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Nextpower Inc. Form 4 Filings

NXT NASDAQ

Every Form 4 that Nextpower Inc. (NXT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow NXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NXT filings page.

Rhea-AI Summary

Nextpower Inc. (NXT) reported that its Chief Financial Officer, Charles D. Boynton, sold 4,500 shares of common stock on September 1, 2026, at $79.98 per share in an open-market transaction. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2025, and left him holding 354,000 shares directly.

Rhea-AI Summary

Nextpower Inc. (NXT) reported that director Julia Blunden sold a total of 7,415 shares of Common Stock in two open-market or private transactions. On August 21, 2026, she sold 3,723 shares at a weighted average price of $88.0800 per share, in multiple trades with prices ranging from $88.08 to $88.10. On August 24, 2026, she sold 3,692 shares at a weighted average price of $84.1010 per share, in multiple trades with prices ranging from $84.101 to $84.11. Post-transaction share holdings are not stated in this filing.

Rhea-AI Summary

Nextpower Inc. (NXT) director Thomas Brandi Elizabeth reported selling 7,415 shares of common stock on 2026-08-19 in an open market or private transaction at a weighted average price of $91.25 per share. According to the filing, these shares were sold in multiple trades between $91.23 and $91.26 per share. Following the sale, the reporting person directly owned 7,914 shares of Nextpower Inc. common stock.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. (symbol: NXT) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Summary

Nextpower Inc. director and president Howard Wenger reported a sale of common stock. On 2026-08-11, he sold 11,176 shares of Nextpower common stock at a price of $104.78 per share in a transaction classified as a sale in the open market or a private transaction. Following this transaction, Wenger directly holds 419,868 shares of Nextpower common stock. The filing notes that this sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Wenger on August 18, 2025.

Rhea-AI Summary

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported open‑market sales of 67,636 shares of common stock on August 10, 2026, in three tranches at weighted average prices of $102.39, $103.24 and $103.91 per share, effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. He continues to indirectly hold 326,544 shares through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. director Julia Blunden reported selling 2,289 shares of Common Stock on 2026-08-05 at $97.22 per share in a transaction classified as a “Sale in open market or private transaction.” After this sale, she directly owns 7,415 shares of Nextpower Common Stock.

Rhea-AI Summary

Wiedmann Lindsey Roon reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. reported an equity award to Chief Legal & Compliance Officer Wiedmann Lindsey Roon. The officer received 13,898 restricted stock units on July 20, 2026, each representing one share of common stock. The RSUs vest 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, subject to continued service and possible acceleration in certain circumstances.

Rhea-AI Summary

Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported equity compensation activity involving restricted stock units. On June 18, 2026, 20,326 RSUs vested and converted into the same number of common shares on a one-for-one basis. As part of this vesting, 10,436 shares were sold in a mandatory sell-to-cover transaction to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, meaning these were not discretionary trades. Following these transactions and subsequent adjustments, Ledesma held 249,439 shares of Nextpower common stock directly.

Rhea-AI Summary

Nextpower Inc. CEO Daniel S. Shugar reported compensation-related equity activity. On June 18, 2026, previously granted restricted stock units vested and converted into 57,165 shares of common stock on a one-for-one basis. In connection with this vesting, 30,077 shares were sold in a mandatory “sell-to-cover” transaction to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, meaning these were not discretionary trades by the CEO. After these transactions and a related restructuring entry, Shugar directly holds 938,767 common shares and indirectly holds 326,544 shares through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Accounting Officer Bennett David P reported routine equity compensation activity involving restricted stock units and related tax sales. On June 18, 2026, 25,407 RSUs granted on June 21, 2023 vested and converted into the same number of common shares on a one-for-one basis.

In connection with this vesting, 13,368 common shares were sold in a mandated sell-to-cover transaction at $128.38 per share to satisfy tax withholding obligations under the company’s Rule 10b5-1 sell-to-cover policy, and are not discretionary trades. After these transactions and a related non-discretionary adjustment, Bennett directly owns 161,201 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. President and director Howard Wenger reported compensation-related equity activity involving restricted stock units (RSUs). On June 18, 2026, 30,488 RSUs vested and were converted into 30,488 shares of common stock on a one-for-one basis at an exercise price of $0.00 per share.

