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

Role: VP - Corporate Controller
Signature: /s/ Christian Gates by power of attorney
Stock symbol: NN
Transactions as of: Mar 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/17/2023, 09:37 PM
Previous filing: Jan 25, 2023
Next filing: Mar 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NN	Common Stock	Award	$0	+22.2K	+154.1%	$0.00	36.6K	Mar 15, 2023	Direct	F1
transaction	NN	Common Stock	Award	$0	+18.3K	+50.09%	$0.00	55K	Mar 15, 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	+37.3K	+137.35%	$0.00	64.5K	Mar 15, 2023	Common Stock	37.3K	$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.