Nextpower (NXT) CEO sells 55K shares after exercising stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nextpower Inc. Chief Executive Officer Daniel S. Shugar exercised stock options and sold shares in a planned transaction. He exercised options to acquire 55,000 shares of common stock at $21.00 per share, then sold 55,000 shares in multiple open-market trades at weighted average prices between $119.52 and $125.42, pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025. A portion of the sales covered the option exercise price and related tax withholding obligations.
Following these transactions, he holds 1,023,062 shares of Nextpower common stock directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust. He also retains 343,571 stock options with a $21.00 exercise price expiring on March 15, 2027. The activity reflects a compensation-related exercise-and-sell pattern under a pre-arranged plan rather than a discretionary market trade.
Positive
- None.
Negative
- None.
Insights
CEO exercised 55K options and sold matching shares under a pre-planned 10b5-1 program.
Nextpower’s CEO, Daniel S. Shugar, exercised performance-based stock options for 55,000 shares at an exercise price of $21.00 per share. These options had vesting tied to both continued service and specific Nextpower equity valuation growth conditions, and include a cap on total realizable gains at 250% of aggregate exercise price (the Max Benefit Limit).
The same 55,000 shares were then sold in several open-market transactions at weighted average prices ranging from $119.52 to $125.42, pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025. Footnotes indicate that part of the sale proceeds funded the option exercise price and tax withholding, making this primarily a compensation and liquidity event.
After the transactions, Shugar directly owns 1,023,062 shares and indirectly holds 18,104 shares through a family trust, while retaining 343,571 additional options at $21.00 expiring in 2027. Given the pre-planned nature and his substantial remaining stake, this filing appears as routine equity compensation management rather than a strong directional signal.
Insider Trade Summary 10b5-1
55,000 shares exercised/converted
Mixed
9 txns
Insider
SHUGAR DANIEL S
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 10,221 | $120.05 | $1.23M |
| Other | Common Stock | 14,181 | $121.03 | $1.72M |
| Other | Common Stock | 18,337 | $122.03 | $2.24M |
| Other | Common Stock | 10,261 | $122.78 | $1.26M |
| Other | Common Stock | 1,200 | $123.84 | $149K |
| Other | Common Stock | 800 | $124.92 | $100K |
| Exercise | Stock Option (Right to Buy) | 55,000 | $0.00 | -- |
| Exercise | Common Stock | 55,000 | $21.00 | $1.16M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,023,062 shares (Direct, null);
Stock Option (Right to Buy) — 343,571 shares (Direct, null);
Common Stock — 18,104 shares (Indirect, By Trust)
Footnotes (1)
- Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock ("Common Stock") that vested and became exercisable as of April 1, 2026 upon the achievement of both a continuous service requirement and the achievement of certain Nextpower equity valuation growth conditions. These Performance Options contain unique restrictions which (i) provide a limited period of time following vesting to exercise such Performance Options (i.e., by no later than March 15, 2027) or otherwise such Performance Options terminate and (ii) cap the maximum "gain" value realizable by Mr. Shugar upon exercise of the total award of Performance Options at 250% of the aggregate exercise price (the "Max Benefit Limit"). 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $119.52 to $120.51, 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $120.52 to $121.50, 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $121.52 to $122.51, 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $122.52 to $123.35, 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $123.63 to $124.27, 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. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $124.64 to $125.42, 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. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.
Key Figures
Options exercised: 55,000 shares at $21.00
Shares sold: 55,000 shares
Direct holdings after: 1,023,062 shares
+4 more
7 metrics
Options exercised
55,000 shares at $21.00
Common stock acquired via option exercise on May 20, 2026
Shares sold
55,000 shares
Open-market sales at weighted average $119.52–$125.42
Direct holdings after
1,023,062 shares
Common stock directly owned following reported transactions
Indirect holdings after
18,104 shares
Shares held via Kathleen and Daniel Shugar Family Trust
Remaining options
343,571 options at $21.00
Stock options outstanding, expiring March 15, 2027
Max Benefit Limit
250% of aggregate exercise price
Cap on total gain from performance-based options
10b5-1 plan adoption
December 3, 2025
Date CEO adopted pre-arranged trading plan
Key Terms
Performance Options, Max Benefit Limit, Rule 10b5-1 trading plan, weighted average price, +1 more
5 terms
Performance Options financial
"Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock"
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.
Max Benefit Limit financial
"cap the maximum "gain" value realizable ... at 250% of the aggregate exercise price (the "Max Benefit Limit")"
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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.
beneficially owned financial
"Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What did Nextpower (NXT) CEO Daniel Shugar do in this Form 4 filing?
Daniel Shugar exercised stock options for 55,000 Nextpower shares at $21.00 each, then sold 55,000 shares in multiple open-market trades. The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025.
Were the Nextpower (NXT) CEO’s stock sales discretionary or under a plan?
The sales were made under a Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans pre-schedule trades, indicating the timing of these sales was pre-arranged rather than a spontaneous response to short-term market developments.
What stock options does the Nextpower (NXT) CEO still hold after this Form 4?
Following the exercise, Daniel Shugar holds 343,571 stock options with an exercise price of $21.00 per share, expiring on March 15, 2027. These performance-based options have a Max Benefit Limit capping gains at 250% of the aggregate exercise price.