LEDESMA BRUCE 4

What Happened
Bruce Ledesma, NextPower's Chief Legal & Compliance Officer, sold a total of 9,829 shares on May 26, 2026. The filings show:

• 3,248 shares sold in an open-market sale at $134.72 each for $437,571.
• 6,581 shares disposed at $129.38 each for $851,450.
  Combined proceeds from both dispositions were approximately $1,289,021. Both reported transactions are sales (not purchases).

Key Details

• Transaction date: May 26, 2026. Prices: $134.72 (3,248 sh) and $129.38 (6,581 sh).
• Total shares sold: 9,829; total proceeds ≈ $1,289,021.
• Codes: S = open-market sale; J = other acquisition/disposition (reported as a disposition).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes: F1 — the sale was effected under a 10b5-1 trading plan adopted Sept 10, 2024. F2 — the larger disposition reflects a "sell-to-cover" to satisfy tax withholding on RSU vesting/conversion per the issuer's policy (adopted Mar 2, 2023) and is not a discretionary trade.
• Filing: Report filed on May 27, 2026 for transactions on May 26, 2026 (appears timely under Form 4 rules).

Context
A 10b5-1 plan indicates at least part of the sale was pre-scheduled, and a "sell-to-cover" sale is a routine transaction to cover tax withholding on vested RSUs; both are commonly treated as non-discretionary. These details suggest the trades were routine rather than a real-time directional bet by the officer. There is no indication in the provided filing that this involved option exercises, gifts, or that the reporting person is a 10% owner.