/01/2025	Restricted Stock Vesting	Issuer			26077	04/01/2025	Compensation

* 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	03/04/2026	39892	4030687.68
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

144: Remarks and Signature

Remarks
Date of Notice	05/26/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/03/2025
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	/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Daniel Shugar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)