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A 10b5-1 Plan

$ Value

$0

Shares

24,999

Price

$0

Filed

May 28

Insider

Name

Miller Nicholas Marco

Title

Chief Operating Officer

CIK

0001962163

Roles

Officer

Transaction Details

Transaction Date

2025-05-23

Code

A

Table

Derivative

Ownership

Direct

Equity Swap

No

Shares After

24,999

Footnotes

Reflects an award of restricted stock units ("RSUs") granted to the Reporting Person on May 23, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest 30% on May 23, 2026, 30% on May 23, 2027, and 40% on May 23, 2028, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances. | Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions. | Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on May 21, 2024, which were initially earned upon certification by the Board of Directors of the Issuer on May 23, 2025 of the level of achievement of the financial performance metrics applicable to the PSUs for the performance period from April 1, 2024 to March 31, 2025. The PSUs remain subject to an rTSR modifier performance metric for the performance period from April 1, 2024 to March 31, 2027, pursuant to which the number of shares earned based on achievement of the financial performance metrics can be adjusted between 75% - 150%. | The amount reported herein reflects 75% of the number of PSUs earned based on achievement of the financial performance metrics, which is the minimum amount of PSUs that will be earned and eligible to vest at the end of the three-year performance period, subject generally to the Reporting Person's continued employment with the Issuer through such date. | Following the certification of the third tranche of PSUs that were granted on April 6, 2022, the PSUs settled in shares of the Issuer's common stock. | Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of PSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person. | Reflects an award of stock options to purchase shares of common stock of the Issuer granted to the Reporting Person on May 23, 2025. This option will vest and become exercisable on May 23, 2028, subject to the Reporting Person's continued service to the Issuer through the vesting date and acceleration in certain circumstances. | Reflects the third tranche of an award of PSUs, originally granted to the Reporting Person on April 6, 2022, which was earned upon the certification by the Board of Directors of the Issuer on May 23, 2025 of the level of achievement of the performance metrics applicable to the PSUs for the rTSR performance period from April 1, 2023 to March 31, 2025 and the financial performance period from April 1, 2024 to March 31, 2025.

Filing Info

Accession No.

0000950103-25-006528

Form Type

4

Issuer CIK

0001852131

Miller Nicholas Marco's History

Date Ticker Type Value
2025-07-01 NXT $51K
2025-06-25 NXT $320K
2025-06-23 NXT J $335K
2025-06-23 NXT J $299K
2025-06-21 NXT M
2025-06-21 NXT M
2025-06-12 NXT $2.8M
2025-06-12 NXT $1.3M
2025-05-28 NXT J $2.0M
2025-05-23 NXT A $0

Other Insiders at NXT (90d)

Insider Bought Sold Last
BOYNTON CHARLES D
Chief Financial Officer
$452K 2026-03-02
WATKINS WILLIAM D $593K 2026-01-30
SHUGAR DANIEL S
Chief Executive Officer
$10.3M 2026-03-09