NXT (NXT) affiliate Daniel S. Shugar files Form 144 showing multiple Class A sales

Rhea-AI Filing Summary

NXT reported proposed sales of Class A common stock by an affiliate, Daniel S. Shugar, via a Form 144 notice.

The filing lists multiple sale transactions and recent dispositions: 03/04/2026 39,892 shares ($4,030,687.68), 03/09/2026 59,456 shares ($6,253,367.39), and 05/22/2026 vesting of 19,740 shares as Restricted Stock Vesting. Several additional sale dates and share amounts are included in the notice.

Insights

Corporate Governance Analyst

Insider filed multiple dispositions and a restricted stock vesting notice; timing and proceeds are shown per line items.

These Form 144 entries list specific sale dates and share counts attributable to Daniel S. Shugar, including multiple open-market dispositions in March and April 2026 and a restricted-stock vesting on 05/22/2026. The filing is a routine affiliate disclosure of intended or recent sales rather than a company action.

Cash‑flow treatment and whether sales were pre-arranged are not specified in the excerpt; subsequent SEC filings or broker records would show execution details and exact proceeds received.

Key Figures

Disposition example: 39,892 shares Proceeds example: $4,030,687.68 Disposition example: 59,456 shares +4 more

7 metrics

Disposition example 39,892 shares sold on 03/04/2026

Proceeds example $4,030,687.68 associated with 39,892 shares on 03/04/2026

Disposition example 59,456 shares sold on 03/09/2026

Proceeds example $6,253,367.39 associated with 59,456 shares on 03/09/2026

Restricted stock vesting 19,740 shares vested on 05/22/2026 labeled as Compensation

Additional disposition 73,477 shares sold on 04/24/2026 with proceeds <money>$8,908,843.78</money>

Additional disposition 74,041 shares sold on 04/27/2026 with proceeds <money>$8,908,924.09</money>

Key Terms

Form 144, Restricted Stock Vesting, Issuer, Compensation

4 terms

Form 144 regulatory

"Form 144 notice of proposed sale by an affiliate"

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 | 05/22/2026 | 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.

Issuer regulatory

"Restricted Stock Vesting | Issuer | 19740"

Compensation financial

"05/22/2026 | Compensation"

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	19740	2553872.37	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	05/22/2026	Restricted Stock Vesting	Issuer			19740	05/22/2026	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

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 does NXT's Form 144 filing show about Daniel S. Shugar?

It shows multiple proposed or reported dispositions of Class A shares by Daniel S. Shugar. The filing lists specific dates and share counts, for example 39,892 shares on 03/04/2026 and 59,456 shares on 03/09/2026.

Does the Form 144 indicate proceeds from the sales for NXT (symbol NXT)?

The excerpt includes per-transaction dollar figures alongside share counts, such as $4,030,687.68 for 39,892 shares on 03/04/2026. The filing lists amounts tied to each disposition line in the excerpt.

Was any compensation-related issuance reported in this NXT filing?

Yes. The filing records a Restricted Stock Vesting event for 19,740 Class A shares dated 05/22/2026, listed with the issuer and labeled as Compensation in the excerpt.

Is Form 144 itself a sale confirmation for NXT shares?

No. Form 144 notifies the SEC of an affiliate's intent or ability to sell restricted or control securities. The excerpt lists proposed or recent dispositions; actual trades and settled proceeds are reported elsewhere if executed.

Where can I find more details about the execution of these NXT transactions?

Execution details appear in subsequent broker confirmations or Form 4/Form 5 filings if applicable. The provided excerpt lists dates, share counts, and dollar figures but does not confirm settlement or trading mechanisms.