According to the disclosure, a portion of the resulting shares was required to be sold in a mandated “sell-to-cover” transaction to satisfy tax withholding obligations under the company’s policy adopted pursuant to Rule 10b5-1, meaning these sales were not discretionary trades. After subsequent restructuring activity totaling 16,041 shares on June 22, 2026, Wenger directly held 431,044 shares of Nextpower common stock.

Rhea-AI Summary

Vinje Robert reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. reported that Chief Operating Officer Robert Vinje received a grant of 15,262 restricted stock units (RSUs) on June 15, 2026. Each RSU represents a right to receive one share of common stock at no purchase price.

The RSUs vest 30% on May 18, 2027, 30% on May 18, 2028, and 40% on May 18, 2029, if he continues serving the company, with potential acceleration in certain situations. Following this award, his reported direct holdings from this grant total 15,262 shares.

Rhea-AI Summary

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported updated holdings of the company’s Common Stock. The filing includes an “other transaction” coded J involving 21,402 shares at $144.73 per share, after which his direct ownership stands at 911,679 shares.

The filing also reports 18,104 shares held indirectly through the Kathleen and Daniel Shugar Family Trust, reflecting his beneficial interest via that trust. A footnote states that sales reported in this Form 4 were carried out under a pre-arranged Rule 10b5-1 trading plan, and that part of those sales covered the exercise price and tax withholding tied to Performance Option exercises.

Rhea-AI Summary

Nextpower Inc.’s Chief Executive Officer Daniel S. Shugar exercised performance-based stock options and acquired 21,402 shares of common stock at $21.00 per share. These options had vested on April 1, 2026 after meeting service and equity valuation growth conditions and were subject to a limited exercise window ending March 15, 2027.

The exercise was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. Following the transaction, Shugar directly holds 933,081 shares of common stock and indirectly holds 18,104 shares through the Kathleen and Daniel Shugar Family Trust. Due to a 250% “Max Benefit Limit” on this performance award, 212,169 performance options were forfeited and cancelled without any consideration.

Rhea-AI Summary

Nextpower Inc. Chief Financial Officer Charles D. Boynton reported an open-market sale of 4,500 shares of common stock at a price of $151.79 per share. After this transaction, he directly holds 358,500 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2025, indicating it was scheduled in advance.

Rhea-AI Summary

Nextpower Inc. Chief Executive Officer Daniel S. Shugar reported an option exercise and related share transactions in the company’s common stock. He exercised 55,000 stock options at an exercise price of $21.00 per share, converting a performance-based option award into common shares.

According to the filing, the resulting shares were sold in multiple transactions under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, with part of the sales used to cover the option exercise price and tax obligations. After these transactions, Shugar held 911,679 shares directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Operating Officer Nicholas Marco Miller sold 22,427 shares of Common Stock in an open-market transaction on May 29, 2026 at $156.00 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025. Following this transaction, he directly holds 186,194 shares of Nextpower Inc. common stock.

Rhea-AI Summary

Nextpower Inc. director and CEO Daniel Shugar exercised stock options and sold shares in a pre-planned transaction. He exercised Performance Options covering 55,000 shares of common stock at an exercise price of $21.00 per share after they vested based on service and Nextpower equity valuation growth conditions.

The same filing reports sales of the related common shares in multiple transactions on May 27, 2026 at weighted-average prices within ranges from $128.49 up to $137.405, all under a Rule 10b5-1 trading plan adopted on December 3, 2025. A portion of the sold shares covered the option exercise price and tax withholding obligations. Following these transactions, Shugar holds 966,679 shares directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Operating Officer Nicholas Marco Miller reported several equity transactions involving the company’s common stock. He exercised stock options covering 63,470 shares at $21.00 per share, converting derivative awards into common stock. Footnotes describe these as performance-based options that vested after meeting service and valuation conditions.

The filing also shows multiple "other" transactions in common stock on May 26, 2026, along with footnote disclosures that some sales were executed under a pre-arranged Rule 10b5-1 trading plan and that certain sales were required "sell-to-cover" transactions to satisfy tax and exercise obligations. As a result of a maximum benefit cap, 68,911 performance options were forfeited and cancelled without consideration. Following all reported activity, Miller directly holds 208,621 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. Chief Financial Officer Charles D. Boynton reported an insider transaction involving 9,870 shares of common stock at $129.38 per share. According to the disclosure, these shares were required to be sold in a tax "sell-to-cover" transaction tied to the vesting and conversion of RSUs.

