Daniel S. Shugar - 21 Jun 2025 Form 4 Insider Report for Nextracker Inc. (NXT)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: NXT
Reported as of: 21 Jun 2025
Net transaction value: -$1,254,529
SEC form: 4
Accepted by SEC: 24 Jun 2025, 20:19:50 UTC
Prior SEC filing: 13 Jun 2025
Next SEC filing: 18 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ Philip Reuther, as attorney-in-fact for Daniel S. Shugar

Key filing fact

Daniel S. Shugar filed Form 4 for Nextracker Inc. (NXT) on 24 Jun 2025.

Key facts

This page summarizes Daniel S. Shugar's Form 4 filing for Nextracker Inc. (NXT).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 24 Jun 2025, 20:19.

Change

Previous filing in this sequence was filed on 13 Jun 2025.
Current net transaction value: -$1,254,529.

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 NEXTRACKER INC., 6200 PASEO PADRE PARKWAY, FREMONT
Signature: /s/ Philip Reuther, as attorney-in-fact for Daniel S. Shugar
Signature date: 24 Jun 2025

Reported non-derivative transactions

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

NXT transaction

Common Stock

Options Exercise

Transaction value
Shares: +42,873
Change %: +7.6%
Price
Shares after: 606,907
Date: 21 Jun 2025
Ownership: Direct
Footnotes: F1

NXT transaction

Common Stock

Other

Transaction value: $1,254,529
Shares: -21,917
Change %: -3.6%
Price: $57.24
Shares after: 584,990
Date: 23 Jun 2025
Ownership: Direct
Footnotes: F2

NXT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 326,544
Date: 21 Jun 2025
Ownership: By Trust
Footnotes: F3

Reported derivative securities

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

NXT transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -42,873
Change %: -43%
Price
Shares after: 57,166
Date: 21 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 42,873
Exercise price
Footnotes: F1

^* 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 3 footnotes

Footnote F1

Reflects the vesting and conversion of restricted stock units ("RSUs"), which were previously granted to the Reporting Person on June 21, 2023, into shares of the Issuer's common stock, on a one-for-one basis.

Footnote F2

Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of RSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person.

Footnote F3

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