NXT (NXT) Rule 144: Director disclosures include multiple April–May 2026 sales

Rhea-AI Filing Summary

NXT submitted a Rule 144 notice regarding the proposed sale of Class A common stock. The notice lists 2,599 Class A shares tied to a restricted stock vesting event dated 05/21/2026 and shows several Class A dispositions by a reporting person, David Bennett, during April–May 2026.

The filing records prior sales by David Bennett of 32,666 shares on 04/24/2026, 32,908 shares on 04/27/2026, 34,185 shares on 04/28/2026, and 55,075 shares on 05/19/2026, with corresponding amounts shown in the excerpt. Shares outstanding of 150,274,472 is listed with an 05/22/2026 anchor.

Insights

Securities Counsel

Rule 144 notice reporting planned resale of restricted shares and recent insider dispositions.

The excerpt lists a restricted stock vesting of 2,599 Class A shares dated 05/21/2026 and multiple sales by David Bennett in April–May 2026. Rule 144 notices notify brokers and the market of a proposed resale by an affiliate.

Timing and methods for resale are not stated in the excerpt; subsequent brokerage or Form 4/144 filings may clarify whether shares were sold under Rule 144 mechanics or other exemptions.

Key Figures

Securities to be sold: 2,599 shares Shares outstanding: 150,274,472 shares Sale on 04/24/2026: 32,666 shares +3 more

6 metrics

Securities to be sold 2,599 shares Restricted stock vesting on 05/21/2026

Shares outstanding 150,274,472 shares as of 05/22/2026

Sale on 04/24/2026 32,666 shares David Bennett disposition; amount shown 3960644.70

Sale on 04/27/2026 32,908 shares David Bennett disposition; amount shown 3959628.77

Sale on 04/28/2026 34,185 shares David Bennett disposition; amount shown 3959426.35

Sale on 05/19/2026 55,075 shares David Bennett disposition; amount shown 7031579.46

Key Terms

Rule 144, restricted stock vesting, Securities to Be Sold

3 terms

Rule 144 regulatory

"144: Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock vesting financial

"Class A | 05/21/2026 | 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.

Securities to Be Sold regulatory

"144: Securities To Be Sold"

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Accepted by SEC EDGAR 05/22/2026 - 03:08 PM Learn about SEC filing dates

FAQ

What does NXT's Form 144 list for securities to be sold?

The Form 144 lists 2,599 Class A shares tied to a restricted stock vesting event dated 05/21/2026. The filing identifies these shares as compensation-related.

Who reported recent Class A share dispositions in the filing?

The filing shows dispositions by David Bennett, including 32,666 shares on 04/24/2026 and 55,075 shares on 05/19/2026, with dollar amounts listed alongside each sale.

Does the Form 144 state shares outstanding for NXT?

The excerpt includes a shares outstanding figure of 150,274,472 with an 05/22/2026 date. This appears as a company-level count in the filing excerpt.

Are the sale methods or timing described for the proposed resale?

The provided excerpt shows the number and nature of securities to be sold but does not specify resale methods or exact execution timing for the proposed sale.

What is the role of the listed restricted stock vesting entry?

The entry labeled restricted stock vesting on 05/21/2026 identifies the origin of the 2,599 Class A shares as compensation that vested and is being reported for resale under Rule 144.

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	2599	326992.15	150274472	05/22/2026	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	05/21/2026	Restricted Stock Vesting	Issuer			2599	05/21/2026	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
David Bennett 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/24/2026	32666	3960644.70
David Bennett 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/27/2026	32908	3959628.77
David Bennett 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/28/2026	34185	3959426.35
David Bennett 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/19/2026	55075	7031579.46

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)