Bruce Ledesma - Feb 9, 2023 Form 3/A - Amendment Insider Report for Nextracker Inc. (NXT)

Role: Pres, Strat'y, Software & Admn
Signature: /s/ Leah Schlesinger, Attorney-in-Fact for Bruce Ledesma
Stock symbol: NXT
Transactions as of: Feb 9, 2023
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 2/17/2023, 06:11 PM
Date Of Original Report: Feb 9, 2023
Previous filing: Feb 9, 2023
Next filing: Apr 12, 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NXT	Restricted Stock Units							Feb 9, 2023	Common Stock	82.1K		Direct	F1
holding	NXT	Stock Option (Right to Buy)							Feb 9, 2023	Common Stock	248K	$21.00	Direct	F2

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 30% on April 1, 2023, 30% on April 1, 2024, and the remainder on April 1, 2025, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.
F2	These stock options vest between 0% and 100% based on the Issuer's equity valuation achieving certain compounded annual growth rates in excess of an initial valuation of $3 billion over the four year period beginning April 1, 2022 and ending March 31, 2026, with the ending valuation based on the average of the Issuer's closing prices on the previous twenty (20) trading days prior to March 31, 2026, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

Content

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 30% on April 1, 2023, 30% on April 1, 2024, and the remainder on April 1, 2025, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

These stock options vest between 0% and 100% based on the Issuer's equity valuation achieving certain compounded annual growth rates in excess of an initial valuation of $3 billion over the four year period beginning April 1, 2022 and ending March 31, 2026, with the ending valuation based on the average of the Issuer's closing prices on the previous twenty (20) trading days prior to March 31, 2026, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

Remarks:

This amendment to Form 3 is being filed solely to correct the Date of Event Requiring Statement in box 2 at the top of the Form, which was inadvertently reported as February 8, 2023 in the Form 3 filed by the Reporting Person on February 9, 2023 (the "Original Form 3"). Due to the technical requirements of the filing system, we are re-reporting the holdings information in Table II, however, that information remains unchanged from the Original Form 3.