Nextracker Executive Files $334K Stock Sale Notice|NXT Officer Miller Reports Planned Share Disposal|Nextracker Form 144: Insider Trading Update

Rhea-AI Filing Summary

Form 144 filing reveals Nextracker officer Nicholas Miller plans to sell 5,845 Class A shares worth $334,568 through Fidelity Brokerage Services on NASDAQ. The shares were acquired through restricted stock vesting on June 20, 2025. Miller has been actively selling shares in recent months, with four previous transactions totaling 119,220 shares for approximately $6.8M between April-June 2025. The current sale is reportedly to cover tax obligations from vested equity awards. The company has 146,263,962 shares outstanding. The filing indicates Miller has no knowledge of undisclosed material adverse information regarding Nextracker's operations.

Positive

• Nextracker Inc. maintains strong market presence with 146.2M shares outstanding on NASDAQ
• Executive compensation includes equity-based awards, indicating alignment with shareholder interests through restricted stock vesting

Negative

• Significant insider selling by Officer Nicholas Miller, totaling 119,220 shares worth approximately $6.8M in the past 3 months
• Latest proposed sale of 5,845 shares valued at $334,568 by Officer Miller, continuing the selling trend
• Multiple large dispositions in quick succession (four sales between April-June 2025) may signal reduced insider confidence

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	5845	334568.38	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			5845	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
Nicholas Miller 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/02/2025	6479	279144.48
Nicholas Miller 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2025	6929	369814.59
Nicholas Miller 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/28/2025	36038	1994847.45
Nicholas Miller 6200 Paseo Padre Parkway Fremont CA 94555	Class A	06/12/2025	69774	4162059.09

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 Nicholas Miller selling on June 23, 2025?

Nicholas Miller is selling 5,845 Class A shares of Nextracker (NXT) with an aggregate market value of $334,568.38 through Fidelity Brokerage Services LLC.

What is the reason for Nicholas Miller'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 Nicholas Miller sold in the past 3 months before this Form 144?

Miller sold a total of 119,220 Class A shares in the past 3 months: 6,479 shares on 4/2/25, 6,929 shares on 5/22/25, 36,038 shares on 5/28/25, and 69,774 shares on 6/12/25.

How did Nicholas Miller acquire the NXT shares being sold?

Miller acquired the 5,845 shares through Restricted Stock Vesting from the issuer (Nextracker) on June 20, 2025, as part of compensation.

What is Nicholas Miller's position at Nextracker (NXT)?

According to the Form 144 filing, Nicholas Miller's relationship to the issuer is listed as Officer of Nextracker Inc.