SHUGAR DANIEL S 4

What Happened
Daniel S. Shugar, CEO of Nextpower Inc. (NXT), executed an open-market sale of 39,892 shares on 2026-03-04 at $101.04 per share for proceeds of $4,030,688. On 2026-03-06 related gift transactions involving 220,805 shares were reported; these gifts involve shares held by the Kathleen and Daniel Shugar Family Trust and are non‑market transfers rather than purchases or sales.

Key Details

• Transaction dates and prices:
  • 2026-03-04: Open-market sale — 39,892 shares at $101.04 each = $4,030,688 (coded S).
  • 2026-03-06: Gift transfer entries — 220,805 shares reported as disposed (G) and 220,805 shares reported as acquired (G) at $0.00 (non‑cash transfers).
• Shares owned after transaction: Not specified in the summary provided; the filing notes indirect beneficial ownership through the family trust (see footnote F3).
• Notable footnotes:
  • F1: The March 4 sale was made pursuant to a prearranged 10b5‑1 trading plan adopted Dec 3, 2025 (routine, pre-scheduled sales).
  • F2: The 220,805-share gift is an exempt gift by the Kathleen and Daniel Shugar Family Trust to the reporting person.
  • F3: Indicates shares indirectly beneficially owned by Mr. Shugar through that trust.
• Filing timeliness: Form 4 was filed on 2026-03-06 reporting transactions dated 2026-03-04 — within the typical 2-business-day reporting window.

Context

• The open-market sale proceeded under a 10b5‑1 plan, meaning it was part of a prearranged trading program and is commonly viewed as routine insider selling rather than a spontaneous decision.
• The gift transactions are non-market transfers and generally do not convey the insider’s market sentiment.
• No option exercises or cashless transactions were reported.