Daniel S. Shugar - Apr 1, 2024 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
Chief Executive Officer, Director
Signature
/s/ Philip Reuther, as attorney-in-fact for Daniel Shugar
Stock symbol
NXT
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 08:11 PM
Previous filing
Jan 18, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXT Common Stock Options Exercise +39.9K +545.43% 47.2K Apr 1, 2024 Direct F1, F2, F3
transaction NXT Common Stock Gift $0 -39.9K -84.51% $0.00 7.31K Apr 1, 2024 Direct F2, F3
transaction NXT Common Stock Gift $0 +39.9K +47.47% $0.00 124K Apr 1, 2024 By Trust F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXT Restricted Stock Units Options Exercise -39.9K -42.86% 53.2K Apr 1, 2024 Common Stock 39.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting and conversion of restricted stock units ("RSUs"), which were previously granted to the Reporting Person on April 6, 2022, into shares of the Issuer's common stock, on a one-for-one basis.
F2 Due to an inadvertent administrative error, all shareholdings of the Reporting Person were previously incorrectly reflected as being directly owned by the Reporting Person. However, all of the reported shares are indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007, that was established by the Reporting Person, for which the Reporting Person is a co-trustee and beneficiary.
F3 Represents the exempt gift of shares by the Reporting Person to the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.
F4 Reflects shares indirectly beneficially owned by the Reporting Person through the Kathleen and Daniel Shugar Family Trust, dated May 10, 2007.

Remarks:

Exhibit 24-Power of Attorney