Daniel Shugar files Form 144 reporting Class A sale (NXT)

Rhea-AI Filing Summary

Daniel S. Shugar reported a proposed sale of Class A common shares under Rule 144. The filing lists securities to be sold tied to restricted stock vesting: 39,893 shares vesting 04/01/2024 and 19,563 shares vesting 06/21/2024. The filing also records 39,892 Class A shares sold on 03/04/2026 for $4,030,687.68.

Insights

Insider Transactions Analyst

Rule 144 notice records recent and planned Class A share sales by a reporting person.

The filing lists two vested restricted-stock allotments of 39,893 and 19,563 Class A shares (vesting on 04/01/2024 and 06/21/2024 respectively) identified as securities to be sold. It separately records a prior sale of 39,892 Class A shares on 03/04/2026 with proceeds of $4,030,687.68.

Cash‑flow treatment and any limits on future sales are not detailed in the excerpt; subsequent SEC disclosures or trading reports would show actual sales timing and methods.

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	59456	5968193.28	148475843	03/09/2026	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	04/01/2024	Restricted Stock Vesting	Issuer			39893	04/01/2024	Compensation
Class A	06/21/2024	Restricted Stock Vesting	Issuer			19563	06/21/2024	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
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/04/2026	39892	4030687.68

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 filed by Daniel S. Shugar report?

The filing reports a proposed sale of Class A shares and recent activity. It lists 39,893 and 19,563 vested shares slated for sale and a completed sale of 39,892 shares on 03/04/2026 for $4,030,687.68.

How many Class A shares did Daniel S. Shugar sell recently according to the NXT filing?

The filing shows a sale of 39,892 Class A shares on 03/04/2026. The recorded proceeds for that sale are $4,030,687.68, as listed in the excerpt.

Which restricted stock vesting events are included in the NXT Form 144?

The Form 144 lists restricted stock vesting entries of 39,893 shares vesting on 04/01/2024 and 19,563 shares vesting on 06/21/2024, identified as securities to be sold by the issuer.

Does the NXT excerpt state how proceeds will be used from the reported sale?

No. The provided excerpt records the number of shares sold and proceeds for one transaction but does not disclose any use of proceeds or recipient details beyond the reported sale amount of $4,030,687.68.