NXT (NASDAQ: NXT) director proposes multi-date Class A sales

Rhea-AI Filing Summary

Daniel S. Shugar filed a Form 144 proposing sales of Class A shares.

The notice lists multiple proposed transactions across April–June 2026 tied to restricted stock vesting and compensation, with individual entries showing share counts and gross proceeds. Examples include 73,477 shares on 04/24/2026 for $8,908,843.78 and 74,041 shares on 04/27/2026 for $8,908,924.09.

Key Figures

Proposed sale: 73,477 shares Gross proceeds: $8,908,843.78 Proposed sale: 74,041 shares +5 more

8 metrics

Proposed sale 73,477 shares 04/24/2026 proposed sale

Gross proceeds $8,908,843.78 proposed sale on 04/24/2026

Proposed sale 74,041 shares 04/27/2026 proposed sale

Gross proceeds $8,908,924.09 proposed sale on 04/27/2026

Proposed sale 76,917 shares 04/28/2026 proposed sale

Gross proceeds $8,908,796.15 proposed sale on 04/28/2026

Proposed sale 55,000 shares 05/21/2026 proposed sale

Gross proceeds $6,689,424.50 proposed sale on 05/21/2026

Key Terms

Form 144, Restricted Stock Vesting, Compensation, Issuer

4 terms

Form 144 regulatory

"filed a Form 144 proposing sales of Class A shares"

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

"06/18/2026 | 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.

Compensation financial

"06/18/2026 | Compensation"

Issuer regulatory

"Restricted Stock Vesting | Issuer"

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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	30077	3861381.51	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			30077	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
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
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

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 the NXT Form 144 filing show?

The filing shows proposed Class A share sales by Daniel S. Shugar across multiple dates in April–June 2026. Each row lists a sale date, the number of shares, and a gross proceeds figure such as 73,477 shares for $8,908,843.78 on 04/24/2026.

How many shares did Daniel S. Shugar propose to sell on 04/28/2026?

The notice lists 76,917 shares proposed on 04/28/2026. The same row shows a gross proceeds figure of $8,908,796.15, as provided in the filing.

Are the listed transactions completed or proposed in the Form 144 for NXT?

These entries are listed as proposed sales on a Form 144, indicating planned dispositions tied to vesting/compensation. The filing presents dates and amounts but does not state in this excerpt whether each sale was executed.

Does the filing tie the sales to a specific reason or source?

Yes. The excerpt associates certain securities with Restricted Stock Vesting and labels the source as Issuer under Compensation, per the filing lines.

What are examples of other proposed sale amounts in the filing?

Other entries include 55,000 shares on 05/21/2026 for $6,689,424.50 and 55,000 shares on 06/01/2026 for $7,973,262.00, each shown with a date, share count, and gross proceeds.