Affiliate files sale notice for 124,497 Class A shares (NXT)

Rhea-AI Filing Summary

NXT affiliate filed a Rule 144 notice to sell 124,497 Class A shares on 05/21/2026. The filing identifies Howard Wenger as the selling party and shows the securities were issued as options granted 04/06/2022 and proposed to be sold for cash.

The filing also lists four Class A dispositions by the same party in the prior three months: 39,189 shares on 04/24/2026, 39,488 shares on 04/27/2026, 41,024 shares on 04/28/2026, and 16,090 shares on 05/20/2026, each with an accompanying cash amount.

Insights

Securities Compliance Analyst

Notice filed under Rule 144 for 124,497 Class A shares by an affiliate.

The filing documents a proposed sale of 124,497 Class A shares dated 05/21/2026, stating the securities were issued as options granted 04/06/2022 and the planned method is cash. The seller is named as Howard Wenger.

Prior dispositions in the three months are listed with exact share counts and cash proceeds; cash‑flow treatment for the proposed sale is described as cash. Subsequent regulatory filings will show actual execution details.

Corporate Actions Specialist

Several recent sales are disclosed alongside the Rule 144 notice, indicating ongoing dispositions.

The excerpt lists four sales totaling 136,791 shares across 04/24/2026–05/20/2026 with cash proceeds by date. The Rule 144 notice separately lists 124,497 shares to be sold on 05/21/2026.

Timing and final execution of the 124,497 shares are subject to ordinary Rule 144 conditions; further filings may confirm whether the sale occurred.

Key Figures

Proposed sale: 124,497 shares Issuance basis: Options granted Sale on 04/24/2026: 39,189 shares +3 more

6 metrics

Proposed sale 124,497 shares Proposed sale under Rule 144 on <date>05/21/2026</date>

Issuance basis Options granted Options granted 04/06/2022 (securities to be sold entry)

Sale on 04/24/2026 39,189 shares Disposition by Howard Wenger on <date>04/24/2026</date>

Sale on 04/27/2026 39,488 shares Disposition by Howard Wenger on <date>04/27/2026</date>

Sale on 04/28/2026 41,024 shares Disposition by Howard Wenger on <date>04/28/2026</date>

Sale on 05/20/2026 16,090 shares Disposition by Howard Wenger on <date>05/20/2026</date>

Key Terms

Rule 144, Options Granted, Form 144

3 terms

Rule 144 regulatory

"Proposed sale under Rule 144 on 05/21/2026"

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.

Options Granted financial

"Securities To Be Sold: Options Granted - 04/06/2022"

Form 144 regulatory

"Filer Information and Securities To Be Sold entries"

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.

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	124497	15497386.56	150274472	05/21/2026	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	Options Granted - 04/06/2022	Issuer			124497	05/21/2026	Cash

* 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

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 the proposed sale?

The filing discloses a proposed sale of 124,497 Class A shares under Rule 144 on 05/21/2026. It states the shares were issued as options granted 04/06/2022 and the planned sale method is for cash.

Who is listed as the selling party in the NXT notice?

Howard Wenger is named as the selling party, with an address listed. The filing pairs his name with the proposed sale of 124,497 Class A shares on 05/21/2026 under Rule 144.

Does the filing show recent sales by the same party for NXT?

Yes. The filing lists four Class A dispositions in the past three months: 39,189, 39,488, 41,024, and 16,090 shares on dates between 04/24/2026 and 05/20/2026, each with cash proceeds.

Were the securities to be sold issued as options or as direct holdings?

The filing states the securities were issued as Options Granted - 04/06/2022. The Rule 144 notice ties the proposed sale of 124,497 Class A shares to those issued options and lists the sale method as cash.

Does this Form 144 confirm the sale has occurred?

The notice reports a proposed sale under Rule 144 for 124,497 Class A shares on 05/21/2026. It does not, by itself, confirm completed execution; subsequent filings would report actual sales.