Nextpower Inc. 4

CEO Daniel S. Shugar of Nextpower Inc. exercised 55,000 stock options at $21.00 and then sold 51,000 shares of common stock for roughly $6.9 million under a 10b5-1 plan, reducing his direct holdings to 911,679 shares plus 18,104 shares held via a trust.

On May 26, 2026, Nextpower Inc. CEO Daniel S. Shugar exercised 55,000 performance-based stock options for common stock at an exercise price of $21.00 per share, increasing his direct common stock ownership to 966,679 shares, and on May 27, 2026, he executed a series of automatic sales under a Rule 10b5-1 plan totaling 51,000 shares of common stock in multiple tranches at prices ranging from approximately $129.01 to $137.20 per share, for aggregate proceeds of about $6.9 million, leaving him with 911,679 shares held directly plus 18,104 shares held indirectly through a family trust. The option exercise relates to previously granted performance options that vested upon meeting service and equity valuation conditions and must be exercised by March 15, 2027; a portion of the shares sold was used to cover the exercise price and tax obligations associated with this award, and the performance options are subject to a cap limiting the maximum gain to 250% of the aggregate exercise price.

Filing Facts

CIK

1852131

Ticker

NXT

Form

4

Source Type

sec

Accession

0000950103-26-007990

Alert Tier

7