NXT (NXT) Form 144: Director sold shares; 10,436 Class A proposed resale

Rhea-AI Filing Summary

NXT filed a Form 144 reporting the proposed sale of 10,436 Class A shares tied to a Restricted Stock Vesting event on 06/18/2026. The filing also discloses recent open-market sales by Bruce Ledesma on multiple dates in April–May 2026, with individual sale quantities and aggregate proceeds shown for each trade.

Insights

Corporate Securities Counsel

Form 144 lists a proposed resale of vested restricted shares and recent insider disposals.

The filing records a proposed sale of 10,436 Class A shares on 06/18/2026 described as "Restricted Stock Vesting" and labels the issuer as the source. It separately lists multiple completed sales by Bruce Ledesma in April–May 2026 with per‑trade proceeds.

Cash‑flow treatment is not specified beyond per‑trade proceeds; timing and method of any proposed resale follow securities resale mechanics and Rule 144 constraints referenced implicitly by the form.

Equity Markets Specialist

Recent insider sales are documented; proposed resale is modest in size relative to typical outstanding floats.

The excerpt shows individual sale events: 04/24/2026 26,129 shares ($3,168,055.02), 04/27/2026 26,326 shares ($3,167,654.89), 04/28/2026 27,349 shares ($3,167,656.90), 05/20/2026 122,502 shares ($15,340,802.96), 05/22/2026 6,930 shares ($871,895.18), 05/26/2026 9,829 shares ($1,288,990.73).

Subsequent trading activity will depend on holder decisions and Rule 144 conditions; the filing itself lists quantities and proceeds but does not state execution methods or remaining holdings.

Key Figures

Proposed resale: 10,436 shares Sale on 04/24/2026: 26,129 shares Sale on 05/20/2026: 122,502 shares +4 more

7 metrics

Proposed resale 10,436 shares Restricted Stock Vesting on 06/18/2026

Sale on 04/24/2026 26,129 shares Proceeds $3,168,055.02

Sale on 05/20/2026 122,502 shares Proceeds $15,340,802.96

Sale on 05/26/2026 9,829 shares Proceeds $1,288,990.73

Sale on 04/27/2026 26,326 shares Proceeds $3,167,654.89

Sale on 04/28/2026 27,349 shares Proceeds $3,167,656.90

Sale on 05/22/2026 6,930 shares Proceeds $871,895.18

Key Terms

Restricted Stock Vesting, Form 144, Issuer

3 terms

Restricted Stock Vesting financial

"Class A | 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.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

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

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	10436	1339807.08	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			10436	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
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
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/20/2026	122502	15340802.96
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2026	6930	871895.18
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/26/2026	9829	1288990.73

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 disclose about the June 18, 2026 sale?

It reports a proposed sale of 10,436 Class A shares on 06/18/2026 described as Restricted Stock Vesting. The filing lists the issuer as the source and marks the transaction as compensation‑related.

Who reported the prior sales shown in the filing for NXT?

The filing lists prior sales by Bruce Ledesma with individual trade dates in April–May 2026. Each row shows the date, number of Class A shares sold, and the per‑trade proceeds in dollars.

How many shares did Bruce Ledesma sell on May 20, 2026?

The excerpt shows Bruce Ledesma sold 122,502 Class A shares on 05/20/2026 for $15,340,802.96, as recorded in the filing's sale table.

Does the Form 144 state how the proposed 10,436 shares will be sold?

The filing identifies the shares as tied to Restricted Stock Vesting and lists the issuer as source. It does not specify sale mechanics or the broker/dealer method for the proposed resale in the provided excerpt.

Are proceeds reported for each past sale in the excerpt?

Yes. Each disclosed sale by Bruce Ledesma in April–May 2026 includes a dollar amount of proceeds adjacent to the share count and date in the table.