Nextpower CFO sells 4,500 shares for $360K
Nextpower Inc.’s Chief Financial Officer executed a pre-planned sale of company shares under a Rule 10b5-1 trading plan, while retaining a substantial direct holding.
Rhea-AI Filing Summary
Nextpower Inc. (NXT) reported that its Chief Financial Officer, Charles D. Boynton, sold 4,500 shares of common stock on September 1, 2026, at $79.98 per share in an open-market transaction. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2025, and left him holding 354,000 shares directly.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 4,500 shares
Net Sell
1 txn
Insider
BOYNTON CHARLES D
Role
Chief Financial Officer
Sold
4,500 shs ($360K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,500 | $79.98 | $360K |
Holdings After Transaction:
Common Stock — 354,000 shares (Direct)
Footnotes (1)
- F1. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025.
Key Figures
Shares sold: 4,500 shares
Sale price per share: $79.98 per share
Approximate sale value: $359,910
+3 more
6 metrics
Shares sold
4,500 shares
Common stock sold by the Chief Financial Officer on September 1, 2026
Sale price per share
$79.98 per share
Price for the 4,500 common shares sold on September 1, 2026
Approximate sale value
$359,910
4,500 shares sold at $79.98 per share
Shares held after transaction
354,000 shares
Direct common stock holdings of the Chief Financial Officer after the sale
Transaction date
September 1, 2026
Date of reported common stock sale
10b5-1 plan adoption date
June 13, 2025
Date the Rule 10b5-1 trading plan governing the sale was adopted
Key Terms
Rule 10b5-1 trading plan, beneficially owned, non-derivative
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan"
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.
beneficially owned regulatory
"total shares following transaction column reflects shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
non-derivative financial
"transaction involved a non-derivative security, the issuer’s common stock"
FAQ
Who from Nextpower Inc. (NXT) reported a transaction in this Form 4?
The filing reports a transaction by Charles D. Boynton, who serves as Chief Financial Officer of Nextpower Inc. He is identified as an officer and not as a director or ten percent owner in the ownership boxes.
What type of transaction did the NXT Chief Financial Officer report?
The Chief Financial Officer reported a sale of common stock, coded as a sale in open market or private transaction. It involved a non-derivative security (common stock) and reduced his direct holdings while keeping a significant remaining position.
What are the Chief Financial Officer’s holdings in NXT after the reported sale?
Following the reported sale, the Chief Financial Officer directly holds 354,000 shares of Nextpower Inc. common stock. This post-transaction holding is listed in the column for shares beneficially owned following the reported transaction.
What was the approximate dollar value of the NXT CFO’s reported stock sale?
The sale of 4,500 shares at $79.98 per share represents an approximate transaction value of $359,910. This is based on multiplying the reported number of shares sold by the reported per-share sale price.
AI-generated analysis. How Rhea-AI works. Not financial advice.