Nextracker Insider's $6.4M Combined Stock Sales Signal Major Portfolio Movement

Rhea-AI Filing Summary

Form 144 Notice of Proposed Sale filed for Nextracker, indicating insider sales of securities. Howard Wenger plans to sell 11,690 Class A shares with an aggregate market value of $669,136.77 through Fidelity Brokerage Services on NASDAQ, with an approximate sale date of June 23, 2025.

The shares were acquired on June 20, 2025, through restricted stock vesting as compensation from the issuer. The total outstanding Class A shares are 146,263,962.

Recent trading activity by Wenger in the past 3 months includes:

• May 28, 2025: 67,205 shares sold for $3,720,065.57
• May 22, 2025: 11,088 shares sold for $591,788.74
• May 15, 2025: 5,703 shares sold for $342,180.00
• May 13, 2025: 6,066 shares sold for $333,630.00
• April 2, 2025: 16,768 shares sold for $722,440.90

Positive

• None.

Negative

• Insider Howard Wenger has sold a significant total of 118,520 shares over the past 3 months worth approximately $6.38M, including a large block sale of 67,205 shares worth $3.72M on May 28, 2025
• Current Form 144 filing indicates intention to sell additional 11,690 shares worth $669K, continuing the pattern of substantial insider selling

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	11690	669136.77	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			11690	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
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/02/2025	16768	722440.90
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/13/2025	6066	333630.00
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/15/2025	5703	342180.00
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/22/2025	11088	591788.74
Howard Wenger 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/28/2025	67205	3720065.57

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 the insider planning to sell according to the June 2023 Form 144?

According to the Form 144 filing, the insider plans to sell 11,690 shares of Nextracker Inc. (NXT) Class A common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $669,136.77.

What is the recent insider trading history for NXT's Howard Wenger in the past 3 months?

Howard Wenger has made several sales of NXT Class A shares in the past 3 months: 67,205 shares on May 28, 2025 ($3,720,065.57), 11,088 shares on May 22, 2025 ($591,788.74), 5,703 shares on May 15, 2025 ($342,180.00), 6,066 shares on May 13, 2025 ($333,630.00), and 16,768 shares on April 2, 2025 ($722,440.90).

How did the insider acquire the NXT shares being sold in this Form 144?

The 11,690 Class A shares were acquired through Restricted Stock Vesting on June 20, 2025 as part of compensation from the issuer (Nextracker Inc.).

What is the total number of NXT shares outstanding according to the Form 144?

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

When is the approximate date of sale for the NXT shares listed in this Form 144?

The Form 144 indicates that the approximate date of sale for the 11,690 shares is June 23, 2025, to be executed on the NASDAQ exchange.