LEDESMA BRUCE 4
4 · Nextpower Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Nextpower (NXT) Chief Legal & Compliance Officer Bruce Ledesma Sells Shares
What Happened
Bruce Ledesma, Nextpower’s Chief Legal & Compliance Officer, reported RSUs vesting and converting into 20,326 shares on June 18, 2026. Following the conversion, 10,436 shares were disposed (sold) on June 22, 2026 at $128.38 per share for proceeds of $1,339,774. The filings also show conversion/exercise-related derivative entries tied to the RSU settlement.
Key Details
- Transaction dates and amounts:
- 2026-06-18: RSUs vested and converted into 20,326 common shares (reported as exercise/conversion, code M). (F1)
- 2026-06-22: 10,436 shares sold at $128.38 per share; proceeds $1,339,774 (reported as other disposition, code J).
- Shares owned after the reported transactions: not specified in the provided filing excerpt.
- Footnotes: F1 = conversion of previously granted RSUs (one-for-one). F2 = the sale reflects a mandatory "sell-to-cover" to satisfy tax withholding under the company’s policy (Rule 10b5-1); these sales were not discretionary trades by the reporting person.
- Filing/timeliness: Form filed 2026-06-23 for transactions dated 6/18 and 6/22. No late-filing flag was provided in the excerpt.
Context
The primary activity here is an RSU vesting/conversion followed by a sell-to-cover tax withholding sale. RSU conversions and automatic sell-to-cover transactions are routine administrative events; they represent vesting and tax-related dispositions rather than voluntary open-market selling intended as a market signal. Transaction code M indicates exercise/conversion of a derivative (RSU settlement) and the sale is marked as a mandated tax-withholding sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-18+20,326→ 259,875 total - Other
Common Stock
[F2]2026-06-22$128.38/sh−10,436$1,339,774→ 249,439 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-06-18−20,326→ 0 total→ Common Stock (20,326 underlying)
Footnotes (2)
- [F1]Reflects the vesting and conversion of restricted stock units ("RSUs"), which were previously granted to the Reporting Person on June 21, 2023, into shares of the Issuer's common stock, on a one-for-one basis.
- [F2]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.