Nextpower officer exercises 122,502 stock options
Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported exercising 122,502 stock options for Common Stock on May 19, 2026.
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Form Type
4
Rhea-AI Filing Summary
Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported exercising 122,502 stock options for Common Stock on May 19, 2026. These performance-based options carried a $21.00 per-share exercise price and had vested after meeting service and equity valuation growth conditions.
On May 20, 2026, the Form 4 reports related structured transactions in an aggregate of 122,502 shares of Common Stock at weighted average prices between about $122.58 and $128.09, effected under a pre-arranged Rule 10b5-1 trading plan. A portion of these sales was required to cover the exercise price and tax withholding obligations.
Following these transactions, Mr. Ledesma directly holds 256,308 shares of Nextpower common stock. In addition, due to the plan’s Max Benefit Limit, 125,117 performance-based options were forfeited and cancelled without any consideration.
Insider Trade Summary 10b5-1
122,502 shares exercised/converted
Exercise
8 txns
Insider
LEDESMA BRUCE
Role
Chief Legal & Compliance Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,950 | $123.21 | $240K |
| Other | Common Stock | 27,521 | $124.28 | $3.42M |
| Other | Common Stock | 60,122 | $125.16 | $7.52M |
| Other | Common Stock | 23,448 | $125.97 | $2.95M |
| Other | Common Stock | 8,650 | $126.92 | $1.10M |
| Other | Common Stock | 811 | $127.86 | $104K |
| Exercise | Stock Option (Right to Buy) | 122,502 | $0.00 | $0.00 |
| Exercise | Common Stock | 122,502 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 256,308 shares (Direct)
Footnotes (9)
- F1. 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. Ledesma upon exercise of the total award of Performance Options at 250% of the aggregate exercise price (the "Max Benefit Limit").
- F2. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024. 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.
- F3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $122.58 to $123.57, 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.
- F4. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $123.59 to $124.58, 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.
- F5. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $124.59 to $125.585, 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.
- F6. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $125.59 to $126.58, 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.
- F7. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $126.60 to $127.59, 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.
- F8. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $127.63 to $128.09, 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.
- F9. As a result of the application of the Max Benefit Limit, 125,117 Performance Options were forfeited and cancelled without any consideration.
Key Figures
Options exercised: 122,502 shares
Exercise price: $21.00/share
Shares after transactions: 376,860 shares
+3 more
6 metrics
Options exercised
122,502 shares
Performance-based stock options exercised on May 19, 2026
Exercise price
$21.00/share
Per-share exercise price of performance-based options
Shares after transactions
376,860 shares
Common shares directly held after reported Form 4 activity
Restructuring transactions
122,502 shares
Aggregate shares in J-code structured transactions on May 20, 2026
Forfeited performance options
125,117 options
Performance-based options cancelled due to Max Benefit Limit
Option expiration
March 15, 2027
Expiration date for the performance-based options if unexercised
Key Terms
performance-based options, Max Benefit Limit, Rule 10b5-1 trading plan, weighted average price, +2 more
6 terms
performance-based options financial
"Reflects an award of performance-based options ("Performance Options") to purchase shares"
Max Benefit Limit financial
"cap the maximum "gain" value realizable... at 250% of the aggregate exercise price"
Rule 10b5-1 trading plan financial
"sales reported... 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.
continuous service requirement financial
"vested and became exercisable... upon the achievement of both a continuous service requirement"
equity valuation growth conditions financial
"and the achievement of certain Nextpower equity valuation growth conditions."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Nextpower (NXT) report for Bruce Ledesma?
Nextpower reported that Chief Legal & Compliance Officer Bruce Ledesma exercised 122,502 performance-based stock options and reported related share sales. The transactions were executed under a Rule 10b5-1 trading plan, with some shares sold to cover the option exercise price and tax obligations.
How many Nextpower options did Bruce Ledesma exercise, and at what price?
Bruce Ledesma exercised 122,502 performance-based stock options with a $21.00 per-share exercise price. These options had vested after meeting service and equity valuation growth conditions and were subject to a limited exercise window before expiring on March 15, 2027.
Were Bruce Ledesma’s Nextpower transactions under a Rule 10b5-1 trading plan?
Yes. The Form 4 states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 10, 2024. Such pre-arranged plans automate trading and often indicate routine portfolio management rather than discretionary, market-timed activity.
What happened to Bruce Ledesma’s remaining performance-based options in Nextpower?
Due to the plan’s Max Benefit Limit, 125,117 performance-based options were forfeited and cancelled without consideration. This cap limits the maximum gain Mr. Ledesma can realize relative to the aggregate exercise price of the performance-based award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
