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Nextpower Inc. (NXT) CEO Shugar sells 67,636 shares, retains large trust stake

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported open‑market sales of 67,636 shares of common stock on August 10, 2026, in three tranches at weighted average prices of $102.39, $103.24 and $103.91 per share, effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. He continues to indirectly hold 326,544 shares through the Kathleen and Daniel Shugar Family Trust.

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Insider SHUGAR DANIEL S
Role Chief Executive Officer
Sold 67,636 shs ($6.97M)
Type Security Shares Price Value
Sale Common Stock F1, F2 14,697 $102.39 $1.50M
Sale Common Stock F1, F3 51,779 $103.24 $5.35M
Sale Common Stock F1, F4 1,160 $103.91 $121K
holding Common Stock F5 -- -- --
Holdings After Transaction: Common Stock — 871,131 shares (Direct); Common Stock — 326,544 shares (Indirect, By Trust)
Footnotes (5)
  1. 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.
  2. F2. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $101.81 to $102.80, 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.
  3. F3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $102.81 to $103.80, 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.
  4. F4. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $103.81 to $104.06, 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. F5. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.
Total shares sold 67,636 shares Aggregate common shares sold by Daniel S. Shugar on August 10, 2026
Tranche 1 weighted average price $102.39 per share Sale of 14,697 shares of common stock
Tranche 2 weighted average price $103.24 per share Sale of 51,779 shares of common stock
Tranche 3 weighted average price $103.91 per share Sale of 1,160 shares of common stock
Indirect shares held by trust 326,544 shares Common shares held through the Kathleen and Daniel Shugar Family Trust
10b5-1 plan adoption date December 3, 2025 Date Daniel S. Shugar adopted the Rule 10b5-1 trading plan used for these sales
Rule 10b5-1 trading plan regulatory
"The sales ... 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.
indirectly beneficially owned financial
"Reflects shares indirectly beneficially owned by the Reporting Person..."
Family Trust financial
"through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007."

FAQ

What insider transaction did Nextpower Inc. (NXT) report for Daniel S. Shugar?
Nextpower Inc. reported that CEO Daniel S. Shugar sold 67,636 shares of common stock on August 10, 2026. The sales were executed in three tranches at weighted average prices between about $102 and $104 per share.

Were the August 10, 2026 NXT insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Daniel S. Shugar on December 3, 2025, indicating they were pre-arranged rather than discretionary trades.

How many Nextpower (NXT) shares did Daniel S. Shugar sell and at what prices?
Daniel S. Shugar sold a total of 67,636 shares of Nextpower common stock. The weighted average prices for the three tranches were $102.39, $103.24 and $103.91 per share, each representing multiple trades within specified price ranges.

What Nextpower (NXT) shareholdings does Daniel S. Shugar report after these sales?
The Form 4 shows that Daniel S. Shugar indirectly beneficially owns 326,544 shares of Nextpower common stock. These shares are held through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

What do the weighted average prices mean in the NXT Form 4 for Daniel S. Shugar?
Each reported price per share is a weighted average for multiple trades within a range. For example, one tranche covers trades between $101.81 and $102.80; the reporting person will provide exact breakdowns to interested parties upon request.

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

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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)
08/10/2026		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 Stock08/10/2026S(1)14,697(1)D$102.39(2)924,070D
Common Stock08/10/2026S(1)51,779(1)D$103.24(3)872,291D
Common Stock08/10/2026S(1)1,160(1)D$103.91(4)871,131D
Common Stock326,544(5)I(5)By Trust(5)
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.
2. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $101.81 to $102.80, 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.
3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $102.81 to $103.80, 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.
4. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $103.81 to $104.06, 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. 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 S. Shugar08/11/2026
** 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