Nextracker Insider Files Form 144 for Additional Share Sale

Rhea-AI Filing Summary

Nextracker Inc. (NXT) filed a Form 144 indicating that insider Bruce Ledesma intends to sell 6,980 Class A shares on or about 08 Aug 2025 through Fidelity Brokerage Services. The proposed block is valued at $392,555 based on the market price disclosed in the filing and represents less than 0.005 % of the company’s 147.96 million shares outstanding.

The notice also discloses substantial recent activity: over the past three months Ledesma disposed of 196,891 shares across six transactions, generating $11.06 million in gross proceeds. Including the new planned sale, total insider sales reach roughly 203,871 shares, or about 0.14 % of shares outstanding. The shares being sold were acquired via restricted-stock vesting on 21 Jun 2025 and are being liquidated for compensation purposes.

While the stake sold is small in percentage terms, continued selling by a key insider may raise questions about near-term confidence in the stock.

Positive

• None.

Negative

• Ongoing insider selling: Bruce Ledesma has divested ~196,891 shares ($11.1 m) in the last 3 months and now plans to sell another 6,980 shares, a signal that can weigh on investor sentiment.

Insights

Securities Analyst

TL;DR Continued insider sales total 203k shares; modest size but potentially negative sentiment.

The filing shows Bruce Ledesma’s plan to liquidate a further 6,980 shares after disposing of nearly 197k shares in the prior quarter. Although the cumulative sale equals only ~0.14 % of outstanding shares, the pattern of repeated sales could be interpreted by the market as waning insider conviction. No operational or financial data accompany the filing, so the event’s materiality rests solely on signaling. Given the limited percentage, I view the quantitative impact on float as minimal, but the qualitative optics are mildly bearish.

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	6980	392555.20	147963974	08/08/2025	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	06/21/2025	Restricted Stock Vesting	Issuer			6980	06/21/2025	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	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
Bruce Ledesma 6200 Paseo Padre Parkway Fremont CA 94555	Class A	06/23/2025	8264	473032.19

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

How many NXT shares does the insider intend to sell under this Form 144?

The filing covers 6,980 Class A shares.

What is the market value of the proposed Nextracker share sale?

Approximately $392,555 based on the filing.

How many shares has Bruce Ledesma sold in the past three months?

He sold 196,891 shares for roughly $11.06 million in gross proceeds.

When is the expected sale date for the 6,980 shares?

On or about 08 Aug 2025.

What percentage of Nextracker’s outstanding shares do the recent and planned sales represent?

Combined, about 0.14 % of the 147,963,974 shares outstanding.

Which broker will execute the sale?

The shares will be sold through Fidelity Brokerage Services LLC, Smithfield, RI.