4//SEC Filing
Lundstrom Paul 4
Accession 0000950103-24-000322
CIK 0001852131other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:15 PM ET
Size
6.6 KB
Accession
0000950103-24-000322
Insider Transaction Report
Form 4
Lundstrom Paul
Director
Transactions
- Award
Common Stock
2024-01-02+55,009→ 55,009 total
Footnotes (3)
- [F1]On January 2, 2024, Flex Ltd. ("Flex") completed a distribution of all of the shares of common stock of Yuma, Inc. ("Yuma Shares") to Flex shareholders on a pro rata basis based on the number of ordinary shares of Flex (each, a "Flex Share") held by each Flex shareholder (the "Distribution") as of December 29, 2023, pursuant to that certain Agreement and Plan of Merger by and among Nextracker Inc. ("Nextracker"), Flex, Yuma, Inc. and Yuma Acquisition Corp. ("Merger Sub"), dated as of February 7, 2023 (the "Merger Agreement").
- [F2]Upon the consummation of the Distribution, on January 2, 2024, Flex completed the merger of Yuma Inc. with and into Merger Sub, with Yuma surviving the merger as a wholly owned subsidiary of Nextracker (the "Merger"). Pursuant to the Merger Agreement, as a result of the Merger, each Yuma Share that was issued and outstanding as of immediately prior to the closing of the Merger automatically converted into the right to receive a number of shares of Class A common stock, par value $0.0001 of Nextracker ("Nextracker Class A Common Stock") based on an exchange ratio of 0.174185 (the "Exchange Ratio").
- [F3]This amount reflects the number of shares of Nextracker Class A Common Stock issued by Nextracker to the Reporting Person in connection with the Merger in respect of the number of Yuma Shares held by the Reporting Person after giving effect to the Distribution.
Documents
Issuer
Nextracker Inc.
CIK 0001852131
Entity typeother
Related Parties
1- filerCIK 0001688179
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:15 PM ET
- Size
- 6.6 KB