The sales were mandated by Nextpower’s sell-to-cover policy adopted on March 2, 2023 under Rule 10b5-1 and the company’s equity incentive plan, and were not discretionary trades by Boynton. Following the transaction, he holds 363,000 common shares directly.

Rhea-AI Summary

Nextpower Inc. president and director Howard Wenger reported multiple transactions in the company’s common stock. On May 26, 2026, he sold a total of 62,670 shares in open-market transactions at weighted average prices between roughly $128.18 and $133.10, executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 18, 2025. The filing also shows a separate 9,870-share transaction classified as "other," described as a mandatory sell-to-cover sale to satisfy tax withholding on vested RSUs under the company’s equity incentive plan. Following these transactions, Wenger directly holds 416,597 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. Chief Executive Officer Daniel S. Shugar reported selling 26,077 shares of common stock on May 26, 2026 at $134.72 per share in an open-market transaction. The sale was executed under a pre-arranged Rule 10b5-1 trading plan and tied to tax withholding from RSU vesting under the company’s sell-to-cover policy.

On the same date, a separate 19,740-share transaction classified as “other acquisition or disposition” occurred at $129.38 per share. Following these transactions, Shugar holds 911,679 shares directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported a small share sale and a restructuring-related transaction in company common stock. He sold 3,248 shares at $134.72 per share in an open-market transaction. According to the footnotes, this sale was executed under a pre-arranged Rule 10b5-1 trading plan and was required as a sell-to-cover transaction to satisfy tax withholding triggered by RSU vesting and conversion, meaning it was not a discretionary trade. The filing also lists an additional code "J" transaction involving 6,581 shares at $129.38 per share, described as an other acquisition or disposition of common stock.

Rhea-AI Summary

Nextpower Inc. Chief Accounting Officer Bennett David P reported a mandated sell-to-cover transaction tied to restricted stock units. The filing shows 1,234 shares of common stock were sold at $129.38 per share to satisfy tax withholding on RSU vesting. After this transaction, he directly holds 149,162 shares of Nextpower common stock. The footnote explains these sales follow the company’s Rule 10b5-1 sell-to-cover policy and are not discretionary trades.

Rhea-AI Summary

Nextpower Inc. president Howard Wenger reported two common stock transactions. He sold 9,051 shares at $121.02 per share in an open-market sale executed under a Rule 10b5-1 trading plan, solely to cover tax withholding obligations under the company’s mandated sell-to-cover policy.

He also reported a separate 10,394-share transaction classified as an “other acquisition or disposition” at $125.81 per share. Following these moves, he continues to hold roughly 0.49 million shares directly.

Rhea-AI Summary

Nextpower Inc. Chief Executive Officer Daniel S. Shugar reported a mandated tax-related share sale tied to restricted stock unit (RSU) vesting. On May 22, 2026, 20,787 shares of common stock were sold at $125.81 per share in a "sell-to-cover" transaction to satisfy tax withholding obligations under the company’s equity incentive plan and Rule 10b5-1 policy. Following this transaction, he directly holds 957,496 shares of common stock and indirectly holds 18,104 shares through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Operating Officer Nicholas Marco Miller reported a mandated tax-related share sale tied to restricted stock vesting. The filing shows 6,497 shares of common stock were sold at an average price of $125.81 per share to satisfy tax withholding obligations from RSU vesting under the company’s sell-to-cover policy, which operates pursuant to Rule 10b5-1. After this transaction, Miller directly holds 215,036 shares of Nextpower common stock. The company states these sales do not represent discretionary trades by Miller.

Rhea-AI Summary

Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma had 6,930 shares of common stock sold at $125.81 per share to cover taxes from the vesting and conversion of RSUs. These sales were carried out under the company’s mandated Rule 10b5-1 “sell-to-cover” policy and were not discretionary trades. Following the transactions, Ledesma directly holds 249,378 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. Chief Accounting Officer Bennett David P reported an automatic share transaction related to tax withholding. On May 22, 2026, 2,599 shares of common stock were sold in a mandated "sell-to-cover" transaction at $125.81 per share to satisfy tax obligations from vested RSUs under the company’s equity incentive plan and Rule 10b5-1 policy, rather than as a discretionary trade. Following this event, Bennett directly holds 150,396 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. Chief Financial Officer Charles D. Boynton reported a mandatory share sale tied to tax withholding. On May 22, 2026, 34,193 shares of common stock were sold at $125.81 per share to satisfy taxes from vesting and conversion of RSUs.

