Did the Nextpower (NXT) Form 4 include any tax or exercise-cost related stock sales?

Yes. A footnote explains that a portion of the reported Nextpower share sales was required to cover the option exercise price and associated tax withholding obligations arising from the exercise of the Performance Options, as disclosed in the Form 4.

Nextpower (NXT) CEO exercises 55K options, sells stock under 10b5-1 plan

Q: How many Nextpower (NXT) shares does Daniel Shugar hold after these transactions?

After these transactions, Daniel Shugar holds 966,679 Nextpower common shares directly. He also has indirect beneficial ownership of 18,104 additional shares through the Kathleen and Daniel Shugar Family Trust, according to the Form 4 disclosure and related footnotes.

Q: What are the key terms of the Performance Options exercised by Nextpower (NXT) CEO Daniel Shugar?

The Performance Options vested on April 1, 2026 after a continuous service requirement and specified equity valuation growth conditions. They must be exercised by March 15, 2027 and carry a 250% Max Benefit Limit on gain relative to the aggregate exercise price.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nextpower Inc. director and CEO Daniel Shugar exercised stock options and sold shares in a pre-planned transaction. He exercised Performance Options covering 55,000 shares of common stock at an exercise price of $21.00 per share after they vested based on service and Nextpower equity valuation growth conditions.

The same filing reports sales of the related common shares in multiple transactions on May 27, 2026 at weighted-average prices within ranges from $128.49 up to $137.405, all under a Rule 10b5-1 trading plan adopted on December 3, 2025. A portion of the sold shares covered the option exercise price and tax withholding obligations. Following these transactions, Shugar holds 966,679 shares directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust.

Insider Trade Summary 10b5-1

55,000 shares exercised/converted

Mixed 12 txns

Insider SHUGAR DANIEL S

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Common Stock	1,714	$129.01	$221K
Other	Common Stock	2,919	$130.11	$380K
Other	Common Stock	2,475	$131.40	$325K
Other	Common Stock	4,435	$132.36	$587K
Other	Common Stock	3,340	$133.28	$445K
Other	Common Stock	6,377	$134.51	$858K
Other	Common Stock	17,605	$135.60	$2.39M
Other	Common Stock	13,286	$136.37	$1.81M
Other	Common Stock	2,849	$137.20	$391K
Exercise	Stock Option (Right to Buy)	55,000	$0.00	--
Exercise	Common Stock	55,000	$21.00	$1.16M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 964,965 shares (Direct, null); Stock Option (Right to Buy) — 288,571 shares (Direct, null); Common Stock — 18,104 shares (Indirect, By Trust)

Footnotes (1)

Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock ("Common Stock") that vested and became exercisable as of April 1, 2026 upon the achievement of both a continuous service requirement and the achievement of certain Nextpower equity valuation growth conditions. These Performance Options contain unique restrictions which (i) provide a limited period of time following vesting to exercise such Performance Options (i.e., by no later than March 15, 2027) or otherwise such Performance Options terminate and (ii) cap the maximum "gain" value realizable by Mr. Shugar upon exercise of the total award of Performance Options at 250% of the aggregate exercise price (the "Max Benefit Limit"). The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025. A portion of this sale includes the sale of shares of Common Stock required to be sold in order to satisfy the exercise price and tax withholding obligations in connection with the exercise of the Performance Options. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $128.49 to $129.47, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $129.74 to $130.73, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $130.77 to $131.75, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $131.775 to $132.73, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $132.8275 to $133.76, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $133.93 to $134.91, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $134.94 to $135.93, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $135.95 to $136.94, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $136.96 to $137.405, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

Key Figures

Options exercised: 55,000 shares Exercise price: $21.00 per share Sale price ranges: $128.49–$137.405 per share +5 more

8 metrics

Options exercised 55,000 shares Performance Options exercised at $21.00 per share on common stock

Exercise price $21.00 per share Performance Options on Nextpower common stock

Sale price ranges $128.49–$137.405 per share Weighted-average price ranges for multiple sale transactions

Direct holdings after transactions 966,679 shares Common stock directly held by Daniel Shugar following reported trades

Indirect trust holdings 18,104 shares Common stock held via Kathleen and Daniel Shugar Family Trust

Max Benefit Limit 250% of aggregate exercise price Cap on gain realizable from total Performance Options award

Exercise window end March 15, 2027 Latest date to exercise vested Performance Options before termination

10b5-1 plan adoption date December 3, 2025 Date Shugar adopted pre-arranged Rule 10b5-1 trading plan

Key Terms

Performance Options, Nextpower equity valuation growth conditions, Max Benefit Limit, Rule 10b5-1 trading plan, +2 more

6 terms

Performance Options financial

"Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock"

Performance options are rights given to executives or employees to buy company stock only if specific business goals are met, such as revenue, profit, or stock-price targets. They matter to investors because they tie pay to outcomes — aligning management incentives with company success — and can change future share supply and earnings if the targets are achieved and the options are exercised, similar to giving someone a key that only works when certain conditions are satisfied.

