Nextpower CEO exercises 55,000 options and sells shares
Nextpower Inc. Chief Executive Officer Daniel S. Shugar reported an option exercise and related share transactions in the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
Nextpower Inc. Chief Executive Officer Daniel S. Shugar reported an option exercise and related share transactions in the company’s common stock. He exercised 55,000 stock options at an exercise price of $21.00 per share, converting a performance-based option award into common shares.
According to the filing, the resulting shares were sold in multiple transactions under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, with part of the sales used to cover the option exercise price and tax obligations. After these transactions, Shugar held 911,679 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
Exercise
14 txns
Insider
SHUGAR DANIEL S
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 7,435 | $142.45 | $1.06M |
| Other | Common Stock | 10,502 | $143.13 | $1.50M |
| Other | Common Stock | 10,067 | $144.28 | $1.45M |
| Other | Common Stock | 11,598 | $145.44 | $1.69M |
| Other | Common Stock | 7,131 | $146.19 | $1.04M |
| Other | Common Stock | 3,807 | $147.33 | $561K |
| Other | Common Stock | 1,500 | $148.19 | $222K |
| Other | Common Stock | 700 | $149.36 | $105K |
| Other | Common Stock | 1,360 | $150.67 | $205K |
| Other | Common Stock | 700 | $151.47 | $106K |
| Other | Common Stock | 200 | $152.09 | $30K |
| Exercise | Stock Option (Right to Buy) | 55,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 55,000 | $21.00 | $1.16M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 233,571 contracts (Direct);
Common Stock — 911,679 shares (Direct);
Common Stock — 18,104 shares (Indirect, By Trust)
Footnotes (14)
- F1. 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").
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $141.79 to $142.78, 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.
- F4. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $142.79 to $143.78, 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.
- F5. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $143.79 to $144.78, 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.
- F6. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $144.80 to $145.76, 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.
- F7. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $145.80 to $146.75, 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.
- F8. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $146.81 to $147.70, 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.
- F9. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $147.92 to $148.66, 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.
- F10. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $148.98 to $149.80, 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.
- F11. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $149.99 to $150.90, 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.
- F12. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $151.01 to $152.00, 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.
- F13. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $152.01 to $152.165, 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.
- F14. 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
Option exercise price: $21.00/share
Direct holdings after transactions: 959,244 shares
+5 more
8 metrics
Options exercised
55,000 shares
Performance-based options exercised at $21.00 per share
Option exercise price
$21.00/share
Exercise price for 55,000 performance-based options
Direct holdings after transactions
959,244 shares
Common stock held directly by CEO after 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 from performance option award
10b5-1 plan adoption date
December 3, 2025
Plan governing scheduled sales reported in the filing
Option exercise deadline
March 15, 2027
Latest date to exercise the performance options before termination
Option vesting date
April 1, 2026
Date when performance-based options vested and became exercisable
Key Terms
performance-based options, Max Benefit Limit, Rule 10b5-1 trading plan, weighted average price, +2 more
6 terms
performance-based options financial
"Reflects an award of performance-based options ("Performance Options") to purchase shares"
Max Benefit Limit financial
"cap the maximum "gain" value realizable ... at 250% ... (the "Max Benefit Limit")"
Rule 10b5-1 trading plan regulatory
"sales reported ... were effected pursuant to a 10b5-1 trading plan adopted"
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.
beneficially owned financial
"Reflects shares indirectly beneficially owned by the Reporting Person through the ... Trust"
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.
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Nextpower (NXT) CEO Daniel Shugar report?
Daniel Shugar reported exercising 55,000 stock options at $21.00 per share and related share transactions in Nextpower common stock. The filing indicates resulting shares were sold in multiple trades under a pre-arranged Rule 10b5-1 trading plan to fund the exercise and tax obligations.
What stock options did the Nextpower (NXT) CEO exercise in this filing?
The CEO exercised 55,000 performance-based stock options to buy Nextpower common stock at an exercise price of $21.00 per share. These options vested as of April 1, 2026 after meeting service requirements and specified Nextpower equity valuation growth conditions.
What restrictions applied to the Nextpower (NXT) performance options exercised?
The performance options had a limited exercise window ending on March 15, 2027 and a “Max Benefit Limit” capping the CEO’s maximum gain at 250% of the aggregate exercise price. These terms constrained how much value could be realized from the option award.
How were sale prices for the Nextpower (NXT) CEO’s trades reported?
Sale prices were disclosed as weighted average prices across multiple trades in defined price ranges. Footnotes note that shares were sold in numerous transactions, and the CEO committed to provide detailed per-trade pricing information to the issuer, shareholders, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
