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NXT Form 4: CEO Daniel Shugar sells shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Nextpower Inc. (NXT) Chief Executive Officer and director Daniel Shugar reported open‑market sales of company stock. On November 17, 2025, he sold 40,660 shares of common stock at a weighted average price of $91.103 per share and 7,083 shares at a weighted average price of $92.277 per share, under a pre‑arranged Rule 10b5‑1 trading plan adopted on August 19, 2025.

After these transactions, Shugar beneficially owns 624,882 shares directly and 238,909 shares indirectly through the Kathleen and Daniel Shugar Family Trust. The filing indicates the sales were executed in multiple trades within stated price ranges, and detailed trade breakdowns are available upon request to the company or the SEC.

Positive

  • None.

Negative

  • None.

Insights

CEO and director executes planned stock sale under Rule 10b5-1, retains substantial direct and trust holdings.

This Form 4 reports that the **CEO and director of Nextpower Inc.** sold common stock on 11/17/2025 under a pre-arranged **Rule 10b5-1 trading plan**. Two sale batches occurred: **40,660 shares** at a weighted average price of about $91.103 and **7,083 shares** at a weighted average price of about $92.277. After these sales, the reporting person still directly holds **624,882 shares** and indirectly holds **238,909 shares** through the **Kathleen and Daniel Shugar Family Trust**.

The filing specifies that the 10b5-1 plan was adopted on August 19, 2025, which frames these as pre-scheduled transactions rather than ad hoc discretionary sales. Prices for the first block ranged from $90.810 to $91.800, and for the second from $91.810 to $92.725, reported as weighted averages. The continued large direct and trust holdings indicate that the reporting person maintains a significant ongoing economic interest in the issuer’s equity.

Key items to monitor from this disclosure are the **existence and use of the 10b5-1 plan** and any future Form 4 filings that show additional plan-related sales. The trading plan adoption date of August 19, 2025 and the transaction date of November 17, 2025 provide a clear timeline for understanding these trades as part of a structured selling program. Observers can track whether similar volumes, pricing ranges, or changes in direct and trust holdings appear in subsequent reports over the coming quarters.

Insider SHUGAR DANIEL S
Role Chief Executive Officer
Sold 47,743 shs ($4.36M)
Type Security Shares Price Value
Sale Common Stock 40,660 $91.103 $3.70M
Sale Common Stock 7,083 $92.277 $654K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 631,965 shares (Direct); Common Stock — 238,909 shares (Indirect, By Trust)
Footnotes (1)
  1. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 19, 2025. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $90.810 to $91.800. 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 $91.810 to $92.725. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the 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
Form 4 Insider Transactions: What Each Field Means →
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*
SHUGAR DANIEL S
(Last) (First) (Middle)
C/O NEXTPOWER INC.
6200 PASEO PADRE PARKWAY
(Street)
FREMONT CA 94555
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Nextpower 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)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025
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 11/17/2025 S(1) 40,660 D $91.103(2) 631,965 D
Common Stock 11/17/2025 S(1) 7,083 D $92.277(3) 624,882 D
Common Stock 238,909(4) I(4) By Trust(4)
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 sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 19, 2025.
2. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $90.810 to $91.800. 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.
3. The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $91.810 to $92.725. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such ranges.
4. Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007
/s/ Philip Reuther, as attorney-in-fact for Daniel Shugar 11/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Nextpower Inc. (NXT) report in this Form 4?

The filing reports that CEO and director Daniel Shugar sold shares of Nextpower Inc. common stock in open‑market transactions on November 17, 2025 under a Rule 10b5‑1 trading plan.

How many Nextpower Inc. (NXT) shares did Daniel Shugar sell and at what prices?

Daniel Shugar sold 40,660 shares at a weighted average price of $91.103 per share and 7,083 shares at a weighted average price of $92.277 per share, executed in multiple trades within stated price ranges.

What trading plan governed Daniel Shugar’s sales of NXT stock?

The sales were effected pursuant to a Rule 10b5‑1 trading plan that Daniel Shugar adopted on August 19, 2025, which pre‑sets trading instructions for his NXT shares.

How many Nextpower Inc. (NXT) shares does Daniel Shugar own after these transactions?

Following the reported sales, Daniel Shugar beneficially owns 624,882 shares of NXT common stock directly and 238,909 shares indirectly through the Kathleen and Daniel Shugar Family Trust.

What is the relationship of the reporting person to Nextpower Inc. (NXT)?

The reporting person, Daniel Shugar, is both a director and an officer of Nextpower Inc., serving as the company’s Chief Executive Officer.

Can investors see the detailed trade prices for Daniel Shugar’s NXT stock sales?

Yes. The filing states that the prices are reported as weighted averages and that full information on the number of shares sold at each individual price within the disclosed ranges will be provided upon request to the issuer, any security holder, or the SEC staff.