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.

Nextpower CEO records share restructuring on Form 4

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported updated holdings of the company’s Common Stock.

Filing Impact

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Form Type

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.

Insider Trade Summary 10b5-1

Other: 21,402 shares

Other 2 txns

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); Common Stock — 18,104 shares (Indirect, By Trust)

Footnotes (2)

F1. 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.
F2. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

Key Figures

J-code transaction size: 21,402 shares Transaction price: $144.73 per share Direct holdings after transaction: 911,679 shares +2 more

5 metrics

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

Key Terms

Rule 10b5-1 trading plan, Performance Options, indirectly beneficially owned, Other acquisition or disposition

4 terms

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""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/08/2026 - 06:04 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)
06/05/2026

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	06/05/2026		J⁽¹⁾		21,402⁽¹⁾	D	$144.73	911,679	D
Common Stock								18,104⁽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)
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)

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 Shugar	06/08/2026
	** 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