LEDESMA BRUCE 4

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.