Key facts
- This page summarizes FLEX LTD.'s Form 4 filing for Nextracker Inc. (NXT).
- 1 reported transaction and 2 derivative rows are listed below.
- Accepted by SEC: 06 Jul 2023, 16:30.
FLEX LTD. - 03 Jul 2023 Form 4 Insider Report for Nextracker Inc. (NXT)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- NXT
- Reported as of
- 03 Jul 2023
- Net transaction value
- -$495,276,045
- SEC form
- 4
- Accepted by SEC
- 06 Jul 2023, 16:30:34 UTC
- Prior SEC filing
- 15 Feb 2023
- Next SEC filing
- 04 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Paul R. Lundstrom, Chief Financial Officer of Flex Ltd.
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
FLEX LTD. filed Form 4 for Nextracker Inc. (NXT) on 06 Jul 2023.
Change
- Previous filing in this sequence was filed on 15 Feb 2023.
- Current net transaction value: -$495,276,045.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NXT
transaction
Derivative
Class B Common Stock
Disposed to Issuer
- Transaction value
- $495,276,045
- Shares
- -14,025,000
- Change %
- -19%
- Price
- $35.31
- Shares after
- 60,146,905
- Date
- 03 Jul 2023
- Ownership
- By Yuma, Inc.
- Underlying class
- Class A Common Stock
- Underlying amount
- 14,025,000
- Exercise price
- Footnotes
- F1, F2, F4, F5
NXT
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,285,714
- Date
- 03 Jul 2023
- Ownership
- By Yuma Subsidiary, Inc.
- Underlying class
- Class A Common Stock
- Underlying amount
- 14,285,714
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Each share of Class B Common Stock is paired with one common unit of Nextracker LLC ("LLC Common Unit" and, together with the paired Class B Common Stock, the "Paired Interest"). Pursuant to the Exchange Agreement by and among the Issuer, Nextracker LLC and the holders of LLC Common Units, each Paired Interest is exchangeable into one share of Class A common stock (or, at the Issuer's election, cash based on the exchange rate in the Exchange Agreement and the value of the Class A common stock at the time of the exchange), subject to the terms of the Exchange Agreement. Upon an exchange of Paired Interests for Class A common stock, the corresponding Class B common stock will be cancelled. The Paired Interests have no expiration date.
Footnote F2
The sole shareholder of Yuma, Inc. is Flextronics International USA, Inc., an indirect, wholly-owned subsidiary of the Reporting Person.
Footnote F3
The sole shareholder of Yuma Subsidiary, Inc. is Yuma, Inc., an indirect, wholly-owned subsidiary of the Reporting Person.
Footnote F4
In connection with closing of the Issuer's underwritten offering on July 3, 2023, the Issuer purchased these Paired Interests from Yuma, Inc., in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(e) thereunder.
Footnote F5
The exact price, $35.31375, has been rounded due to the character limitations of Column 8.