Nextpower (NXT) president sells 9,051 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextpower Inc. president Howard Wenger reported two common stock transactions. He sold 9,051 shares at $121.02 per share in an open-market sale executed under a Rule 10b5-1 trading plan, solely to cover tax withholding obligations under the company’s mandated sell-to-cover policy.
He also reported a separate 10,394-share transaction classified as an “other acquisition or disposition” at $125.81 per share. Following these moves, he continues to hold roughly 0.49 million shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 9,051 shares ($1,095,352)
Net Sell
2 txns
Insider
Wenger Howard
Role
President
Sold
9,051 shs ($1.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,051 | $121.02 | $1.10M |
| Other | Common Stock | 10,394 | $125.81 | $1.31M |
Holdings After Transaction:
Common Stock — 499,531 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 18, 2025. Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of RSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person.
Key Figures
Open-market sale: 9,051 shares at $121.02/share
Other transaction: 10,394 shares at $125.81/share
Restructuring shares: 10,394 shares
+2 more
5 metrics
Open-market sale
9,051 shares at $121.02/share
Common Stock sale on May 22, 2026
Other transaction
10,394 shares at $125.81/share
Common Stock transaction coded J on May 22, 2026
Restructuring shares
10,394 shares
Shares in transaction classified as other acquisition or disposition
Net insider activity
-9,051 shares
Net buy/sell shares in transaction summary (net-sell)
Holdings after sale
499,531 shares
Total shares following the reported sale transaction
Key Terms
Rule 10b5-1 trading plan, sell-to-cover, RSUs, equity incentive plan, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
sell-to-cover financial
"shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
RSUs financial
"tax withholding obligations in connection with the vesting and conversion of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
equity incentive plan financial
"adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
other acquisition or disposition financial
"transaction_code_description":"Other acquisition or disposition""
