Nextpower Inc. 4

CEO Daniel S. Shugar of Nextpower Inc. exercised 55,000 stock options at $21.00 and then sold 74,100 common shares around $142–$152 per share under a 10b5-1 plan, leaving about 911,679 shares held directly plus 18,104 indirectly by trust.

On May 29, 2026, Nextpower Inc. CEO Daniel S. Shugar exercised 55,000 performance-based stock options at an exercise price of $21.00 per share, acquiring 55,000 shares of common stock, and following this exercise held 966,679 shares directly. On June 1, 2026, he executed a series of planned sales under a Rule 10b5-1 trading plan, selling an aggregate of 74,100 shares of common stock across multiple tranches at prices ranging from approximately $142.45 to $152.09 per share, for total proceeds of roughly $11 million, reducing his direct ownership to 911,679 shares, while also continuing to hold 18,104 shares indirectly via the Kathleen and Daniel Shugar Family Trust. The option exercise relates to a performance-based award that vested on April 1, 2026 upon meeting service and equity valuation growth conditions and is subject to a capped maximum gain and a limited exercise window running to March 15, 2027; a portion of the shares sold on June 1 was used to cover the option exercise price and related tax obligations.

Filing Facts

CIK

1852131

Ticker

NXT

Form

4

Source Type

sec

Accession

0000950103-26-008383

Alert Tier

7