Howard Wenger proposes sale of 16,041 NXT (NASDAQ:NXT) shares

Rhea-AI Filing Summary

Howard Wenger notified a proposed sale of 16,041 Class A shares of NXT. The filing lists these shares as from restricted stock vesting dated 06/18/2026 and labels the transaction as compensation. The document also reports multiple open-market dispositions by the same holder during April–May 2026.

Key Figures

Proposed sale: 16,041 shares Sale on 05/21/2026: 124,497 shares Proceeds on 05/21/2026: $15,150,176.88 +3 more

6 metrics

Proposed sale 16,041 shares restricted stock vesting dated 06/18/2026

Sale on 05/21/2026 124,497 shares open-market disposition on 05/21/2026

Proceeds on 05/21/2026 $15,150,176.88 proceeds reported for the 124,497-share sale

Sale on 05/26/2026 72,540 shares open-market disposition on 05/26/2026

Proceeds on 05/26/2026 $9,439,601.76 proceeds reported for the 72,540-share sale

Broker listed Fidelity Brokerage Services LLC 900 Salem Street, Smithfield RI (listed in securities information)

Key Terms

Restricted Stock Vesting, Form 144, Compensation

3 terms

Restricted Stock Vesting financial

"Class A | 06/18/2026 | 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.

Form 144 regulatory

"form_type: 144"

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.

Compensation financial

"16041 | 06/18/2026 | Compensation"

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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	16041	2059394.91	150274472	06/22/2026	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	06/18/2026	Restricted Stock Vesting	Issuer			16041	06/18/2026	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
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/24/2026	39189	4751536.93
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/27/2026	39488	4751362.01
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/28/2026	41024	4751543.26
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/20/2026	16090	2048578.80
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/21/2026	124497	15150176.88
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2026	19445	2403068.97
Howard Wenger 6200 Paseo Padre Parkway Fremont, CA 94555	Class A	05/26/2026	72540	9439601.76

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 Howard Wenger's Form 144 for NXT report?

It reports a proposed sale of 16,041 Class A shares. The filing states the shares arise from restricted stock vesting dated 06/18/2026 and is classified as compensation.

Who is the broker or intermediary listed on the NXT Form 144?

The filing lists Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield RI. That broker is identified in the securities information section of the submission.

Did Howard Wenger trade other NXT shares recently according to the filing?

Yes. The filing lists multiple dispositions in April–May 2026, including 124,497 shares on 05/21/2026 for $15,150,176.88 and 72,540 shares on 05/26/2026 for $9,439,601.76.

Are the 16,041 shares being sold part of compensation for NXT?

Yes. The filing describes the 16,041 Class A shares as resulting from restricted stock vesting and categorizes the source as compensation on 06/18/2026.

Does the Form 144 state how the 16,041 shares will be sold (method)?

The excerpt lists the securities and broker but does not specify the exact sale method. The filing identifies the broker as Fidelity Brokerage Services LLC without detailing execution method.