SHUGAR DANIEL S 4

What Happened

• Daniel S. Shugar, Chief Executive Officer of NextPower, sold a total of 59,456 shares on March 9, 2026 in a series of open‑market transactions. The individual lots ranged from ~3,250 to 15,873 shares at weighted‑average prices between about $100.07 and $108.22, producing aggregate gross proceeds of approximately $6.25 million. These were sales (not purchases or exercises).

Key Details

• Transaction date: March 9, 2026 (all reported transactions).
• Lots, weighted‑average prices and proceeds (examples):
  • 3,250 sh @ $100.07 = $325,228 (prices in this batch ranged ~$99.70–$100.46).
  • 6,748 sh @ $101.25 = $683,235 (range ~$100.71–$101.71).
  • 3,720 sh @ $102.17 = $380,072 (range ~$101.71–$102.70).
  • 4,050 sh @ $103.18 = $417,879 (range ~$102.83–$103.70).
  • 3,223 sh @ $104.76 = $337,641 (range ~$104.03–$105.02).
  • 9,766 sh @ $105.58 = $1,031,094 (range ~$105.04–$106.03).
  • 11,453 sh @ $106.45 = $1,219,172 (range ~$106.04–$107.03).
  • 15,873 sh @ $107.75 = $1,710,316 (range ~$107.09–$108.08).
  • 1,373 sh @ $108.22 = $148,586 (range ~$108.11–$108.30).
• Total: 59,456 shares sold for roughly $6.25 million (sum of reported proceeds).
• Post‑transaction holdings: The Form 4 indicates indirect beneficial ownership through the Kathleen and Daniel Shugar Family Trust (dated May 10, 2007). See the filed Form 4 for the exact number of shares held after these sales.
• Notable footnotes: Sales were effected pursuant to a 10b5‑1 trading plan adopted by Mr. Shugar on Dec 3, 2025 (footnote F1). Several footnotes note that prices shown are weighted averages and give the ranges for multiple executions (F2–F10). F11 notes indirect ownership through the family trust.
• Filing timeliness: Reported on March 9, 2026 for transactions the same day — the filing appears timely (no late‑filing flag shown).

Context

• These were scheduled open‑market sales under a 10b5‑1 plan. Such plans allow insiders to sell according to pre‑set instructions and are commonly used for diversification or liquidity; they do not necessarily signal a change in the insider’s view of the company. For retail investors, purchases by insiders typically carry more direct bullish signal than routine sales; nevertheless, the size of these sales is material and worth noting. For full transaction details (number of shares at each execution price and exact post‑trade holdings), consult the Form 4 filing (Accession No. 0000950103-26-003483).