[Form 4] Nextracker Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bruce Ledesma, Chief Legal & Compliance Officer of Nextracker Inc. (NXT), reported a sale of 6,980 shares of common stock on 08/08/2025 at $56.24 per share. Following the reported transaction the Form 4 shows 195,789.5 shares beneficially owned.

The filing states the sales were effected pursuant to a 10b5-1 trading plan adopted on September 10, 2024, a plan that the form notes is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). No derivative securities transactions are reported on this Form 4.

Positive

• Sale executed under a 10b5-1 trading plan, indicating the transaction was pre-arranged and intended to meet Rule 10b5-1(c) conditions
• No derivative securities reported on this Form 4, so the filing reflects a straightforward non-derivative disposal

Negative

• Insider disposed of 6,980 shares, reducing Bruce Ledesma's beneficial holdings to 195,789.5 shares

Insights

Securities Analyst

TL;DR: Routine, pre-planned insider sale under a 10b5-1 plan; modest reduction in holdings.

The Form 4 discloses a sale of 6,980 shares at $56.24 by Chief Legal & Compliance Officer Bruce Ledesma, leaving 195,789.5 shares beneficially owned. The transaction is explicitly reported as executed under a 10b5-1 trading plan adopted on September 10, 2024, which establishes the sale as pre-arranged and intended to meet Rule 10b5-1(c) affirmative defense conditions. No derivative activity is reported, so the change reflects a non-derivative disposition only. From a market-materiality perspective the sale appears routine rather than transformative for Nextracker's capitalization.

Corporate Governance Expert

TL;DR: Disclosure shows compliance with insider trading plan; documentation aligns with governance best practices.

The filing identifies the reporting person and role (Chief Legal & Compliance Officer) and documents that the sale was carried out under a pre-established 10b5-1 plan, adopted on September 10, 2024. That explicit citation supports procedural compliance and reduces ambiguity around intent. The Form lists the specific share amount sold and remaining beneficial ownership, and the signature was submitted via an attorney-in-fact. These elements reflect thorough disclosure consistent with Section 16 reporting requirements; the disclosure contains no additional governance issues or exceptions noted in the document itself.

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^*

LEDESMA BRUCE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal & Compliance Ofc

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

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	08/08/2025		S		6,980(1)	D	$56.24	195,789.5	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 sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024.

	/s/ Philip Reuther, as attorney-in-fact for Bruce Ledesma	08/11/2025
	** 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 did Bruce Ledesma report on the Form 4 for NXT?

The Form 4 reports a sale of 6,980 shares of Nextracker common stock.

When was the NXT transaction executed?

The transaction date reported is 08/08/2025.

At what price were the NXT shares sold?

The shares were sold at $56.24 per share.

How many NXT shares does Bruce Ledesma beneficially own after the sale?

The Form shows 195,789.5 shares beneficially owned following the reported transaction.

Was the sale of NXT shares part of a trading plan?

Yes. The filing states the sales were effected pursuant to a 10b5-1 trading plan adopted on September 10, 2024.