NXTNextpower Inc. · Insider ownership research

Nextpower Inc. insiders sold $52.6M in the past 12 months. How much of their stake is that?

Insiders sold $52.6M in the past 12 months.94% was sold under disclosed trading plans, 6% with no plan disclosed. The largest seller, Daniel Shugar (Chief Executive Officer, Director), sold $25.1M. 29% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026

$3.0M

sold with no plan disclosed, past 12 months

94%

of sales were under disclosed trading plans, past 12 months

9 of 15

officers and directors sold shares, past 12 months

Latest filing: Filed Sep 2 for a sale on Sep 1. Charles Boynton sold 4.5K shares ($360K) under a disclosed plan. Filing

SEC ownership filings: 67 filed in the 12 months to Oct 13, 2026; 237 on record since Feb 9, 2023 · See the evidence

What stands out

William Watkins sold $1.5M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Nov 18, 2025

A share of stake is shown for 0 of the 9 officers and directors who sold. 15 are left out

i

Left out: Daniel Shugar, Howard Wenger, Bruce Ledesma, Nicholas Miller, David Bennett, Willy Shih, William Watkins, Charles Boynton, Brandi Thomas, Julia Blunden, Jeffrey Guldner, Mark Menezes, Monica Karuturi, Robert Vinje and Lindsey Wiedmann (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Daniel Shugar

Chief Executive Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$25.1MDisclosed plan

Howard Wenger

President, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$12.5MDisclosed plan

Nicholas Miller

Chief Operating Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$6.6MDisclosed plan

David Bennett

Chief Accounting Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.0MDisclosed plan

Charles Boynton

Chief Financial Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$1.9MDisclosed plan

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 1, 2026Charles Boynton sold 4.5K shares ($360K) under a disclosed trading plan.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Charles Boynton Chief Financial Officer	4,500	$79.98	n/a	n/a	Sep 1, 2026	Sep 2, 2026

Common questions

Is the Nextpower Inc. CEO selling stock?

Yes. Daniel Shugar sold 241K shares ($25.1M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Nextpower Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 94% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 6% had no disclosed plan. A trading plan schedules sales in advance.

Are any Nextpower Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Daniel Shugar Chief Executive Officer, Director	$25.1M 241K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Howard Wenger President, Director	$12.5M 99K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Nicholas Miller Chief Operating Officer	$6.6M 47K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
David Bennett Chief Accounting Officer	$3.0M 34K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Charles Boynton Chief Financial Officer	$1.9M 18K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
William Watkins Director	$1.5M 15K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Julia Blunden Director	$861K 9.7K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Brandi Thomas Director	$677K 7.4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Bruce Ledesma Chief Legal & Compliance Ofc	$438K 3.2K shares	Not confirmed share of stake is being verified. Why	Disclosed plan

The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Daniel Shugar

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Daniel Shugar are complete.

Chief Executive Officer, Director

n/a

−241K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Daniel Shugar

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Daniel Shugar are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
233,571	$21.00	Mar 15, 2027	$13.8M
102,019	$47.05	May 21, 2034	$3.4M
76,923	$56.05	May 23, 2035	$1.8M

Estimate: options held × ($79.98 − strike price), using the most recent insider trade price on Form 4 (Sep 1, 2026), not a market close.

Howard Wenger

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Howard Wenger are complete.

President, Director

n/a

−99K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Howard Wenger

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Howard Wenger are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
85,016	$47.05	May 21, 2034	$2.8M
38,461	$56.05	May 23, 2035	$920K

Estimate: options held × ($79.98 − strike price), using the most recent insider trade price on Form 4 (Sep 1, 2026), not a market close.

Bruce Ledesma

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Bruce Ledesma are complete.

Chief Legal & Compliance Ofc

n/a

−3.2K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Bruce Ledesma

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Bruce Ledesma are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
34,006	$47.05	May 21, 2034	$1.1M
25,641	$56.05	May 23, 2035	$614K

Estimate: options held × ($79.98 − strike price), using the most recent insider trade price on Form 4 (Sep 1, 2026), not a market close.

Nicholas Miller

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Nicholas Miller are complete.

Chief Operating Officer

n/a

−47K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Nicholas Miller

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Nicholas Miller are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
31,881	$47.05	May 21, 2034	$1.0M
24,999	$56.05	May 23, 2035	$598K

Estimate: options held × ($79.98 − strike price), using the most recent insider trade price on Form 4 (Sep 1, 2026), not a market close.

