Sammaad Shams - 15 Mar 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
VP - Corporate Controller
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, 21:37:09 UTC
Previous filing
25 Jan 2023
Next filing
21 Mar 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 +22,209 +154% $0.000000 36,621 15 Mar 2023 Direct F1
transaction NN Common Stock Award $0 +18,344 +50% $0.000000 54,965 15 Mar 2023 Direct 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 $0 +37,303 +137% $0.000000 64,462 15 Mar 2023 Common Stock 37,303 $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"). 75% 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.