These transactions were required under the company’s "sell-to-cover" policy adopted on March 2, 2023 pursuant to Rule 10b5-1 and its equity incentive plan, and are described as non-discretionary for the reporting person. After this activity, Boynton directly held 372,870 shares of Nextpower common stock.

Rhea-AI Summary

Nextpower Inc. President Howard Wenger reported a series of equity transactions involving company common stock. He exercised 124,497 stock options at an exercise price of $21.00 per share, converting a derivative award into common stock. On the same date, he sold 16,090 shares of common stock at a weighted-average price of $127.32 per share under an open-market transaction.

Additional transactions coded as "J" reflect other acquisitions or dispositions of common stock at weighted-average prices between roughly $119.99 and $125.66, which the footnotes describe as sales executed pursuant to a Rule 10b5-1 trading plan. A portion of these sales was required to cover the option exercise price and related tax withholding obligations. Following these transactions and the exercise, Wenger directly holds 508,582 shares of Nextpower common stock. The performance-based option award included a Max Benefit Limit, and as a result 123,122 performance options were forfeited and cancelled without consideration after the cap was reached.

Rhea-AI Summary

Nextpower Inc. Chief Executive Officer Daniel S. Shugar exercised stock options and sold shares in a planned transaction. He exercised options to acquire 55,000 shares of common stock at $21.00 per share, then sold 55,000 shares in multiple open-market trades at weighted average prices between $119.52 and $125.42, pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025. A portion of the sales covered the option exercise price and related tax withholding obligations.

Following these transactions, he holds 978,283 shares of Nextpower common stock directly and 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust. He also retains 343,571 stock options with a $21.00 exercise price expiring on March 15, 2027. The activity reflects a compensation-related exercise-and-sell pattern under a pre-arranged plan rather than a discretionary market trade.

Rhea-AI Summary

Nextpower Inc. Chief Operating Officer Miller Nicholas Marco sold 24,511 shares of Common Stock in an open-market transaction at $127.32 per share. After the sale, he directly holds 221,533 shares. The trade was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025.

Rhea-AI Summary

Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported exercising 122,502 stock options for Common Stock on May 19, 2026. These performance-based options carried a $21.00 per-share exercise price and had vested after meeting service and equity valuation growth conditions.

On May 20, 2026, the Form 4 reports related structured transactions in an aggregate of 122,502 shares of Common Stock at weighted average prices between about $122.58 and $128.09, effected under a pre-arranged Rule 10b5-1 trading plan. A portion of these sales was required to cover the exercise price and tax withholding obligations.

Following these transactions, Mr. Ledesma directly holds 256,308 shares of Nextpower common stock. In addition, due to the plan’s Max Benefit Limit, 125,117 performance-based options were forfeited and cancelled without any consideration.

Rhea-AI Summary

Nextpower Inc. Chief Accounting Officer David P. Bennett reported a series of equity transactions. He exercised stock options for 55,075 shares of common stock at an exercise price of $21.00 per share, converting performance-based options into shares.

On the following day, he conducted multiple open-market transactions in common stock at weighted average prices generally in the mid-$120s to low-$130s per share, with sales effected under a pre-arranged Rule 10b5-1 trading plan. A portion of these sales covered the option exercise price and related tax obligations.

The filing also shows several stock grants labeled as awards at no cost and describes restricted stock units and performance stock units that each convert into one share upon vesting, with vesting and performance conditions. Due to a gain cap, 63,973 performance options were forfeited and cancelled without consideration.

Rhea-AI Summary

SHUGAR DANIEL S reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. reported that Chief Executive Officer Daniel Shugar received new equity awards in the form of restricted stock units and performance stock units. These are compensation grants, not open-market share purchases or sales.

The CEO was granted 192,308 restricted stock units that vest 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, contingent on continued service. He was also credited with 49,703 performance stock units tied to financial metrics for the period from April 1, 2025 to March 31, 2026, with an additional relative total shareholder return modifier that can adjust the final payout between 75% and 150% for the April 1, 2025 to March 31, 2028 period. Each earned unit represents the right to receive one share of common stock, and Shugar also indirectly holds 18,104 shares through a family trust.

