Daniel S. Shugar reports multiple Class A sales at NXT (NASDAQ:NXT)

Rhea-AI Filing Summary

NXT reporting person Daniel S. Shugar disclosed multiple sales of Class A shares on a Form 144. The notice lists transactions from 03/04/2026 through 05/26/2026, including a 55,000-share entry shown as a security to be sold on 05/27/2026 described as an option exercise with cash settlement.

Key Figures

Securities to be sold: 55,000 shares Sale on 03/04/2026: 39,892 shares Sale on 04/24/2026: 73,477 shares +3 more

6 metrics

Securities to be sold 55,000 shares <date>05/27/2026</date> (Option Granted - 04/06/2022)

Sale on 03/04/2026 39,892 shares <date>03/04/2026</date>

Sale on 04/24/2026 73,477 shares <date>04/24/2026</date>

Sale on 05/21/2026 55,000 shares <date>05/21/2026</date>

Example proceeds (04/24/2026) $8,908,843.78 Proceeds shown next to 73,477 sale on <date>04/24/2026</date>

Broker Fidelity Brokerage Services LLC Listed with address and NASDAQ reference

Key Terms

Form 144, Class A, Option Granted, Cash settlement

4 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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 financial

"Class A | 05/27/2026 | Option Granted - 04/06/2022"

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

"Option Granted - 04/06/2022 | Issuer"

Cash settlement financial

"05/27/2026 | Cash"

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

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	7406077.64	150274472	05/27/2026	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	05/27/2026	Option Granted - 04/06/2022	Issuer			55000	05/27/2026	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

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 show?

The filing reports multiple Class A share sales by Daniel S. Shugar between 03/04/2026 and 05/26/2026. It also lists a separate 55,000-share disposition tied to an option exercise dated 05/27/2026.

How many shares are listed as "Securities To Be Sold" in the NXT excerpt?

The excerpt lists 55,000 Class A shares under "Securities To Be Sold." The entry is dated 05/27/2026 and notes an Option Granted - 04/06/2022 with cash settlement.

Which sale dates and share counts appear in the NXT filing excerpt?

Reported sale dates and counts include 03/04/2026 - 39,892, 03/09/2026 - 59,456, 04/24/2026 - 73,477, 04/27/2026 - 74,041, 04/28/2026 - 76,917, 05/21/2026 - 55,000, 05/22/2026 - 20,787, and 05/26/2026 - 45,817.

Who is the broker or custodian named in the filing for these transactions?

The excerpt names Fidelity Brokerage Services LLC at 900 Salem Street, Smithfield, RI and shows an aggregate figure 150,274,472 appearing in the securities line, with 05/27/2026 and NASDAQ indicated.

Does the filing specify the cash proceeds for the listed transactions?

The excerpt includes dollar figures alongside many sales (for example, 3,930,687.68 style amounts), which appear tied to individual transactions; exact labeling in the excerpt pairs each sale with a dollar amount.