David Bennett

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Bennett are complete.

Chief Accounting Officer

n/a

−34K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for David Bennett

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Bennett are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Willy Shih

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Willy Shih are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Willy Shih

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Willy Shih are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

William Watkins

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Watkins are complete.

Director

n/a

−15K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for William Watkins

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Watkins are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Charles Boynton

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Boynton are complete.

Chief Financial Officer

n/a

−18K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Charles Boynton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Boynton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Brandi Thomas

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Brandi Thomas are complete.

Director

n/a

−7.4K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Brandi Thomas

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Brandi Thomas are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Julia Blunden

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Julia Blunden are complete.

Director

n/a

−9.7K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Julia Blunden

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Julia Blunden are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Jeffrey Guldner

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Guldner are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Jeffrey Guldner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Guldner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Mark Menezes

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Menezes are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Mark Menezes

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Menezes are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Monica Karuturi

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Monica Karuturi are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Monica Karuturi

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Monica Karuturi are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Robert Vinje

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Robert Vinje are complete.

Chief Operating Officer

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Robert Vinje

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Vinje are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Lindsey Wiedmann

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lindsey Wiedmann are complete.

Chief Legal & Compliance Off.

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Lindsey Wiedmann

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lindsey Wiedmann are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Nextpower Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$52.6M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $52.6M across 473,821 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $49.5M · 94%

6%

The lighter segment is sales with no plan disclosed in the filing ($3.0M), including tax-related sales outside a plan.

No plan disclosed · $3.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.5M of it is William Watkins. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: William Watkins, Nov 18, 2025

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Daniel Shugar Chief Executive Officer, Director	241K	$25.1M	100%	48%	Nov 17, 2025 to Aug 10, 2026
Howard Wenger President, Director	99K	$12.5M	100%	24%	May 20, 2026 to Aug 11, 2026
Nicholas Miller Chief Operating Officer	47K	$6.6M	100%	13%	May 20, 2026 to May 29, 2026
David Bennett Chief Accounting Officer	34K	$3.0M	100%	6%	Dec 11, 2025 to Dec 11, 2025
Charles Boynton Chief Financial Officer	18K	$1.9M	100%	4%	Dec 1, 2025 to Sep 1, 2026
William Watkins Director	15K	$1.5M	0%	3%	Nov 18, 2025 to Jan 30, 2026
Julia Blunden Director	9.7K	$861K	0%	2%	Aug 5, 2026 to Aug 24, 2026
Brandi Thomas Director	7.4K	$677K	0%	1%	Aug 19, 2026 to Aug 19, 2026
Bruce Ledesma Chief Legal & Compliance Ofc	3.2K	$438K	100%	0.8%	May 26, 2026 to May 26, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$5.3M	$4.4M	$0	$919K
Dec 2025	$3.4M	$3.4M	$0	$0
Jan 2026	$593K	$0	$0	$593K
Feb 2026	$0	$0	$0	$0
Mar 2026	$10.7M	$10.7M	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$21.9M	$21.9M	$0	$0
Jun 2026	$683K	$683K	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$9.7M	$8.1M	$0	$1.5M
Sep 2026	$360K	$360K	$0	$0
Oct 2026	$0	$0	$0	$0

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Nextpower Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology237 filings on record, 67 filed in the 12-month period, and how we read them

All 237 Forms 3, 4 and 5 on record for Nextpower Inc. (SEC CIK 1852131), filed from Feb 9, 2023 to Sep 2, 2026; 67 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (11)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Leah Schlesinger	Jul 1, 2024	91,254 shares, last reported balance as of Jun 30, 2024
TPG GP A, LLC	Feb 7, 2024	9,901,093 shares, last reported balance as of Feb 5, 2024
Paul Lundstrom	Jan 4, 2024	55,009 shares, last reported balance as of Jan 2, 2024
Rebecca Sidelinger	Jan 4, 2024	4,124 shares, last reported balance as of Jan 2, 2024
Michael Hartung	Jan 4, 2024	15,269 shares, last reported balance as of Jan 2, 2024
David Offer	Jan 4, 2024	41,298 shares, last reported balance as of Jan 2, 2024
FLEX LTD.	Jan 4, 2024	No balance on record
Steven Mandel	Feb 9, 2023	No balance on record
Jonathan Coslet	Feb 9, 2023	No balance on record
Christian Bauwens		No balance on record
Kyra Whitten		No balance on record

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