Affiliate files Form 144: NXT (NASDAQ:NXT) multiple Class A sales listed

Rhea-AI Filing Summary

NXT affiliate filed a Form 144 reporting proposed sales of Class A shares. The notice lists an option grant dated 04/06/2022 and an indicated sale amount of 55,000 shares associated with a 06/01/2026 transaction. The filing also lists multiple Class A sales by Daniel S. Shugar totaling several recent dispositions with specific share counts and gross proceeds per trade.

Insights

Securities Compliance Analyst

Form 144 notice documents proposed and recent affiliate sales of Class A shares.

The filing lists an option granted on 04/06/2022 and a reported block of 55,000 Class A shares tied to 06/01/2026. Multiple past transactions by Daniel S. Shugar are itemized with exact share counts and gross proceeds amounts.

Cash‑flow treatment is shown as Cash for the reported sale; timing and any broker or distribution mechanics beyond listed trade dates are not described in the excerpt.

Equity Capital Markets Specialist

Document is a routine affiliate resale notice rather than an issuer capital raise.

The entries enumerate specific dispositions (for example: 39,892 shares on 03/04/2026 for $4,030,687.68, and multiple later trades). The filing lists per‑trade gross proceeds for each sale.

Subsequent filings would be required to show actual distribution methods or any registration mechanics if relevant to market liquidity.

Key Figures

Noted shares for proposed sale: 55,000 shares Option grant date: 04/06/2022 Example sale — 03/04/2026: 39,892 shares +3 more

6 metrics

Noted shares for proposed sale 55,000 shares line item associated with <date>06/01/2026</date>

Option grant date 04/06/2022 listed as 'Option Granted' tied to the reported securities

Example sale — 03/04/2026 39,892 shares sale on <date>03/04/2026</date> with gross proceeds <money>$4,030,687.68</money>

Example sale — 04/24/2026 73,477 shares sale on <date>04/24/2026</date> with gross proceeds <money>$8,908,843.78</money>

Example sale — 05/27/2026 55,000 shares sale on <date>05/27/2026</date> with gross proceeds <money>$7,406,080.00</money>

Largest single gross proceeds shown <money>$8,908,843.78</money> gross proceeds on <date>04/24/2026</date>

Key Terms

Form 144, Class A, Option Granted, Gross proceeds

4 terms

Form 144 regulatory

"Filer Information line showing the form type and sale notice"

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.

Class A market

"Multiple rows labeled 'Class A' for securities sold and to be sold"

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.

Option Granted financial

"Line: 'Option Granted - 04/06/2022' tied to the 06/01/2026 entry"

Gross proceeds financial

"Per‑trade numeric amounts listed beside share counts (e.g., $4,030,687.68)"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

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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

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	8348450.00	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	06/01/2026	Option Granted - 04/06/2022	Issuer			55000	06/01/2026	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
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/21/2026	55000	6689424.50
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2026	20787	2615308.09
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/26/2026	45817	6066965.81
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/27/2026	55000	7406080.00

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 say?

It reports proposed sales of Class A shares including a listed block of 55,000 shares tied to 06/01/2026. The notice also itemizes recent sales by Daniel S. Shugar with share counts and gross proceeds per trade.

How many shares are noted for sale in the NXT Form 144?

The excerpt shows a listed 55,000 share line associated with 06/01/2026. It also lists multiple past dispositions by Daniel S. Shugar with individual trade sizes ranging from 20,787 to 77,477 shares in the provided rows.

Who executed recent Class A sales disclosed in the filing?

The filing lists multiple Class A share sales attributed to Daniel S. Shugar, with trade dates in 03/2026, 04/2026, and 05/2026, each showing share counts and gross proceeds per trade.

Does the Form 144 show proceeds or prices for the sales?

Yes. Each listed transaction row in the excerpt shows gross proceeds values such as $4,030,687.68 for 03/04/2026. The filing provides per‑trade gross amounts alongside the share counts.