LEDESMA BRUCE 4
4 · Nextpower Inc. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Nextpower (NXT) Chief Legal & Compliance Officer Bruce Ledesma Sells Shares
What Happened
Bruce Ledesma, Nextpower's Chief Legal & Compliance Officer, disposed of a total of 53,675 shares in two sell-to-cover transactions tied to the vesting/conversion of PSUs. On 2026-04-27 he sold 26,326 shares at $120.32 each for $3,167,544, and on 2026-04-28 he sold 27,349 shares at $115.82 each for $3,167,561, for a combined proceeds of $6,335,105. These were disposals (not purchases) and were routine sell-to-cover transactions.
Key Details
- Transaction dates/prices: 2026-04-27 — 26,326 shares @ $120.32; 2026-04-28 — 27,349 shares @ $115.82.
- Total shares sold: 53,675; total proceeds: $6,335,105.
- Shares owned after transaction: not disclosed in the filing.
- Transaction code: "Other acquisition or disposition (J)" and footnote F1 explains these were sell-to-cover sales to satisfy tax withholding related to PSUs.
- Footnote F1: Sales were mandated by the issuer’s sell-to-cover policy (adopted Mar 2, 2023) pursuant to Rule 10b5-1 and the equity incentive plan; they do not represent discretionary trades by the reporting person.
- Filing timeliness: Report filed 2026-04-28 for transactions dated 2026-04-27 and 2026-04-28 (filed promptly).
Context
Sell-to-cover transactions are routine: shares are automatically sold to cover tax obligations on vested performance stock units and typically do not signal the insider’s view on the company’s stock. This filing documents the tax-withholding disposals rather than an open-market sale initiated for investment reasons.
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-27$120.32/sh−26,326$3,167,544→ 219,554 total - Other
Common Stock
[F1]2026-04-28$115.82/sh−27,349$3,167,561→ 192,205 total
Footnotes (1)
- [F1]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 PSUs. 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.