Nextpower equity valuation growth conditions financial

"became exercisable ... upon the achievement of certain Nextpower equity valuation growth conditions"

Max Benefit Limit financial

"cap the maximum "gain" value realizable ... at 250% of the aggregate exercise price (the "Max Benefit Limit")"

Rule 10b5-1 trading plan regulatory

"sales reported in this Form 4 were 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.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

continuous service requirement financial

"vested and became exercisable ... upon the achievement of both a continuous service requirement and the achievement"

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 07:02 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHUGAR DANIEL S

(Last)

(First)

(Middle)

C/O NEXTPOWER INC.

6200 PASEO PADRE PARKWAY

(Street)

FREMONT

CALIFORNIA

94555

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nextpower Inc. [ NXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2026		M⁽¹⁾		55,000⁽¹⁾	A	$21	966,679	D
Common Stock	05/27/2026		J⁽²⁾		1,714⁽²⁾	D	$129.01⁽³⁾	964,965	D
Common Stock	05/27/2026		J⁽²⁾		2,919⁽²⁾	D	$130.11⁽⁴⁾	962,046	D
Common Stock	05/27/2026		J⁽²⁾		2,475⁽²⁾	D	$131.4⁽⁵⁾	959,571	D
Common Stock	05/27/2026		J⁽²⁾		4,435⁽²⁾	D	$132.36⁽⁶⁾	955,136	D
Common Stock	05/27/2026		J⁽²⁾		3,340⁽²⁾	D	$133.28⁽⁷⁾	951,796	D
Common Stock	05/27/2026		J⁽²⁾		6,377⁽²⁾	D	$134.51⁽⁸⁾	945,419	D
Common Stock	05/27/2026		J⁽²⁾		17,605⁽²⁾	D	$135.6⁽⁹⁾	927,814	D
Common Stock	05/27/2026		J⁽²⁾		13,286⁽²⁾	D	$136.37⁽¹⁰⁾	914,528	D
Common Stock	05/27/2026		J⁽²⁾		2,849⁽²⁾	D	$137.2⁽¹¹⁾	911,679	D
Common Stock								18,104⁽¹²⁾	I⁽¹²⁾	By Trust⁽¹²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)⁽¹⁾	$21	05/26/2026		M			55,000⁽¹⁾	04/01/2026⁽¹⁾	03/15/2027⁽¹⁾	Common Stock	55,000⁽¹⁾	$0.00	288,571	D

Explanation of Responses:

1. Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock ("Common Stock") that vested and became exercisable as of April 1, 2026 upon the achievement of both a continuous service requirement and the achievement of certain Nextpower equity valuation growth conditions. These Performance Options contain unique restrictions which (i) provide a limited period of time following vesting to exercise such Performance Options (i.e., by no later than March 15, 2027) or otherwise such Performance Options terminate and (ii) cap the maximum "gain" value realizable by Mr. Shugar upon exercise of the total award of Performance Options at 250% of the aggregate exercise price (the "Max Benefit Limit").

2. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025. A portion of this sale includes the sale of shares of Common Stock required to be sold in order to satisfy the exercise price and tax withholding obligations in connection with the exercise of the Performance Options.

3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $128.49 to $129.47, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

4. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $129.74 to $130.73, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

5. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $130.77 to $131.75, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

6. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $131.775 to $132.73, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

7. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $132.8275 to $133.76, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

8. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $133.93 to $134.91, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

9. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $134.94 to $135.93, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

10. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $135.95 to $136.94, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

11. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $136.96 to $137.405, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.

12. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

	/s/ Philip Reuther, as attorney-in-fact for Daniel Shugar	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Nextpower (NXT) CEO Daniel Shugar report in this Form 4?

Daniel Shugar reported exercising Performance Options for 55,000 shares of Nextpower common stock at an exercise price of $21.00 per share, followed by related common stock sales executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025.

How many Nextpower (NXT) shares does Daniel Shugar hold after these transactions?

After these transactions, Daniel Shugar holds 966,679 Nextpower common shares directly. He also has indirect beneficial ownership of 18,104 additional shares through the Kathleen and Daniel Shugar Family Trust, according to the Form 4 disclosure and related footnotes.

At what prices were the Nextpower (NXT) shares sold in the reported transactions?

The reported Nextpower common stock sales occurred in multiple trades at weighted-average prices within ranges from $128.49 to $137.405 per share. Each price range reflects numerous individual trades whose detailed breakdown is available upon request from the issuer or the reporting person.

Were Daniel Shugar’s Nextpower (NXT) stock sales made under a Rule 10b5-1 trading plan?

Yes. The Form 4 footnotes state the sales were effected under a Rule 10b5-1 trading plan adopted by Daniel Shugar on December 3, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary market-timing decisions.

What are the key terms of the Performance Options exercised by Nextpower (NXT) CEO Daniel Shugar?

The Performance Options vested on April 1, 2026 after a continuous service requirement and specified equity valuation growth conditions. They must be exercised by March 15, 2027 and carry a 250% Max Benefit Limit on gain relative to the aggregate exercise price.