0001140361-23-007692.txt : 20230217 0001140361-23-007692.hdr.sgml : 20230217 20230217191118 ACCESSION NUMBER: 0001140361-23-007692 CONFORMED SUBMISSION TYPE: 3/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230209 FILED AS OF DATE: 20230217 DATE AS OF CHANGE: 20230217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHUGAR DANIEL S CENTRAL INDEX KEY: 0001425477 FILING VALUES: FORM TYPE: 3/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-41617 FILM NUMBER: 23644705 MAIL ADDRESS: STREET 1: 3939 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Nextracker Inc. CENTRAL INDEX KEY: 0001852131 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 6200 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555 BUSINESS PHONE: 510-270-2500 MAIL ADDRESS: STREET 1: 6200 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555 FORMER COMPANY: FORMER CONFORMED NAME: Nextracker LLC DATE OF NAME CHANGE: 20220215 FORMER COMPANY: FORMER CONFORMED NAME: Nextracker Inc. DATE OF NAME CHANGE: 20210318 3/A 1 form3.xml X0206 3/A 2023-02-09 2023-02-09 0 0001852131 Nextracker Inc. NXT 0001425477 SHUGAR DANIEL S C/O NEXTRACKER INC. 6200 PASEO PADRE PARKWAY FREMONT CA 94555 true true Chief Executive Officer Restricted Stock Units Common Stock 132976 D Stock Option (Right to Buy) 21 2027-03-15 Common Stock 398571 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 30% on April 1, 2023, 30% on April 1, 2024, and the remainder on April 1, 2025, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances. These stock options vest between 0% and 100% based on the Issuer's equity valuation achieving certain compounded annual growth rates in excess of an initial valuation of $3 billion over the four year period beginning April 1, 2022 and ending March 31, 2026, with the ending valuation based on the average of the Issuer's closing prices on the previous twenty (20) trading days prior to March 31, 2026, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances. This amendment to Form 3 is being filed solely to correct the Date of Event Requiring Statement in box 2 at the top of the Form, which was inadvertently reported as February 8, 2023 in the Form 3 filed by the Reporting Person on February 9, 2023 (the "Original Form 3"). Due to the technical requirements of the filing system, we are re-reporting the holdings information in Table II, however, that information remains unchanged from the Original Form 3. /s/ Leah Schlesinger, Attorney-in-Fact for Daniel Shugar 2023-02-17