NXT (NXT) Form 144: Director Sales and 55,000-Share Option Sale Planned

Rhea-AI Filing Summary

NXT filed a Form 144 notifying the sale of 55,000 Class A shares associated with options granted 04/06/2022, with an intended sale date of 05/21/2026. The filing also reports multiple Class A sales by Daniel S. Shugar during the prior three months: 39,892 shares on 03/04/2026, 59,456 shares on 03/09/2026, 73,477 shares on 04/24/2026, 74,041 shares on 04/27/2026, and 76,917 shares on 04/28/2026, with proceeds shown for each sale in the filing.

Insights

Securities Compliance Analyst

Form 144 records scheduled and recent insider sales; proceeds are disclosed per transaction.

Form 144 is a notice of proposed sale of restricted/controlled securities under Rule 144. The filing shows a planned disposition of 55,000 Class A shares tied to an option grant dated 04/06/2022, with the sale method listed as cash and date 05/21/2026.

The excerpt also itemizes recent open-market disposals by Daniel S. Shugar across five dates with per-transaction proceeds reported. The filing provides transaction-level proceeds and dates; timing, valuation impact, and post-sale holdings are not stated in the excerpt.

Key Figures

Planned sale: 55,000 shares Sale on 03/04/2026: 39,892 shares Sale on 03/09/2026: 59,456 shares +2 more

5 metrics

Planned sale 55,000 shares Options granted 04/06/2022; intended sale date 05/21/2026

Sale on 03/04/2026 39,892 shares Proceeds <b>$4,030,687.68</b> shown in filing

Sale on 03/09/2026 59,456 shares Proceeds <b>$6,253,367.39</b> shown in filing

Sale on 04/24/2026 73,477 shares Proceeds <b>$8,908,843.78</b> shown in filing

Sale on 04/28/2026 76,917 shares Proceeds <b>$8,908,796.15</b> shown in filing

Key Terms

Form 144, options granted, restricted securities, proceeds

4 terms

Form 144 regulatory

"Form 144 records proposed sales of restricted/controlled 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.

options granted financial

"Options Granted - 04/06/2022 (ties planned sale of 55,000 shares)"

restricted securities regulatory

"Securities To Be Sold / Securities Sold During The Past 3 Months"

Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.

proceeds financial

"Per-transaction dollar amounts shown next to each sale date"

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	55000	6846400.00	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			55000	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
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/04/2026	39892	4030687.68
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/09/2026	59456	6253367.39
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

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 NXT's Form 144 report?

It reports a proposed sale of 55,000 Class A shares (options granted 04/06/2022) with an intended sale date of 05/21/2026. The form also lists several recent Class A sales by Daniel S. Shugar with per-transaction proceeds.

Who is selling shares in the NXT Form 144?

The filing lists Fidelity Brokerage Services LLC for a 55,000-share sale tied to an option grant and multiple sales by Daniel S. Shugar on specific March–April 2026 dates with proceeds shown.

How many shares did Daniel S. Shugar sell recently?

The excerpt shows individual sales of 39,892, 59,456, 73,477, 74,041, and 76,917 Class A shares on the listed dates, each with the sale proceeds recorded in the filing.

Does the Form 144 state how the shares will be sold?

For the planned 55,000-share disposition the method is listed as Cash. The recent sales by Daniel S. Shugar show proceeds per transaction; the excerpt does not detail specific brokers or trading protocols.