Wenger Howard 4
4 · Nextpower Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Nextpower (NXT) President Wenger Howard Sells 72,540 Shares
What Happened
- Wenger Howard, President and a director of Nextpower (NXT), disposed of a total of 72,540 shares on May 26, 2026, for aggregate proceeds of approximately $9.44 million. The filing lists these tranches:
- 7,690 shares at $128.91 = $991,318
- 23,355 shares at $129.66 = $3,028,209
- 22,466 shares at $130.78 = $2,938,103
- 7,840 shares at $131.39 = $1,030,098
- 1,319 shares at $132.59 = $174,886
- 9,870 shares (other disposition) at $129.38 = $1,276,981
- These were sales (not purchases). Several tranches were executed in multiple transactions at varying prices (see Key Details). Sales like these are often routine dispositions; some were made under a pre-established 10b5-1 plan and one tranche reflects a sell‑to‑cover for tax withholding related to RSU vesting.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 27, 2026 (filed one day after trades — within typical SEC reporting window).
- Prices: weighted-average prices reported per tranche; underlying trade prices ranged roughly from $128.18 up to $133.10 across the transactions.
- Shares sold: 72,540; total proceeds ≈ $9.44 million.
- Shares owned after transaction: not specified in the information provided in your summary.
- Notable footnotes:
- 10b5-1 plan: at least one sale was effected pursuant to a trading plan adopted Aug 18, 2025 (pre-scheduled trades).
- Several price entries are weighted averages covering multiple execution prices; the filer offers to provide breakdowns on request.
- A tranche reflects a "sell-to-cover" required to satisfy tax withholding for vested RSUs (mandated by issuer policy), not a discretionary trade.
Context
- Sales reduce insider holdings and are commonly used for diversification or to satisfy taxes; they do not necessarily indicate negative views about the company. A 10b5-1 plan means some trades were pre-authorized and executed automatically. A sell‑to‑cover tied to RSU vesting is administrative and not a voluntary market-timing decision.
Insider Transaction Report
Form 4
Wenger Howard
DirectorPresident
Transactions
- Sale
Common Stock
[F1][F2]2026-05-26$128.91/sh−7,690$991,318→ 481,447 total - Sale
Common Stock
[F1][F3]2026-05-26$129.66/sh−23,355$3,028,209→ 458,092 total - Sale
Common Stock
[F1][F4]2026-05-26$130.78/sh−22,466$2,938,103→ 435,626 total - Sale
Common Stock
[F1][F5]2026-05-26$131.39/sh−7,840$1,030,098→ 427,786 total - Sale
Common Stock
[F1][F6]2026-05-26$132.59/sh−1,319$174,886→ 426,467 total - Other
Common Stock
[F7]2026-05-26$129.38/sh−9,870$1,276,981→ 416,597 total
Footnotes (7)
- [F1]The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 18, 2025.
- [F2]The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $128.18 to $129.1725, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
- [F3]The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $129.18 to $130.17 inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
- [F4]The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $130.18 to $131.175, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
- [F5]The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $131.18 to $132.12, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
- [F6]The price reported in Column 4 is a weighted average price. The reported securities were sold in multiple transactions at prices ranging from $132.18 to $133.10, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission (SEC), upon request, full information regarding the number of shares sold at each separate price within such ranges.
- [F7]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 Howard Wenger|2026-05-27