Christian Gates - Mar 15, 2024 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
Chief Financial Officer
Signature
/s/ Christian Gates by power of attorney
Stock symbol
NN
Transactions as of
Mar 15, 2024
Transactions value $
-$123,550
Form type
4
Date filed
3/19/2024, 05:37 PM
Previous filing
Sep 19, 2023
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Award $0 +24.1K +3.14% $0.00 791K Mar 15, 2024 Direct F1
transaction NN Common Stock Award $0 +88.2K +11.16% $0.00 879K Mar 15, 2024 Direct F2
transaction NN Common Stock Sale -$124K -29.2K -3.32% $4.23 850K Mar 18, 2024 Direct F3

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 +139K +33.81% $0.00 549K Mar 15, 2024 Common Stock 139K $4.68 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bonus grant of restricted stock units (the "RSUs"). 100% of the RSU's vested on March 15, 2024 (grant date).
F2 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, 2025, and 1/16 of the RSUs shall vest at the end of each consecutive three-month period thereafter.
F3 Represents the number of shares that had been sold to satisfy tax obligation upon vesting of the restricted stock units ("RSU").
F4 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, 2025, and 1/16 of the Options shall vest at the end of each consecutive three-month period (quarterly) thereafter.