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

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
* 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.

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.