v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 31, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
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 or terminated 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
TerminationDecember 3, 2025X
Up to 486,206 shares(3)
March 12, 2027
Dan Shugar, CEO
Adoption
December 3, 2025X
Up to 659,268 shares(3)
December 11, 2026
Nicholas (Marco) Miller, COO
Adoption
December 12, 2025X
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.
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
Nicholas (Marco) Miller [Member]  
Trading Arrangements, by Individual  
Name Nicholas (Marco) Miller
Title COO
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2025
Expiration Date March 12, 2027
Arrangement Duration 455 days
Aggregate Available 163,979
Dave Bennett [Member]  
Trading Arrangements, by Individual  
Name Dave Bennett
Title CAO
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2025
Expiration Date March 12, 2027
Arrangement Duration 455 days
Aggregate Available 182,564
Dan Shugar March 2027 Plan [Member] | Dan Shugar [Member]  
Trading Arrangements, by Individual  
Name Dan Shugar
Title CEO
Rule 10b5-1 Arrangement Terminated true
Termination Date December 3, 2025
Expiration Date March 12, 2027
Aggregate Available 486,206
Dan Shugar December 2026 Plan [Member] | Dan Shugar [Member]  
Trading Arrangements, by Individual  
Name Dan Shugar
Title CEO
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 3, 2025
Expiration Date December 11, 2026
Arrangement Duration 373 days
Aggregate Available 659,268