LEDESMA BRUCE 4

4 · Nextpower Inc. · Filed May 20, 2026

AI-generated summary of this filing

Updated May 21, 2026

Nextpower (NXT) Bruce Ledesma Receives PSU Award

What Happened

Bruce Ledesma, Chief Legal & Compliance Officer of Nextpower Inc. (NXT), was credited with 64,103 performance stock units (PSUs) on 2026-05-19. The reported acquisition price is $0.00 (transaction code A — award/grant). These PSUs were originally granted May 23, 2025 and were certified by the Board on May 19, 2026 as earned based on financial metrics for the period April 1, 2025–March 31, 2026.
Each earned PSU represents the right to receive one share of Nextpower common stock upon satisfaction of vesting conditions. The award remains subject to a relative TSR (rTSR) modifier for the multi-year performance period through March 31, 2028 that can adjust final payout between 75% and 150%. The 64,103 reported here reflects 75% of the number of PSUs earned (the minimum amount eligible to vest), subject to continued employment.

Key Details

Transaction date: 2026-05-19; Form 4 filed 2026-05-20 (timely, one day after the transaction).
Transaction type: Award/grant (code A); 64,103 PSUs @ $0.00 reported.
Each PSU = right to one share upon vesting; rTSR modifier may increase/decrease final shares (75%–150% range).
Reported amount reflects the 75% minimum portion eligible to vest at the end of the three-year performance period (subject to employment through that date).
Shares owned after the transaction are not disclosed in the provided filing excerpt.

Context

PSUs are performance-based, deferred equity awards, not open-market purchases or sales. They represent future upside tied to company financial goals and relative TSR performance plus continued service, rather than an immediate cash investment or liquidation.

Form 4

Period: 2026-05-19

Chief Legal & Compliance Ofc

Transactions

Footnotes (3)

[F1]Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on May 23, 2025, which were initially earned upon certification by the Board of Directors of the Issuer on May 19, 2026 of the level of achievement of the financial performance metrics applicable to the PSUs for the performance period from April 1, 2025 to March 31, 2026. The PSUs remain subject to an rTSR modifier performance metric for the performance period from April 1, 2025 to March 31, 2028, pursuant to which the number of shares earned based on achievement of the financial performance metrics can be adjusted between 75% - 150%.
[F2]Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions.
[F3]The amount reported herein reflects 75% of the number of PSUs earned based on achievement of the financial performance metrics, which is the minimum amount of PSUs that will be earned and eligible to vest at the end of the three-year performance period, subject generally to the Reporting Person's continued employment with the Issuer through such date.

Signature

/s/ Philip Reuther, as attorney-in-fact for Bruce Ledesma|2026-05-20

1 file