Arun Raghupathy - May 17, 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
Senior Vice President
Signature
/s/ Christian Gates by power of attorney
Stock symbol
NN
Transactions as of
May 17, 2023
Transactions value $
-$105,591
Form type
4
Date filed
5/19/2023, 04:38 PM
Previous filing
Mar 17, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Sale -$10.8K -4.37K -0.39% $2.46 1.13M May 17, 2023 Direct F1
transaction NN Common Stock Sale -$94.8K -40.5K -3.59% $2.34 1.09M May 18, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares that had been sold to satisfy tax obligation upon vesting of the restricted stock units ("RSU").
F2 Sale of securities through the use of a plan under Rule 10b5-1.