Were the Nextpower (NXT) CEO’s share sales under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans schedule trades in advance, and a portion of the sales covered the option exercise price and related tax withholding obligations.

Nextpower (NXT) CEO exercises 55,000 options and sells shares under 10b5-1 plan

Q: 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.

Q: How many Nextpower (NXT) shares does the CEO hold after this Form 4?

After the reported transactions, CEO Daniel Shugar holds 959,244 Nextpower common shares directly. He also has 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust , as disclosed, giving investors a view of his total reported equity stake.

Q: 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.

Q: 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.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

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 959,244 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 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	--
Exercise	Common Stock	55,000	$21.00	$1.16M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 959,244 shares (Direct, null); Stock Option (Right to Buy) — 233,571 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 $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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 06:34 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)
05/29/2026

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	05/29/2026		M⁽¹⁾		55,000⁽¹⁾	A	$21	966,679	D
Common Stock	06/01/2026		J⁽²⁾		7,435⁽²⁾	D	$142.45⁽³⁾	959,244	D
Common Stock	06/01/2026		J⁽²⁾		10,502⁽²⁾	D	$143.13⁽⁴⁾	948,742	D
Common Stock	06/01/2026		J⁽²⁾		10,067⁽²⁾	D	$144.28⁽⁵⁾	938,675	D
Common Stock	06/01/2026		J⁽²⁾		11,598⁽²⁾	D	$145.44⁽⁶⁾	927,077	D
Common Stock	06/01/2026		J⁽²⁾		7,131⁽²⁾	D	$146.19⁽⁷⁾	919,946	D
Common Stock	06/01/2026		J⁽²⁾		3,807⁽²⁾	D	$147.33⁽⁸⁾	916,139	D
Common Stock	06/01/2026		J⁽²⁾		1,500⁽²⁾	D	$148.19⁽⁹⁾	914,639	D
Common Stock	06/01/2026		J⁽²⁾		700⁽²⁾	D	$149.36⁽¹⁰⁾	913,939	D
Common Stock	06/01/2026		J⁽²⁾		1,360⁽²⁾	D	$150.67⁽¹¹⁾	912,579	D
Common Stock	06/01/2026		J⁽²⁾		700⁽²⁾	D	$151.47⁽¹²⁾	911,879	D
Common Stock	06/01/2026		J⁽²⁾		200⁽²⁾	D	$152.09⁽¹³⁾	911,679	D
Common Stock								18,104⁽¹⁴⁾	I⁽¹⁴⁾	By Trust⁽¹⁴⁾

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	05/29/2026		M			55,000⁽¹⁾	04/01/2026⁽¹⁾	03/15/2027⁽¹⁾	Common Stock	55,000⁽¹⁾	$0.00	233,571	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 $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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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	06/02/2026
	** 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 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.

How many Nextpower (NXT) shares does the CEO hold after this Form 4?

After the reported transactions, CEO Daniel Shugar holds 959,244 Nextpower common shares directly. He also has 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust, as disclosed, giving investors a view of his total reported equity stake.

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.