A Form 4 filed on August 20, 2026 reports that Monica Karuturi, a director of Nextpower Inc. (NASDAQ:NXT), acquired 2,742 restricted stock units on August 19, 2026 at a price of $0, bringing her total beneficial ownership of common stock to 6,853 shares.

Key Highlights

  • Reporting Person: Monica Karuturi, identified as a Director of Nextpower Inc.
  • Transaction: Acquisition (Code A) of 2,742 restricted stock units on August 19, 2026 at $0 per unit.
  • Post-Transaction Ownership: 6,853 shares of common stock beneficially owned directly following the transaction.
  • Vesting Schedule: The RSUs vest on the one-year anniversary of the grant date, or if earlier, the business day immediately preceding the next annual meeting of company shareholders, subject to continued service.
  • Filing Signed: Philip Reuther, as Attorney-in-Fact for Monica Karuturi, signed the filing on August 20, 2026.

Monica Karuturi RSU Grant Details and Ownership at Nextpower Inc.

According to the Form 4 filed with the SEC on August 20, 2026, Monica Karuturi, a director of Nextpower Inc., acquired 2,742 restricted stock units on August 19, 2026. The transaction is coded "A" for acquired, and the filing reports the price as $0. The filing states that each RSU "represents a contingent right to receive one share of the Issuer's common stock."

The filing discloses that the RSUs "shall vest on the one-year anniversary of the date of grant (or, if earlier, on the business day immediately preceding the next annual meeting of Company shareholders), subject to the Reporting Person's continued service to the Issuer through the relevant vesting date." No derivative securities transactions were reported in Table II of the filing.

Following the reported transaction, the filing shows Karuturi holds 6,853 shares of Nextpower Inc. common stock as direct beneficial ownership. The form was filed by one reporting person and was signed by Philip Reuther as Attorney-in-Fact for Monica Karuturi.

What Was Disclosed

Nextpower Inc. director Monica Karuturi acquired 2,742 RSUs on August 19, 2026 at $0, as reported in a Form 4 filed August 20, 2026. Her total direct beneficial ownership of common stock following the transaction stands at 6,853 shares.