Arun Raghupathy - 21 Nov 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
21 Nov 2023
Net transactions value
-$181,944
Form type
4
Filing time
24 Nov 2023, 14:00:37 UTC
Previous filing
19 Sep 2023
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Sale $103,264 -22,400 -2.1% $4.61 1,060,764 21 Nov 2023 Direct F1
transaction NN Common Stock Sale $78,680 -18,129 -1.7% $4.34 1,042,635 22 Nov 2023 Direct F1
* 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").