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Nextpower (NXT) CEO updates direct and trust share holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported updated holdings of the company’s Common Stock. The filing includes an “other transaction” coded J involving 21,402 shares at $144.73 per share, after which his direct ownership stands at 911,679 shares.

The filing also reports 18,104 shares held indirectly through the Kathleen and Daniel Shugar Family Trust, reflecting his beneficial interest via that trust. A footnote states that sales reported in this Form 4 were carried out under a pre-arranged Rule 10b5-1 trading plan, and that part of those sales covered the exercise price and tax withholding tied to Performance Option exercises.

Positive

  • None.

Negative

  • None.
Insider SHUGAR DANIEL S
Role Chief Executive Officer
Type Security Shares Price Value
Other Common Stock 21,402 $144.73 $3.10M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 911,679 shares (Direct, null); Common Stock — 18,104 shares (Indirect, By Trust)
Footnotes (1)
  1. 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. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.
J-code transaction size 21,402 shares Other transaction in Common Stock on June 5, 2026
Transaction price $144.73 per share Price for 21,402-share J-code transaction
Direct holdings after transaction 911,679 shares Common Stock directly owned following J-code transaction
Indirect trust holdings 18,104 shares Common Stock indirectly owned through family trust
Restructuring shares 21,402 shares Shares categorized as restructuring in transaction summary
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were 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.
Performance Options financial
"in connection with the exercise of the Performance Options"
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.
indirectly beneficially owned financial
"Reflects shares indirectly beneficially owned by the Reporting Person"
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026J(1)21,402(1)D$144.73911,679D
Common Stock18,104(2)I(2)By Trust(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. 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 Shugar06/08/2026
** Signature of Reporting PersonDate
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 an update to his Nextpower Common Stock holdings. An “other transaction” coded J involved 21,402 shares at $144.73, leaving him with 911,679 shares held directly plus additional shares held indirectly through a family trust.

How many Nextpower (NXT) shares does the CEO hold after the reported transaction?

After the reported transaction, Daniel Shugar directly holds 911,679 shares of Nextpower Common Stock. The filing also shows 18,104 shares indirectly beneficially owned through the Kathleen and Daniel Shugar Family Trust, reflecting both direct and trust-based interests.

What is the significance of the 21,402-share J-code transaction for NXT?

The Form 4 lists an “other transaction” coded J for 21,402 Nextpower shares at $144.73 each. Code J generally reflects an internal or structural change, not a standard open-market buy or sell, and is categorized here as an “other transaction” rather than a purchase or sale.

How are indirect holdings reported for Nextpower (NXT) in this filing?

The filing reports 18,104 Nextpower shares as indirectly beneficially owned through the Kathleen and Daniel Shugar Family Trust. This indicates Daniel Shugar has a beneficial interest in those shares via the trust, separate from the 911,679 shares he holds directly.

Was the Nextpower (NXT) CEO’s activity under a Rule 10b5-1 plan?

A footnote states that sales reported in the Form 4 were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. It also notes that part of those sales covered exercise price and tax withholding on exercised Performance Options.

Did the Nextpower (NXT) Form 4 mention tax withholding or option exercises?

Yes. A footnote explains that a portion of the reported sales involved shares sold to satisfy both the exercise price and tax withholding obligations arising from the exercise of Performance Options, linking some activity to compensation-related obligations.