[144] Nextracker Inc. SEC Filing

Rhea-AI Filing Summary

Nextracker officer Bruce Ledesma filed Form 144 indicating intent to sell 8,264 Class A shares worth $473,032 through Fidelity Brokerage Services. The shares were acquired on June 20, 2025, through restricted stock vesting as compensation. The planned sale on NASDAQ is scheduled for June 23, 2025. Notably, Ledesma has conducted substantial insider sales in the past 3 months, totaling 205,434 shares for approximately $11.3 million in gross proceeds across six transactions. The current sale is partially intended to cover tax obligations from vested equity awards. The company has 146,263,962 shares outstanding. The filing includes standard attestation that the seller has no knowledge of undisclosed material adverse information about Nextracker's operations.

Positive

• Nextracker's stock maintains strong market value with shares trading at approximately $57.24 per share (calculated from sale value/shares)
• Company has a substantial market presence with 146,263,962 shares outstanding on NASDAQ

Negative

• Significant insider selling by Officer Bruce Ledesma with multiple sales totaling 205,434 shares worth over $11.3M in past 3 months
• Latest proposed sale of 8,264 shares worth $473,032 follows recent large dispositions, potentially signaling reduced confidence from insider
• Heavy concentration of insider sales in May 2025 with over 188,627 shares sold in that month alone

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

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	8264	473032.19	146263962	06/23/2025	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	06/20/2025	Restricted Stock Vesting	Issuer			8264	06/20/2025	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
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/02/2025	16807	724121.19
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/16/2025	27453	1651847.01
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2025	7392	394525.82
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/23/2025	3017	168801.15
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/28/2025	67204	3720010.22
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/29/2025	83561	4655433.85

144: Remarks and Signature

Remarks

Date of Notice

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

How many NXT shares is Bruce Ledesma selling on June 23, 2025?

Bruce Ledesma is selling 8,264 Class A shares of Nextracker (NXT) with an aggregate market value of $473,032.19 through Fidelity Brokerage Services LLC.

What is the reason for Bruce Ledesma's NXT stock sale in June 2025?

The sale is to cover a tax obligation resulting from the settlement of a vested equity award distribution, as stated in the Form 144 remarks section.

How many NXT shares has Bruce Ledesma sold in the past 3 months before this filing?

Bruce Ledesma sold a total of 205,434 Class A shares between April and May 2025, with the largest sale being 83,561 shares on May 29, 2025, generating gross proceeds of $4,655,433.85.

How did Bruce Ledesma acquire the NXT shares being sold?

The shares were acquired on June 20, 2025, through Restricted Stock Vesting as part of compensation from the issuer (Nextracker Inc.).

What is the total number of NXT shares outstanding as of June 2025?

According to the Form 144 filing, Nextracker Inc. has 146,263,962 shares outstanding.