NXT Insider Sale: Howard Wenger Disposes 5,703 Shares via 10b5-1 Plan

Rhea-AI Filing Summary

Howard Wenger, identified as a director and President of Nextracker Inc. (NXT), reported a sale of 5,703 shares of Nextracker common stock on 08/19/2025 at a price of $70 per share. The filing states the sale was executed pursuant to a pre-established 10b5-1 trading plan adopted on September 13, 2024. After the reported transaction, Mr. Wenger beneficially owns 414,256 shares, held directly. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, Philip Reuther, on 08/20/2025.

Positive

• Sale executed under a 10b5-1 trading plan, indicating the transaction was pre-authorized
• Clear disclosure of remaining direct ownership (414,256 shares) after the sale
• Form 4 filed and signed by authorized representative, meeting reporting requirements

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider sale executed under a pre-existing 10b5-1 plan; transaction reduces direct holdings modestly.

The Form 4 discloses a single open-market sale of 5,703 shares at $70 per share executed on 08/19/2025 under a 10b5-1 plan adopted 09/13/2024. The reporting person remains a substantial holder with 414,256 shares beneficially owned directly. Because the sale was pursuant to a documented 10b5-1 plan, it indicates the trade was preplanned rather than opportunistic, which typically reduces concerns about insider timing. The filing is routine disclosure of insider activity and contains no additional compensatory or derivative transactions.

Corporate Governance Expert

TL;DR: Governance disclosure is complete and shows use of an approved trading plan for insider sales.

The Form 4 clearly identifies the reporting persons roles as director and President and provides the mechanics of the sale, including the 10b5-1 plan adoption date. The document was signed by an attorney-in-fact, consistent with authorization processes. No indications of unusual or undisclosed transactions are present in this filing; it represents standard, compliant insider reporting under Section 16 rules.

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^*

Wenger Howard

(Last) (First) (Middle)

C/O NEXTRACKER INC.

6200 PASEO PADRE PARKWAY

(Street)

FREMONT CA 94555

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nextracker 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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		S(1)		5,703(1)	D	$70	414,256	D

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 sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 13, 2024.

	/s/ Philip Reuther, as attorney-in-fact for Howard Wenger	08/20/2025
	** Signature of Reporting Person	Date
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.

FAQ

Who filed the Form 4 for Nextracker (NXT)?

Howard Wenger, a director and President of Nextracker, is the reporting person.

How many NXT shares were sold and at what price?

5,703 shares were sold on 08/19/2025 at $70 per share.

Was the sale part of a 10b5-1 plan?

Yes. The Form 4 states the sale was effected pursuant to a 10b5-1 trading plan adopted on September 13, 2024.

How many NXT shares does the reporting person own after the transaction?

The filing reports 414,256 shares beneficially owned following the reported sale.

When was the Form 4 signed and by whom?

The form was signed by Philip Reuther, as attorney-in-fact for Howard Wenger, on 08/20/2025.