NXT holder plans sale of 67,636 Class A shares

Daniel S. Shugar filed a notice to sell up to 67,636 Class A shares of issuer NXT held at Fidelity Brokerage Services LLC on NASDAQ.

Rhea-AI Filing Summary

Daniel S. Shugar filed a notice to sell up to 67,636 Class A shares of issuer NXT held at Fidelity Brokerage Services LLC on NASDAQ. The shares relate to restricted stock vesting on 05/23/2025. The issuer lists 151,729,520 Class A shares outstanding. The filing also reports prior Class A sales by Shugar between 05/21/2026 and 06/22/2026 in multiple blocks ranging from about 20,000 to 55,000 shares each.

Key Figures

Planned shares to be sold: 67,636 shares Shares outstanding: 151,729,520 shares Prior sale 05/21/2026: 55,000 shares; $6,689,424.50 +3 more

6 metrics

Planned shares to be sold 67,636 shares Class A shares covered by the Form 144 notice

Shares outstanding 151,729,520 shares Issuer’s Class A shares outstanding as listed in the filing

Prior sale 05/21/2026 55,000 shares; $6,689,424.50 Class A shares sold by Daniel S. Shugar on 05/21/2026

Prior sale 05/27/2026 55,000 shares; $7,406,080.00 Class A shares sold by Daniel S. Shugar on 05/27/2026

Prior sale 06/01/2026 55,000 shares; $7,973,262.00 Class A shares sold by Daniel S. Shugar on 06/01/2026

Prior sale 06/22/2026 30,077 shares; $3,861,381.51 Class A shares sold by Daniel S. Shugar on 06/22/2026

Key Terms

Form 144, Restricted Stock Vesting, Class A, Securities Sold During The Past 3 Months

4 terms

Form 144 regulatory

"144: Securities To Be Sold Class A | 05/23/2025"

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 | 05/23/2025 | Restricted Stock Vesting | Issuer"

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 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.

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months"

FAQ

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

What does the Form 144 filing by Daniel S. Shugar mean for NXT?

The filing shows Daniel S. Shugar plans to sell up to 67,636 Class A shares of NXT. These shares stem from restricted stock vesting on 05/23/2025 and are in addition to several sales already made between May and June 2026.

How many NXT Class A shares is Daniel S. Shugar planning to sell?

Daniel S. Shugar plans to sell up to 67,636 Class A shares of NXT. These shares are held at Fidelity Brokerage Services LLC and relate to a restricted stock vesting event dated 05/23/2025, according to the Form 144 disclosure.

What prior NXT share sales did Daniel S. Shugar report in the last 3 months?

Shugar reported multiple NXT Class A sales: 55,000 shares on 05/21/2026, 20,787 on 05/22/2026, 45,817 on 05/26/2026, 55,000 on 05/27/2026, 55,000 on 06/01/2026, 21,402 on 06/05/2026, and 30,077 on 06/22/2026.

What were the approximate dollar values of Daniel S. Shugar’s recent NXT share sales?

Reported sale values include $6,689,424.50 on 05/21/2026, $2,615,308.09 on 05/22/2026, $6,066,965.81 on 05/26/2026, $7,406,080.00 on 05/27/2026, $7,973,262.00 on 06/01/2026, $3,097,511.46 on 06/05/2026, and $3,861,381.51 on 06/22/2026.

How many NXT Class A shares are outstanding according to this Form 144?

The Form 144 lists 151,729,520 Class A shares outstanding for NXT. This figure provides context for evaluating the scale of Daniel S. Shugar’s planned 67,636-share sale and his previously reported transactions over the past three months.

On which market are NXT Class A shares associated with this Form 144 listed?

The Class A shares referenced in Daniel S. Shugar’s Form 144 are listed on NASDAQ. The filing identifies Fidelity Brokerage Services LLC as the broker handling the proposed 67,636-share sale of NXT Class A common stock.

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

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Available on EDGAR 08/10/2026 - 10:51 AM Accepted by SEC EDGAR 08/10/2026 - 10:51 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	67636	7075401.96	151729520	08/10/2026	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	05/23/2025	Restricted Stock Vesting	Issuer			67636	05/23/2025	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	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
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	06/05/2026	21402	3097511.46
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	06/22/2026	30077	3861381.51

144: Remarks and Signature

Remarks
Date of Notice	08/10/2026
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/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Daniel S. Shugar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)