Timothy M. Presutti - May 9, 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
10%+ Owner
Signature
/s/ Timothy M. Presutti
Stock symbol
NN
Transactions as of
May 9, 2023
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 09:44 PM
Previous filing
Aug 16, 2022

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 Common Stock Purchase Warrant Purchase +37K +5.29% 737K May 9, 2023 Common Stock 37K $2.16 By Reds Road Holdings, LLC F1, F2
transaction NN Common Stock Purchase Warrant Purchase +1.59M 1.59M May 9, 2023 Common Stock 1.59M $2.16 By WCCP NextNav Holdings LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the issuance by NextNav, Inc. (the "Issuer") of common stock purchase warrants as consideration for entering into a Note Purchase Agreement by and among the Issuer and the purchasers named therein, pursuant to which Reds Road Holdings LLC ("RRH") purchased a note for $100,000 and WCCP NextNav Holdings LLC ("WCCP") purchased a note for $4,300,000.
F2 Represents common stock purchase warrants held by RRH. Mr. Presutti is the sole member of RRH.
F3 Represents common stock purchase warrants held by WCCP, whose managing member is Woody Creek Capital Partners LLC ("Woody Creek"). Tim Presutti has sole voting and investment power over the shares held by Woody Creek. Except for possessing voting and dispositive power, the reporting person disclaims beneficial ownership of such common stock purchase warrants except to the extent of his pecuniary interest therein.