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

Role
Chief Financial Officer
Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
15 Mar 2024
Net transactions value
-$123,550
Form type
4
Filing time
19 Mar 2024, 17:37:32 UTC
Previous filing
19 Sep 2023
Next filing
15 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Award $0 +24,091 +3.1% $0.000000 790,789 15 Mar 2024 Direct F1
transaction NN Common Stock Award $0 +88,235 +11% $0.000000 879,024 15 Mar 2024 Direct F2
transaction NN Common Stock Sale $123,550 -29,208 -3.3% $4.23 849,816 18 Mar 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 +138,761 +34% $0.000000 549,126 15 Mar 2024 Common Stock 138,761 $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.