NXT Nextpower Inc.
Price Chart
Executive Summary
Director Howard Wenger filed Form 144 to sell 9,051 Class A shares (~$1.1M) on May 22, 2026. The shares were acquired on May 21 via restricted stock vesting, making this a routine plan-based sale to cover taxes / diversification — not a discretionary insider reduction.
Actionable Insight
Do not read this as insider concern. This is a standard net-share-settlement Form 144 triggered by vesting of restricted stock units — the shares are sold automatically to cover withholding taxes, not a discretionary exit. The absence of any open-market sale filings on Form 4 by other insiders (none noted in 30-day snapshot) supports this interpretation. No trading signal.
Key Facts
- Howard Wenger (officer & director) intends to sell 9,051 shares of Class A common stock
- Estimated proceeds: ~$1,095,352 (~$121/share based on ~$18.2B market cap)
- Shares were acquired May 21, 2026 via restricted stock vesting (compensation)
- Sale is attributed to Fidelity Brokerage Services LLC as agent
- The filing is purely administrative (net-share-settlement tax withholding / diversification after vesting)
Financial Impact
Proposed sale of ~$1.1M; a small fraction of Wenger's total holdings (he held >$47M across four prior vesting batches in late April 2026 alone)
Risk Factors
- None material — the sale is mandatory tax-withholding, not predictive
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-003906 |
| Document: 0001959173-26-003906-index.html | 0001959173-26-003906 |
| Document: 0001959173-26-003906.txt | 0001959173-26-003906 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 23, 2026
1d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
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May 22, 2026
1d ago
|
144
| $130.01 awaiting T+5 | awaiting T+5 | — | $130.50 (+0.38%) |
|
May 22, 2026
1d ago
|
144
| $130.19 awaiting T+5 | awaiting T+5 | — | $130.50 (+0.24%) |
|
May 22, 2026
1d ago
|
144
| $130.06 awaiting T+5 | awaiting T+5 | — | $130.50 (+0.34%) |
|
May 22, 2026
1d ago
|
144
| $129.67 awaiting T+5 | awaiting T+5 | — | $130.50 (+0.64%) |
|
May 22, 2026
1d ago
|
144
| $127.44 awaiting T+5 | awaiting T+5 | — | $130.50 (+2.40%) |
|
May 21, 2026
2d ago
|
144
| $122.57 awaiting T+5 | awaiting T+5 | — | $130.50 (−6.47%) |
|
May 20, 2026
3d ago
|
144
| $126.40 awaiting T+5 | awaiting T+5 | — | $130.50 (−3.24%) |
|
May 20, 2026
3d ago
|
144
| $124.78 awaiting T+5 | awaiting T+5 | — | $130.50 (+4.58%) |
|
May 19, 2026
4d ago
|
144
| — | awaiting T+5 | — | — |
US Market Status
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