Bennett David P 4

What Happened

• David P. Bennett, Chief Accounting Officer of Nextpower Inc. (NXT), disposed of 2,599 shares on 2026-05-22 at $125.81 per share, generating proceeds of $326,980. The Form 4 was filed on 2026-05-26.
• The transaction is reported under code J ("other acquisition or disposition"), and a footnote clarifies this was a sell-to-cover to satisfy tax withholding tied to vested/converted RSUs, not a discretionary open-market sale.

Key Details

• Transaction date: 2026-05-22; Price: $125.81 per share; Total value: $326,980.
• Filing date: 2026-05-26 (reporting the 05-22 transaction).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Sale was a mandatory "sell-to-cover" under the issuer's policy (adopted March 2, 2023) pursuant to Rule 10b5-1 and the company’s equity incentive plan; these sales are to satisfy tax withholding and are not discretionary trades by the reporting person.

Context

• Sell-to-cover transactions are routine tax-withholding actions when restricted stock units vest or convert; they generally do not signal the insider’s discretionary view on the company's prospects.
• This was not an exercise of options or a gift—just a mandated disposition to cover tax obligations from RSU vesting.