Christian Gates - Oct 28, 2021 Form 4 Insider Report for NEXTNAV INC. (NN)

Role: Chief Financial Officer
Signature: /s/ Christian Gates
Stock symbol: NN
Transactions as of: Oct 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/1/2021, 07:58 PM
Next filing: Dec 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NN	Common Stock	Award		+332K			332K	Oct 28, 2021	Direct	F1
transaction	NN	Common Stock	Award		+9.1K	+2.74%		341K	Oct 28, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NN	Stock Option (right to buy)	Award		+10.9K			10.9K	Oct 28, 2021	Common Stock	10.9K	$0.28	Direct	F3
transaction	NN	Stock Option (right to buy)	Award		+88K	+807.25%		98.9K	Oct 28, 2021	Common Stock	88K	$0.28	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated as of June 9, 2021, by and among Spartacus Acquisition Shelf Corp. (now known as NextNav Inc.), Spartacus Acquisition Corp., NextNav Holdings, LLC and the other parties thereto (the "Merger Agreement"), the Reporting Person became a reporting person of "NextNav Inc.", the as-renamed surviving corporation (the "Issuer") of the business combination, which business combination closed on October 28, 2021 (the "Business Combination"). The Reporting Person received shares of common stock of the Issuer in exchange for their holdings in NextNav Holdings, LLC as of the closing of the Business Combination.
F2	Restricted shares of common stock will vest ratably each month through December 2022.
F3	These options were originally granted on 10/21/2020 as fully vested and exercisable options to purchase 30,375 Class A common units of NextNav Holdings, LLC and were automatically converted, pursuant to the Merger Agreement, upon the closing of the Business Combination on 10/28/2021, into fully vested and exercisable options to purchase shares of common stock of the Issuer.
F4	These options were originally granted on 10/21/2020 as options to purchase 245,211 Class A common units of NextNav Holdings, LLC and were automatically converted, pursuant to the Merger Agreement, upon the closing of the Business Combination on 10/28/2021, into options to purchase shares of common stock of the Issuer. 25% of the total award vested on 10/21/2021, and the remaining award will vest in equal monthly installments over the next 36 months, subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.