Insider sale notice: NXT (NXT) 20,787 Class A shares listed on Form 144

Rhea-AI Filing Summary

NXT: Proposed insider sale notice by Daniel S. Shugar. The filing reports 20,787 Class A shares listed under "Securities To Be Sold" with an action labeled Restricted Stock Vesting dated 05/21/2026. The form also lists multiple Class A dispositions by Daniel S. Shugar during March–May 2026 with specific trade dates and share counts.

Insights

Corporate Governance Expert

Routine Form 144 notice showing proposed sale activity by an insider.

The filing lists 20,787 Class A shares under "Securities To Be Sold" with the method shown as Restricted Stock Vesting dated 05/21/2026. It also documents prior Class A dispositions on 03/04/2026, 03/09/2026, 04/24/2026, 04/27/2026, 04/28/2026, and 05/21/2026 with specific share counts.

These entries are procedural disclosures of sales activity and vesting; the filing does not state proceeds recipients or any trading plan. Subsequent filings or broker reports would show settlement and cash‑flow details.

Key Figures

Securities to be sold: 20,787 shares Disposition on 03/04/2026: 39,892 shares Disposition on 03/09/2026: 59,456 shares +4 more

7 metrics

Securities to be sold 20,787 shares Class A; <date>05/21/2026</date>

Disposition on 03/04/2026 39,892 shares Class A sale by Daniel S. Shugar

Disposition on 03/09/2026 59,456 shares Class A sale by Daniel S. Shugar

Disposition on 04/24/2026 73,477 shares Class A sale by Daniel S. Shugar

Disposition on 04/27/2026 74,041 shares Class A sale by Daniel S. Shugar

Disposition on 04/28/2026 76,917 shares Class A sale by Daniel S. Shugar

Disposition on 05/21/2026 55,000 shares Class A sale by Daniel S. Shugar

Key Terms

Form 144, Restricted Stock Vesting, Class A

3 terms

Form 144 regulatory

"Entry header showing proposed sale notice and securities to be sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Vesting financial

"Method listed under "Securities To Be Sold" dated 05/21/2026"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Class A financial

"Security class label repeated across sales and "Securities To Be Sold""

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	20787	2615308.09	150274472	05/22/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	05/21/2026	Restricted Stock Vesting	Issuer			20787	05/21/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/04/2026	39892	4030687.68
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	03/09/2026	59456	6253367.39
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/24/2026	73477	8908843.78
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/27/2026	74041	8908924.09
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	04/28/2026	76917	8908796.15
Daniel S. Shugar 6200 Paseo Padre Parkway Fremont CA 94555	Class A	05/21/2026	55000	6689424.50

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does NXT's Form 144 say about Daniel S. Shugar's proposed sale?

The Form 144 lists 20,787 Class A shares under "Securities To Be Sold" with a Restricted Stock Vesting entry dated 05/21/2026. It also records several prior Class A dispositions by Daniel S. Shugar in March–May 2026.

Which past sales by Daniel S. Shugar are disclosed on the Form 144 for NXT?

The filing lists Class A dispositions on 03/04/2026 (39,892 shares), 03/09/2026 (59,456 shares), 04/24/2026 (73,477 shares), 04/27/2026 (74,041 shares), 04/28/2026 (76,917 shares), and 05/21/2026 (55,000 shares).

What method is listed for the securities to be sold in NXT's Form 144?

The Form 144 shows the method as Restricted Stock Vesting for the 20,787 Class A shares entry dated 05/21/2026. The document categorizes that row under "Compensation."

Does the Form 144 state who receives proceeds from the listed sales?

The provided excerpt does not state the recipient of sale proceeds. The filing lists share counts and dates but does not specify cash‑flow treatment or who receives sale proceeds in the visible text.