Nextpower (NXT) Director Monica Karuturi Receives RSU Award

What Happened

• Monica Karuturi, a director of Nextpower, was granted 2,742 restricted stock units (RSUs) on August 19, 2026. The RSUs were issued at $0.00 (transaction coded as an award/grant), so the reported acquisition value at grant is $0. These RSUs represent contingent rights to receive one share of Nextpower common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-08-19; Filing date: 2026-08-20 (appears timely).
• Price at grant: $0.00; Reported value at grant: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs vest on the one‑year anniversary of the grant (or, if earlier, the business day immediately before the next annual meeting), subject to continued service (see footnote F1 in the filing).
• Transaction code: A (award/grant).

Context

• RSUs are a form of equity compensation that convert into shares if and when vesting conditions are met; they do not represent immediate share sales or purchases and therefore are not direct indicators of a director buying or selling stock. Tax and ownership implications generally occur at vesting when the RSUs convert into shares.