Nextpower (NXT) CFO sells 4,500 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextpower Inc. Chief Financial Officer Charles D. Boynton reported an open-market sale of 4,500 shares of common stock at a price of $151.79 per share. After this transaction, he directly holds 358,500 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2025, indicating it was scheduled in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,500 shares ($683,055)
Net Sell
1 txn
Insider
BOYNTON CHARLES D
Role
Chief Financial Officer
Sold
4,500 shs ($683K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,500 | $151.79 | $683K |
Holdings After Transaction:
Common Stock — 358,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,500 shares
Sale price per share: $151.79 per share
Shares held after transaction: 358,500 shares
+1 more
4 metrics
Shares sold
4,500 shares
Open-market sale of common stock
Sale price per share
$151.79 per share
Transaction price for the reported sale
Shares held after transaction
358,500 shares
Direct holdings following the sale
Trading plan adoption date
June 13, 2025
Date CFO adopted Rule 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was 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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Nextpower (NXT) report for its CFO?
Nextpower reported that CFO Charles D. Boynton sold 4,500 shares of common stock in an open-market transaction at $151.79 per share. This sale was disclosed on Form 4 and reflects a routine insider trading report for regulatory transparency.
Was the Nextpower (NXT) CFO’s stock sale made under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2025. Such plans allow insiders to pre-schedule trades, reducing the importance of short-term timing signals.
What type of transaction did the Nextpower (NXT) CFO report on Form 4?
The filing reports an open-market sale of common stock, coded as an “S” transaction. This code indicates a sale in the market or a private transaction, distinguishing it from option exercises, gifts, or tax-withholding related share movements.
Does the Form 4 show any derivative securities for Nextpower (NXT) CFO?
The provided Form 4 data shows no derivative transactions or remaining derivative positions for the CFO. The derivative summary is empty, indicating only common stock was reported in this particular filing, without options or other derivative exercises.