Rhea-AI Summary

BOYNTON CHARLES D reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. Chief Financial Officer Charles D. Boynton reported equity awards in the form of restricted and performance stock units. He was granted 96,153 restricted stock units (RSUs), each representing one share of common stock, vesting 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, subject to continued service and possible acceleration in certain circumstances.

He also reported 24,851 performance stock units (PSUs) that were originally granted on May 23, 2025 and earned based on financial performance for the period from April 1, 2025 to March 31, 2026. These PSUs remain subject to a relative total shareholder return (rTSR) modifier for the period from April 1, 2025 to March 31, 2028, which can adjust the final number of shares earned between 75% and 150%. The amount reported reflects 75% of the PSUs earned, which is the minimum that will be eligible to vest if employment continues through the end of the three-year performance period.

Rhea-AI Summary

Wenger Howard reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. director and president Howard Wenger received equity awards in the form of stock units. On May 19, 2026, he was granted 96,153 restricted stock units at no purchase price. These RSUs vest 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, contingent on continued service and certain acceleration conditions.

He was also allocated 24,851 performance stock units that were initially earned based on financial performance metrics for the period from April 1, 2025 to March 31, 2026. These PSUs remain subject to an rTSR modifier through March 31, 2028, which can adjust the earned amount between 75% and 150%, with 24,851 representing the 75% minimum eligible to vest.

Rhea-AI Summary

LEDESMA BRUCE reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. reported that Chief Legal & Compliance Officer Bruce Ledesma received a grant of 64,103 performance stock units (PSUs) of common stock at no cost. These PSUs were initially earned after the board certified financial performance for the period from April 1, 2025 to March 31, 2026 and are part of a performance-based compensation plan.

The PSUs remain subject to a relative total shareholder return (rTSR) modifier for the broader period from April 1, 2025 to March 31, 2028, which can adjust the final earned amount between 75% and 150% of the initial performance-based result. The filing notes that 64,103 PSUs represent 75% of the units earned, the minimum that will be eligible to vest, and that vesting generally also requires Mr. Ledesma to remain employed through the end of the three‑year performance period. Following this grant, he directly holds 256,308 shares or share units of the company.

Rhea-AI Summary

Miller Nicholas Marco reported acquisition or exercise transactions in this Form 4 filing.

Nextpower Inc. reported that Chief Operating Officer Nicholas Marco Miller received equity awards in the form of company stock on May 19, 2026. The filing shows grants totaling 79,687 stock-based units at no cash cost to him, reflecting compensation rather than open-market purchases.

Footnotes explain that 62,499 of these are restricted stock units, each equal to one common share, vesting 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, if he continues serving the company. The remaining units relate to performance stock awards that were initially earned based on financial performance from April 1, 2025 to March 31, 2026 and are subject to an additional rTSR modifier through March 31, 2028, which can adjust the final number of shares earned between 75% and 150% of the initial amount.

Rhea-AI Summary

Nextpower Inc. director and CEO Daniel S. Shugar reported mandated tax-related share sales tied to performance stock units (PSUs). On April 27 and 28, 2026, a total of 150,958 shares of common stock were sold in two "sell-to-cover" transactions at prices of $120.32 and $115.82 per share to satisfy tax withholding obligations upon PSU vesting, under the company’s Rule 10b5-1 sell-to-cover policy. After these transactions, Shugar directly held 736,272 shares of Nextpower common stock and indirectly held 18,104 shares through the Kathleen and Daniel Shugar Family Trust.

Rhea-AI Summary

Nextpower Inc. Chief Operating Officer Nicholas Marco Miller reported mandated tax-related share sales under the company’s sell-to-cover policy. On two days, he sold a total of 40,256 shares of Common Stock to satisfy tax withholding obligations tied to vesting and conversion of PSUs. These sales were executed pursuant to a Rule 10b5-1 sell-to-cover policy adopted on March 2, 2023 and are described as non-discretionary, not voluntary trading decisions. After these transactions, he holds 166,357 shares directly.

Rhea-AI Summary

Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported mandated share sales tied to tax withholding. On April 27, 26,326 shares of common stock were sold at $120.32 per share, leaving 219,554 shares held. On April 28, 27,349 shares were sold at $115.82 per share, leaving 192,205 shares held directly.

According to the footnote, these transactions reflect shares required to be sold under a "sell-to-cover" policy to satisfy tax obligations from the vesting and conversion of PSUs. The policy was adopted under Rule 10b5-1 and the equity incentive plan, so the trades were not discretionary.