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