Daniel S. Shugar - 04 Jun 2026 Form 4 Insider Report for Nextpower Inc. (NXT)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: NXT
Reported as of: 04 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 Jun 2026, 16:38:57 UTC
Prior SEC filing: 02 Jun 2026
Next SEC filing: 08 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Philip Reuther, as attorney-in-fact for Daniel Shugar

Key filing fact

Daniel S. Shugar filed Form 4 for Nextpower Inc. (NXT) on 05 Jun 2026.

Key facts

This page summarizes Daniel S. Shugar's Form 4 filing for Nextpower Inc. (NXT).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Jun 2026, 16:38.

Change

Previous filing in this sequence was filed on 02 Jun 2026.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001425477 Primary reporting owner

SHUGAR DANIEL S

Relationship: Chief Executive Officer, Director
Address: C/O NEXTPOWER INC., 6200 PASEO PADRE PARKWAY, FREMONT
Signature: /s/ Philip Reuther, as attorney-in-fact for Daniel Shugar
Signature date: 05 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NXT transaction

Common Stock

Options Exercise

Transaction value
Shares: +21,402
Change %: +2.3%
Price: $21.00^*
Shares after: 933,081
Date: 04 Jun 2026
Ownership: Direct
Footnotes: F1, F2

NXT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 18,104
Date: 04 Jun 2026
Ownership: By Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NXT transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
Shares: -21,402
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Jun 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 21,402
Exercise price: $21.00
Footnotes: F1, F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

Reflects an award of performance-based options ("Performance Options") to purchase shares of the Issuer's common stock ("Common Stock") that vested and became exercisable as of April 1, 2026 upon the achievement of both a continuous service requirement and the achievement of certain Nextpower equity valuation growth conditions. These Performance Options contain unique restrictions which (i) provide a limited period of time following vesting to exercise such Performance Options (i.e., by no later than March 15, 2027) or otherwise such Performance Options terminate and (ii) cap the maximum "gain" value realizable by Mr. Shugar upon exercise of the total award of Performance Options at 250% of the aggregate exercise price (the "Max Benefit Limit").

Footnote F2

The exercise reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 3, 2025.

Footnote F3

Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

Footnote F4

As a result of the application of the Max Benefit Limit, 212,169 Performance Options were forfeited and cancelled without any consideration.