NXT (NXT) Form 144: Insider proposes sale of Class A blocks

Rhea-AI Filing Summary

NXT reported proposed sales of Class A shares via a Form 144 notice. The filing lists multiple transactions and planned dispositions tied to restricted stock vesting and broker handling. Representative entries include a 4,500-share block and subsequent sale notices showing 4,500; 34,193; and 9,870 shares on various dates in 2026.

Insights

Securities Counsel

Form 144 shows planned brokered sales of vested Class A shares.

The filing documents proposed dispositions associated with restricted stock vesting and broker activity, including a 4,500-share entry and later larger notices totaling tens of thousands of shares on specified dates in 2026.

Cash‑flow treatment and whether sales were executed are not stated; subsequent trade confirmations or Form 4/Form 5 filings would confirm completion.

Key Figures

Form type: Form 144 Planned disposition: 4,500 shares Sale notice: 34,193 shares +4 more

7 metrics

Form type Form 144 Notice of proposed sale

Planned disposition 4,500 shares Entry tied to restricted stock vesting on <date>05/21/2025</date>

Sale notice 34,193 shares Listed with date <date>05/22/2026</date>

Sale notice 9,870 shares Listed with date <date>05/26/2026</date>

Proceeds shown $452,025.00 Associated with a 3/02/2026 4,500-share entry

Proceeds shown $4,301,978.62 Associated with a 05/22/2026 34,193-share entry

Proceeds shown $1,276,936.19 Associated with a 05/26/2026 9,870-share entry

Key Terms

Form 144, Restricted Stock Vesting, Class A

3 terms

Form 144 regulatory

"Form 144 notice of proposed sale of securities"

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

"Restricted Stock Vesting; Issuer; 05/21/2025"

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 market

"Class A shares listed as the security type"

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.

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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	4500	683055.00	150274472	06/01/2026	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	05/21/2025	Restricted Stock Vesting	Issuer			4500	05/21/2025	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
Charles Boynton 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/02/2026	4500	452025.00
Charles Boynton 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2026	34193	4301978.62
Charles Boynton 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/26/2026	9870	1276936.19

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 disclose about insider sales?

It discloses proposed dispositions of Class A shares, including a 4,500-share entry and later notices for 34,193 and 9,870 shares on dates in 2026. The filing lists broker and vesting context but does not state executed sale proceeds explicitly.

Who is named as the selling party on the NXT Form 144?

The filing names Charles Boynton as the individual associated with multiple Class A share disposition notices. An institutional broker, Fidelity Brokerage Services LLC, is also listed in connection with the transactions and handling of the shares.

Are the shares related to compensation or vesting in the filing?

Yes. The filing ties at least one 4,500-share entry to "Restricted Stock Vesting" with an issuer designation and a vesting date of 05/21/2025, indicating the shares originated from compensation arrangements.

Does the Form 144 confirm the sales were completed for NXT shares?

No. Form 144 is a notice of proposed sale; it lists dates and share amounts but does not by itself confirm execution. Trade confirmations or subsequent SEC Forms 4/5 would confirm whether the proposed dispositions occurred.