Monitor for any acceleration of insider sales; the Form 144 itself is routine and tax-related. Given the prior pattern of larger sales, an uptick in frequency or size could signal reduced conviction.
Price Chart
Executive Summary
Director/Officer Howard Wenger filed Form 144 to sell 9,870 shares of Class A common stock (est. $1.28M) to cover tax obligations from restricted stock vesting. The sale is small relative to prior insider sales in the past month (over 278,000 shares totaling ~$34.6M) and Nextpower's $19.6B market cap, making it a routine transaction.
Key Facts
- Howard Wenger (Officer/Director) filed Form 144 on 2026-05-26 to sell 9,870 shares of Class A common stock.
- Shares were acquired through restricted stock vesting on 2022-05-22; sale is to satisfy tax obligations.
- Estimated market value: $1,276,936.19.
- Wenger has sold ~278,733 shares in the past month (April 24–May 22, 2026) for ~$34.6M.
- Nextpower Inc. market cap: $19.6B; the proposed sale represents ~0.006% of shares outstanding.
Financial Impact
Proposed sale of $1.28M in Class A common stock; small vs. market cap.
Risk Factors
- Continued insider selling may be viewed negatively by the market.
- The company operates in semiconductors, a cyclical industry with headwinds.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-003993 |
| Document: 0001959173-26-003993-index.html | 0001959173-26-003993 |
| Document: 0001959173-26-003993.txt | 0001959173-26-003993 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Institutional Cluster | $78.89 | awaiting T+60 | — | $79.44 (+0.70%) |
Oct 23, 2026 4d ago | PTAB Trial | $76.48 | awaiting T+60 | — | $79.44 (+3.87%) |
Sep 1, 2026 8w ago | 144 | $83.07 | awaiting T+60 | — | $79.44 (+4.37%) |
Aug 24, 2026 9w ago | Insider Cluster | $84.81 | awaiting T+60 | — | $79.44 (−6.33%) |
Aug 12, 2026 10w ago | Insider Cluster | $104.55 | awaiting T+60 | — | $79.44 (−24.02%) |
Aug 11, 2026 11w ago | Insider Cluster | $103.67 | awaiting T+60 | — | $79.44 (−23.37%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (+22.81%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (−22.81%) |
Aug 10, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (+22.81%) |
Jun 22, 2026 18w ago | 144 | $120.64 $78.03 | ▼ −35.32% | ▼ −38.57% | $79.44 (−34.15%) |
US Market Status
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