Insider selling is small relative to market cap and likely liquidity-driven (10b5-1 plan, vesting, or diversification). No open-market buying to counterbalance. Given the company's strong analyst consensus (80% buy-side) and the cluster's trivial size as a fraction of float, this filing does not signal a material negative view from management. Watch the next Form 4 filing to see if the selling pattern accelerates or broadens to additional C-suite officers.
Price Chart
Executive Summary
Two C-suite insiders at Nextpower Inc. (NXT) sold a combined $4.22M in stock over a week, with the President selling $1.10M and the COO selling $3.12M. No open-market buys occurred — all other insider activity is non-cash (OTHER/O) transactions likely related to tax withholding or equity settlement.
Key Financial Metrics
Key Facts
- President Wenger sold 9,051 shares open-market at $121.02 for $1.10M on 2026-05-22
- COO Miller sold 24,500 shares open-market at $127.32 for $3.12M on 2026-05-20
- Total cluster open-market sales: ~$4.22M
- Cluster dollar value represents ~0.02% of NXT's $19.7B market cap — well below the 0.1% materiality threshold
- All other insider transactions in the 7-day window are coded as OTHER (non-cash), not open-market buys
- No open-market purchases by any insider in the cluster; net direction is selling
- 75% of analysts rate NXT as Strong Buy or Buy, with zero Sells
Financial Impact
Total open-market sales of ~$4.22M, equal to 0.02% of market cap — immaterial by percentage
Risk Factors
- If this selling precedes an earnings miss or negative guidance revision, even small insider sales could signal proximity to bad news — but no such cross-filing context was provided for this cluster
- Wider insider breadth: only two insiders sold; if three or more C-suite officers follow, the cluster becomes more concerning
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NXT-1779925690179 |
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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