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

Role
CEO, President & Director, Director
Signature
/s/ Christian Gates, by power of attorney
Stock symbol
NN
Transactions as of
Oct 28, 2021
Transactions value $
$0
Form type
4
Date filed
11/1/2021, 08:01 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 +975K 975K Oct 28, 2021 Direct F1
transaction NN Common Stock Award +628K +64.4% 1.6M Oct 28, 2021 By Trust F1, F2
transaction NN Common Stock Award +11.4K +0.71% 1.61M Oct 28, 2021 Direct F1, F3
* 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 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 Represents common stock held by the Ganesh M Pattabiraman Family Trust, of which Ganesh Pattabiraman and Anuradha Srikantan are the trustees.
F3 Restricted shares of common stock will vest ratably each month through December 2022.