Ganesh Pattabiraman - 15 Mar 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
Chief Executive Officer, Director
Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
15 Mar 2023
Net transactions value
$0
Form type
4
Filing time
17 Mar 2023, 21:36:44 UTC
Previous filing
31 Jan 2023
Next filing
19 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Award $0 +278,552 +16% $0.000000 2,003,635 15 Mar 2023 Direct F1
transaction NN Common Stock Award $0 +19,303 +0.96% $0.000000 2,022,938 15 Mar 2023 Direct F2
holding NN Common Stock 627,995 15 Mar 2023 By Trust F4

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 $0 +467,872 +302% $0.000000 622,916 15 Mar 2023 Common Stock 467,872 $2.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units (the "RSUs"). Subject to the Reporting Person's continued service through each of the applicable vesting dates, 1/4 of the RSUs shall vest on the one-year anniversary of March 15, 2024, and 1/16 of the RSUs shall vest at the end of each consecutive three-month period thereafter.
F2 Represents a bonus grant of restricted stock units (the "RSUs"). 25% of the RSU's vested on March 15, 2023 (grant date). Subject to the Reporting Person's continued service, the balance vest on six months anniversary - September 15, 2023.
F3 Represents a grant of stock options (the "Options"). Subject to the Reporting Person's continued service through each of the applicable vesting dates, 1/4 of the Options vested on the one-year anniversary of March 15, 2024, and 1/16 of the Options shall vest at the end of each consecutive three-month period (quarterly) thereafter.
F4 Represents common stock held by the Ganesh M Pattabiraman Family Trust of which Ganesh Pattabiraman and Amuradha Srikantan are the trustees.