Nextpower Inc.
For the period ended Dec 31, 2025. Filed Jan 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Jan 30, 2026
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Item 5. Other Information
Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements
During the three-month period ended December 31, 2025, certain of our officers or directors listed below adopted orterminated trading arrangements for the purchase or sale of shares of our Class A common stock in amounts and prices determined in accordance with a formula set forth in each such plan:
| Name and Title | Action | Date | Rule 10b5-1(1) | Non- Rule 10b5-1(2) | Aggregate Number of Securities/Total Dollar Value to be Purchased | Aggregate Number of Securities/Total Dollar Value to be Sold | Expiration |
|---|---|---|---|---|---|---|---|
| Dan Shugar, CEO | Termination | December 3, 2025 | X | Up to 486,206 shares(3) | March 12, 2027 | ||
| Dan Shugar, CEO | Adoption | December 3, 2025 | X | Up to 659,268 shares(3) | December 11, 2026 | ||
| Nicholas (Marco) Miller, COO | Adoption | December 12, 2025 | X | Up to 163,979 shares(3) | March 12, 2027 | ||
| Dave Bennett, CAO | Adoption | December 12, 2025 | X | Up to 182,564 shares(3) | March 12, 2027 | ||
(1)Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
(2)Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
(3)Subject to minimum selling price thresholds established by the individual. Includes 398,571 performance options for Mr. Shugar, 132,381 performance options for Mr. Miller, and 119,048 performance options for Mr. Bennett, in each case the future vesting of which is contingent upon continuous service and achievement of certain Nextpower equity valuation growth rate conditions and which, if vesting occurs, must be exercised by March 15, 2027 or such options terminate.
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