Nextpower Inc. 4

CEO Daniel S. Shugar executed a mandated sell-to-cover disposition of 20,787 shares of Nextpower Inc. common stock at about $125.81 per share (~$2.6M) tied to RSU vesting.

On May 22, 2026, Daniel S. Shugar, Chief Executive Officer of Nextpower Inc., disposed of 20,787 shares of the company’s common stock in a Form 4-coded transaction (code J) at an implied price of $125.81 per share, for total proceeds of approximately $2.6 million. The filing notes this was an automatic “sell-to-cover” sale mandated under the issuer’s Rule 10b5-1 sell-to-cover policy to satisfy tax withholding obligations related to the vesting and conversion of RSUs, and therefore did not represent a discretionary trade by the reporting person. Following the transaction, Shugar held 957,496 shares of common stock directly and an additional 18,104 shares indirectly through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007. Using the disclosed transaction price as a proxy, his direct holdings are worth roughly $120.5 million and his indirect trust holdings about $2.3 million, indicating he retains a very substantial equity interest in Nextpower Inc.

Filing Facts

CIK

1852131

Ticker

NXT

Form

4

Source Type

sec

Accession

0000950103-26-007730

Alert Tier

6