[Form 4] Nextracker Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 08/05/2025, Nextracker Inc. (NXT) director William D. Watkins filed a Form 4 disclosing an open-market sale of 10,000 common shares at $56.79 per share. The shares were held through the Watkins Family Trust, of which Watkins and his spouse are co-trustees and beneficiaries.

Following the transaction, the trust’s ownership declined to 7,666 NXT shares. No derivative securities were reported, and there were no acquisitions of shares. The filing lists no 10b5-1 trading plan and does not note any additional insider transactions. Watkins remains a director of the company.

Insights

Securities Analyst

TL;DR: One director trimmed 10k shares (~$568k); ownership now 7,666 shares—moderately negative but not material to float.

Insider selling can signal caution, yet the scale here is modest relative to Nextracker’s public float and daily volume. The absence of derivative activity or multiple insiders suggests this is a personal liquidity move rather than a broad insider trend. Still, the sale reduces director skin-in-the-game by roughly 57% if prior holdings were limited to the trust position noted. Investors may watch for additional Form 4s to confirm whether a pattern emerges.

Corporate Governance Expert

TL;DR: Routine Form 4; confirms director still a holder, no governance red flags.

The filing is procedurally sound—manual signature via attorney-in-fact, timely within two business days. Watkins retains an indirect stake, maintaining alignment with shareholders. No Rule 10b5-1 plan is referenced, so future sales may require additional disclosures. Overall impact on governance perception is minimal.

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).

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^*

WATKINS WILLIAM D

(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)
08/05/2025

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	08/05/2025		S		10,000	D	$56.79	7,666	I	By Trust(1)
Common Stock								14,460	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. Shares held by the Denise P. Watkins u/a/d 01-0701994 William D. Watkins Trustee of Watkins Family Trust, of which the Reporting Person and his spouse are co-trustees and co-beneficiaries.

	/s/ Philip Reuther, Attorney-in-Fact for William D. Watkins	08/05/2025
	** 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

How many Nextracker (NXT) shares did William D. Watkins sell?

He sold 10,000 common shares.

What was the sale price reported in the Form 4?

The sale price was $56.79 per share.

How many NXT shares does Watkins still own after the sale?

The Watkins Family Trust now holds 7,666 shares.

Was the transaction part of a Rule 10b5-1 plan?

The filing does not indicate a 10b5-1 trading plan.

Did the Form 4 disclose any derivative security activity?

No derivative securities were reported in this filing.