NXT (NXT) insider sells April shares; 122,502 planned sale on 05/20/2026

Rhea-AI Filing Summary

NXT reported a Form 144 notification that 122,502 Class A shares are to be sold on 05/20/2026. The filing also lists recent open-market dispositions by Bruce Ledesma: 26,129 shares on 04/24/2026 (proceeds $3,168,055.02), 26,326 shares on 04/27/2026 (proceeds $3,167,654.89), and 27,349 shares on 04/28/2026 (proceeds $3,167,656.90). The sale method is listed as cash and the securities relate to an option granted 04/06/2022.

Insights

Corporate Governance Analyst

Routine insider resale and option-derived sale activity; no material corporate change shown.

The filing lists a planned resale of 122,502 Class A shares to occur on 05/20/2026 tied to an option grant dated 04/06/2022. It also records three recent dispositions by Bruce Ledesma in late April 2026, each with share counts and dollar proceeds.

These entries are standard resale disclosures. Cash-flow treatment is indicated as Cash; broader company financial impact is not detailed in the excerpt. Subsequent filings would show whether further holdings or plan notices accompany these trades.

Key Figures

Planned sale: 122,502 shares Sale on 04/24/2026: 26,129 shares Sale on 04/27/2026: 26,326 shares +1 more

4 metrics

Planned sale 122,502 shares to be sold on 05/20/2026 tied to an option granted 04/06/2022

Sale on 04/24/2026 26,129 shares proceeds reported as $3,168,055.02

Sale on 04/27/2026 26,326 shares proceeds reported as $3,167,654.89

Sale on 04/28/2026 27,349 shares proceeds reported as $3,167,656.90

Key Terms

Form 144, Class A, Option Granted

3 terms

Form 144 regulatory

"Form 144 notification that 122,502 Class A shares are to be sold"

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 | 05/20/2026 | Option Granted - 04/06/2022"

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.

Option Granted financial

"Option Granted - 04/06/2022 referenced for securities to be sold"

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

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Accepted by SEC EDGAR 05/20/2026 - 12:29 PM Learn about SEC filing dates

FAQ

What did NXT's Form 144 report about planned sales?

The Form 144 reports an intended sale of 122,502 Class A shares to be sold on 05/20/2026, linked to an option granted on 04/06/2022. The filing lists the sale method as cash.

Who sold shares in the recent disclosures and what were the amounts?

The filing shows Bruce Ledesma sold 26,129, 26,326, and 27,349 Class A shares on 04/24/2026, 04/27/2026, and 04/28/2026, respectively, with proceeds listed for each trade.

Are the proceeds from those April sales disclosed?

Yes. The proceeds shown are $3,168,055.02 (04/24/2026), $3,167,654.89 (04/27/2026), and $3,167,656.90 (04/28/2026), reported alongside each share disposal.

Do these Form 144 entries indicate option-related sales?

The excerpt ties the planned sale of 122,502 shares to an option granted 04/06/2022, indicating the securities to be sold relate to option proceeds; the filing labels the transaction type as Issuer and Cash.

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

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	122502	15641667.87	150274472	05/20/2026	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	05/20/2026	Option Granted - 04/06/2022	Issuer			122502	05/20/2026	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
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/24/2026	26129	3168055.02
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/27/2026	26326	3167654.89
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/28/2026	27349	3167656.90

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)