[Form 4] Nextracker Inc. Insider Trading Activity

Rhea-AI Filing Summary

Julia Blunden, a director of Nextracker Inc. (NXT), was granted 3,692 restricted stock units (RSUs) related to the issuer's common stock. After this award, the reporting person beneficially owns 9,704 shares. The RSUs have a $0 purchase price and represent contingent rights to receive one share of common stock per RSU. The RSUs vest 100% as of the last business day before the company’s next scheduled annual meeting of stockholders, subject to the reporting person’s continued service and certain acceleration provisions. The Form 4 was submitted by an attorney-in-fact on behalf of the reporting person.

Positive

• Director alignment with shareholders via equity award that vests into common stock
• Clear vesting schedule tying settlement to the next annual meeting which supports retention

Negative

• No grant value disclosed, preventing assessment of financial impact or materiality
• Potential dilution upon settlement since RSUs convert to common shares

Insights

Corporate Governance Expert

TL;DR: Director received time‑based RSUs that increase alignment with shareholders and vest at next annual meeting.

The award of 3,692 RSUs to a director is a routine equity-based compensation action that ties long-term pay to company performance by converting to common shares upon vesting. The vesting schedule — 100% at the last business day before the next annual meeting — suggests a short-term cliff aligned to governance milestones and retention through the upcoming meeting cycle. Because the RSUs carry a $0 purchase price, their value is entirely equity-based and dilutive only upon settlement. The disclosure shows standard reliance on continued service and customary acceleration clauses. There is no information here about grant value, board approval details, or how this award compares to prior equity grants.

Compensation Analyst

TL;DR: Modest director grant increases insider ownership but lacks value details for materiality assessment.

The reported increase to 9,704 beneficially owned shares provides additional insider alignment but is small in absolute size relative to typical public-company floats; materiality cannot be assessed from this filing because grant fair value and company share count are not disclosed. The use of RSUs with a single vesting date simplifies administration and encourages the reporting person’s continued service through the next annual meeting. No derivative securities or option exercises are reported, and the transaction code indicates acquisition rather than sale.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Blunden Julia

(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
	Officer (give title below)		Other (specify below)

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		A		3,692(1)	A	$0(1)	9,704	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. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 100% as of the last business day preceding the date of the Issuer's next scheduled annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

	/s/ Philip Reuther, Attorney-in-Fact for Julia Blunden	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

What transaction did Julia Blunden report in the Form 4 for NXT?

The Form 4 reports the acquisition of 3,692 restricted stock units (RSUs) representing contingent rights to one share each.

How many Nextracker (NXT) shares does Julia Blunden beneficially own after the grant?

The filing shows 9,704 shares beneficially owned following the reported transaction.

When do the RSUs held by Julia Blunden vest?

The RSUs vest 100% as of the last business day before the company’s next scheduled annual meeting of stockholders, subject to continued service and certain acceleration events.

Was any cash paid for the RSUs reported in the Form 4?

No. The RSUs are reported with a $0 price, indicating no cash purchase price for the award.

Are there any derivative securities reported for the reporting person?

No derivative securities (options, warrants, puts or calls) are reported in this Form 4; only RSUs are disclosed.