Nextracker Executive Plans $591K Stock Sale Amid $2.68M Recent Dispositions

[144] Nextracker Inc. SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Form 144 Notice filed for Nextracker regarding a proposed sale of securities by an insider. David Bennett plans to sell 10,330 Class A shares with an aggregate market value of $591,290.23 through Fidelity Brokerage Services on NASDAQ, with an approximate sale date of June 23, 2025.

The shares were acquired through restricted stock vesting on June 20, 2025, as part of compensation. The filing reveals significant recent selling activity by Bennett in the past 3 months:

May 28, 2025: 31,654 shares sold for $1,752,175.52
May 13, 2025: 9,801 shares sold for $539,055.00
May 22, 2025: 2,772 shares sold for $147,947.18
April 2, 2025: 5,637 shares sold for $242,867.33

Total outstanding Class A shares: 146,263,962. This Form 144 represents Bennett's intention to sell additional shares following his recent significant dispositions.

Positive

None.

Negative

Insider David Bennett has sold a significant total of 49,864 Class A shares over the past 3 months worth approximately $2.68M, with another planned sale of 10,330 shares worth $591K, indicating consistent selling pressure from management

06/23/2025 - 03:12 PM

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

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

10330

591290.23

146263962

06/23/2025

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

06/20/2025

Restricted Stock Vesting

Issuer

10330

06/20/2025

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

David Bennett
6200 Paseo Padre Parkway
Fremont CA 94555

Class A

04/02/2025

5637

242867.33

David Bennett
6200 Paseo Padre Parkway
Fremont CA 94555

Class A

05/13/2025

9801

539055.00

David Bennett
6200 Paseo Padre Parkway
Fremont CA 94555

Class A

05/22/2025

2772

147947.18

David Bennett
6200 Paseo Padre Parkway
Fremont CA 94555

Class A

05/28/2025

31654

1752175.52

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)

Source:

FAQ

How many NXT shares are being sold by the insider according to the June 2023 Form 144?

According to the Form 144 filing, the insider plans to sell 10,330 shares of Nextracker Inc. (NXT) Class A common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $591,290.23.

What is the trading history of NXT insider David Bennett in the past 3 months?

David Bennett made four previous sales of NXT Class A shares: 1) 5,637 shares on April 2, 2025 ($242,867.33), 2) 9,801 shares on May 13, 2025 ($539,055.00), 3) 2,772 shares on May 22, 2025 ($147,947.18), and 4) 31,654 shares on May 28, 2025 ($1,752,175.52).

How did the NXT insider acquire the shares being sold?

The shares were acquired through Restricted Stock Vesting from the issuer (Nextracker Inc.) on June 20, 2025, as part of compensation. The filing indicates 10,330 shares were acquired through this vesting event.

What is the total number of NXT shares outstanding according to the Form 144?

According to the Form 144 filing, Nextracker Inc. (NXT) has 146,263,962 shares outstanding as of the filing date June 28, 2025.

When is the planned sale date for the NXT shares in this Form 144?

The Form 144 indicates the approximate date of sale for the 10,330 NXT shares is June 23, 2025, to be executed on the NASDAQ exchange through Fidelity Brokerage Services LLC.

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[144] Nextracker Inc. SEC Filing

144: Filer Information

Submission Contact Information

144: Issuer Information

144: Securities Information

144: Securities To Be Sold

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

ATTENTION:

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

FAQ

How many NXT shares are being sold by the insider according to the June 2023 Form 144?

What is the trading history of NXT insider David Bennett in the past 3 months?

How did the NXT insider acquire the shares being sold?

What is the total number of NXT shares outstanding according to the Form 144?

When is the planned sale date for the NXT shares in this Form 144?

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[144] Nextracker Inc. SEC Filing

144: Filer Information

Submission Contact Information

144: Issuer Information

144: Securities Information

144: Securities To Be Sold

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

ATTENTION:

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

FAQ

How many NXT shares are being sold by the insider according to the June 2023 Form 144?

What is the trading history of NXT insider David Bennett in the past 3 months?

How did the NXT insider acquire the shares being sold?

What is the total number of NXT shares outstanding according to the Form 144?

When is the planned sale date for the NXT shares in this Form 144?

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