Cover
Cover - shares | 6 Months Ended | |
Sep. 29, 2023 | Oct. 31, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q/A | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 29, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-41617 | |
Entity Registrant Name | Nextracker Inc. | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 36-5047383 | |
Entity Address, Address Line One | 6200 Paseo Padre Parkway | |
Entity Address, City or Town | Fremont | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 94555 | |
City Area Code | 510 | |
Local Phone Number | 270-2500 | |
Title of 12(b) Security | Class A Common Stock, $0.0001 par value | |
Trading Symbol | NXT | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 62,096,475 | |
Entity Central Index Key | 0001852131 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | true | |
Current Fiscal Year End Date | --03-31 | |
Amendment Description | Nextracker Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to its Quarterly Report on Form 10-Q for the fiscal quarter ended September 29, 2023, which was originally filed with the Securities and Exchange Commission on November 7, 2023 (the “Original Filing”). This Amendment is being filed to revise Part II “Item 5. Other Information” by adding two additional Rule 10b5-1 trading arrangements entered into by certain of our officers during the quarter ended September 29, 2023, and by including inline eXtensible Business Reporting Language (“iXBRL”) data tagging that was inadvertently omitted from the disclosure included in the Original Filing. In addition, as required by Rule 12b-15 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment, under Item 6 hereof, pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. Since no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. The Company is also not including new certifications under Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) (Section 906 of the Sarbanes-Oxley Act of 2002), as no financial statements are being filed with this Amendment. Other than as expressly set forth herein, this Amendment does not, and does not purport to, amend, update or restate the information in Original Filing or reflect any events that have occurred after the Original Filing was made. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time as of which the Original Filing was made. No changes have been made to the financial statements of the Company as contained in the Original Filing. Accordingly, this Amendment should be read together with the Original Filing and the Company’s other filings with the SEC. |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended | 6 Months Ended |
Sep. 29, 2023 shares | Sep. 29, 2023 shares | |
Trading Arrangements, by Individual | ||
Material Terms of Trading Arrangement | During the three months ended September 29, 2023, 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 Daniel Shugar, CEO and Director Adoption September 8, 2023 X Up to $1,500,000 April 19, 2024 Bruce Ledesma, President – Strategy & Administration Adoption August 16, 2023 X Up to 12,135 shares December 31, 2024 Léah Schlesinger, General Counsel Adoption August 17, 2023 X Up to 6,964 shares (3) August 31, 2024 (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) Up to 30% of the net shares that vest on each of April 1, 2023 and April 1, 2024 upon settlement of RSUs held by the reporting person will be sold. | |
Non-Rule 10b5-1 Arrangement Adopted | false | |
Rule 10b5-1 Arrangement Terminated | false | |
Non-Rule 10b5-1 Arrangement Terminated | false | |
Daniel Shugar [Member] | ||
Trading Arrangements, by Individual | ||
Name | Daniel Shugar | |
Title | CEO and Director | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | September 8, 2023 | |
Arrangement Duration | 224 days | |
Bruce Ledesma [Member] | ||
Trading Arrangements, by Individual | ||
Name | Bruce Ledesma | |
Title | President – Strategy & Administration | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | August 16, 2023 | |
Arrangement Duration | 503 days | |
Aggregate Available | 12,135 | 12,135 |
Léah Schlesinger [Member] | ||
Trading Arrangements, by Individual | ||
Name | Léah Schlesinger | |
Title | General Counsel | |
Rule 10b5-1 Arrangement Adopted | true | |
Adoption Date | August 17, 2023 | |
Arrangement Duration | 380 days | |
Aggregate Available | 6,964 | 6,964 |