LEDESMA BRUCE 4
4 · Nextpower Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Nextpower (NXT) Chief Legal Officer Bruce Ledesma Sells 6,930 Shares
What Happened
Bruce Ledesma, Nextpower’s Chief Legal & Compliance Officer, disposed of 6,930 shares on May 22, 2026 at $125.81 per share, a transaction totaling approximately $871,863. The Form 4 lists the disposition as code J (other acquisition or disposition).
Key Details
- Transaction date and price: 2026-05-22 at $125.81 per share. Total proceeds ≈ $871,863.
- Transaction type: Disposition (code J) reported on Form 4 filed 2026-05-26.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: The sale was a "sell-to-cover" to satisfy tax withholding tied to vesting/conversion of RSUs. The sale was mandated by the issuer’s sell-to-cover policy (adopted Mar 2, 2023) under Rule 10b5-1 and was not a discretionary trade by the insider.
Context
Sell-to-cover transactions are routine tax-withholding actions when restricted stock units vest; they do not necessarily indicate the insider’s view on the company’s prospects. This filing reports the required withholding sale rather than a voluntary open-market sale.
Insider Transaction Report
Form 4
LEDESMA BRUCE
Chief Legal & Compliance Ofc
Transactions
- Other
Common Stock
[F1]2026-05-22$125.81/sh−6,930$871,863→ 249,378 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 RSUs. 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.
Signature
/s/ Philip Reuther, as attorney-in-fact for Bruce Ledesma|2026-05-26