Bennett David P 4

What Happened
David P. Bennett, Chief Accounting Officer of Nextpower Inc. (NXT), disposed of a total of 67,093 shares in two non‑discretionary sell‑to‑cover transactions following the vesting and conversion of performance stock units (PSUs). On 2026-04-27 he sold 32,908 shares at $120.32 for $3,959,491; on 2026-04-28 he sold 34,185 shares at $115.82 for $3,959,307. Both transactions are reported as "Other acquisition or disposition (J)" and are disposals (sales).

Key Details

• Transaction dates and amounts:
  • 2026-04-27: 32,908 shares @ $120.32 — $3,959,491
  • 2026-04-28: 34,185 shares @ $115.82 — $3,959,307
• Total sold: 67,093 shares for approximately $7.92 million.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: These sales were mandated by Nextpower’s sell‑to‑cover policy (adopted Mar 2, 2023) to satisfy tax withholding on PSU vesting/conversion; executed under the issuer’s authority and Rule 10b5‑1 — they are not discretionary trades by the reporting person.
• Filing: Form 4 filed 2026-04-28 covering the 4/27 and 4/28 transactions; filing appears timely based on the reported dates.

Context
Sell‑to‑cover transactions are a routine way for insiders to cover tax obligations when restricted awards or PSUs convert to shares; they don’t necessarily reflect the insider’s view of the company’s prospects. Because these were mandated tax‑related disposals, they are generally considered less informative than voluntary open‑market purchases or sales.