Nextpower CEO sells 59,456 shares under trading plan

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported multiple open-market sales of the company’s common stock.

Accepted by SEC EDGAR 03/09/2026 - 09:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported multiple open-market sales of the company’s common stock. On March 9, 2026, he sold a total of 59,456 shares in a series of transactions at weighted-average prices within ranges from $99.70 to $108.30 per share, as described in the price-range footnotes.

The sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. After these trades, Shugar directly holds 746,339 shares of Nextpower common stock and indirectly holds an additional 18,104 shares through the Kathleen and Daniel Shugar Family Trust.

Insider Trade Summary

Net Seller: 59,456 shares

Net Sell 9 txns

Insider SHUGAR DANIEL S

Role Chief Executive Officer

Sold 59,456 shs ($6.25M)

Share of Position Sold 7.4%

Type	Security	Shares	Price	Value
Sale	Common Stock	3,250	$100.07	$325K
Sale	Common Stock	6,748	$101.25	$683K
Sale	Common Stock	3,720	$102.17	$380K
Sale	Common Stock	4,050	$103.18	$418K
Sale	Common Stock	3,223	$104.76	$338K
Sale	Common Stock	9,766	$105.58	$1.03M
Sale	Common Stock	11,453	$106.45	$1.22M
Sale	Common Stock	15,873	$107.75	$1.71M
Sale	Common Stock	1,373	$108.22	$149K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 746,339 shares (Direct); Common Stock — 18,104 shares (Indirect, By Trust)

Holdings Before and After: Common Stock, 805,795 to 746,339 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (11)

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 $99.70 to $100.46. 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 $100.71 to $101.705. 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 $101.71 to $102.70. 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $102.83 to $103.70. 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. F6. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $104.03 to $105.02. 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. F7. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $105.04 to $106.03. 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. F8. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $106.04 to $107.03. 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. F9. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $107.09 to $108.08. 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. F10. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $108.11 to $108.30. 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. F11. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

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?

CEO Daniel S. Shugar reported selling 59,456 shares of Nextpower common stock in multiple open-market transactions. All trades occurred on March 9, 2026, with prices disclosed as weighted averages across specified ranges in the filing’s footnotes.

How many Nextpower (NXT) shares did the CEO sell and at what prices?

Daniel Shugar sold 59,456 shares of Nextpower common stock on March 9, 2026. The filing states weighted-average sale prices with transaction ranges from $99.70 up to $108.30 per share across the different sale brackets.

Is the Nextpower (NXT) CEO’s stock sale part of a 10b5-1 trading plan?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted by Daniel Shugar on December 3, 2025. Such plans allow pre-arranged trading schedules, helping insiders sell shares over time under predetermined instructions.

How many Nextpower (NXT) shares does the CEO still own after these transactions?

After the reported sales, Daniel Shugar directly owns 746,339 shares of Nextpower common stock. He also indirectly beneficially owns 18,104 shares through the Kathleen and Daniel Shugar Family Trust, according to the ownership footnote in the filing.

Were the Nextpower (NXT) CEO’s sales open-market transactions?

Yes. Each transaction is coded as an open-market sale of common stock, with the description “Sale in open market or private transaction.” The reported prices are weighted-average sale prices for multiple individual trades within stated price ranges.

How many separate sale transactions did the Nextpower (NXT) Form 4 disclose?

The Form 4 lists nine separate non-derivative sale lines for common stock on March 9, 2026. Together, these sales total 59,456 shares sold, and the filing also notes one indirect holding entry relating to shares held by a family trust.

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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).

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 CA 94555

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		S(1)		3,250	D	$100.07(2)	802,545	D
Common Stock	03/09/2026		S(1)		6,748	D	$101.25(3)	795,797	D
Common Stock	03/09/2026		S(1)		3,720	D	$102.17(4)	792,077	D
Common Stock	03/09/2026		S(1)		4,050	D	$103.18(5)	788,027	D
Common Stock	03/09/2026		S(1)		3,223	D	$104.76(6)	784,804	D
Common Stock	03/09/2026		S(1)		9,766	D	$105.58(7)	775,038	D
Common Stock	03/09/2026		S(1)		11,453	D	$106.45(8)	763,585	D
Common Stock	03/09/2026		S(1)		15,873	D	$107.75(9)	747,712	D
Common Stock	03/09/2026		S(1)		1,373	D	$108.22(10)	746,339	D
Common Stock								18,104(11)	I(11)	By Trust(11)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 $99.70 to $100.46. 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 $100.71 to $101.705. 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 $101.71 to $102.70. 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 $102.83 to $103.70. 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 $104.03 to $105.02. 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 $105.04 to $106.03. 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 $106.04 to $107.03. 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 $107.09 to $108.08. 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 $108.11 to $108.30. 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. 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	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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