Nextpower Inc. 4

Nextpower Inc. CEO Daniel S. Shugar exercised performance-based stock options on June 4, 2026, acquiring 21 shares of common stock (underlying 21,402 options) and ending with 933,081 shares held directly plus 18,104 shares held indirectly via trust, while a large block of performance options was forfeited under a gain cap.

On June 4, 2026, Nextpower Inc. CEO Daniel S. Shugar exercised 21 stock options with a $21.00 exercise price and acquired 21 shares of common stock in a transaction coded “M,” with 21,402 shares indicated as underlying the option award; the Form 4 notes these were performance-based options that vested as of April 1, 2026 based on service and equity valuation hurdles, are subject to a limited exercise window ending March 15, 2027, and include a cap limiting his total gain to 250% of the aggregate exercise price, which resulted in the forfeiture and cancellation of 212,169 performance options without consideration. Following the exercise, he directly owned 933,081 shares of common stock and indirectly held an additional 18,104 shares through the Kathleen and Daniel Shugar Family Trust, and the transaction was executed under a pre-established Rule 10b5‑1 trading plan adopted on December 3, 2025.

Filing Facts

CIK

1852131

Ticker

NXT

Form

4

Source Type

sec

Accession

0000950103-26-008599

Alert Tier

5