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

Role
General Counsel
Signature
/s/ Christian Gates by power of attorney
Stock symbol
NN
Transactions as of
Mar 15, 2024
Transactions value $
-$46,774
Form type
4
Date filed
3/19/2024, 05:37 PM
Previous filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Award $0 +20.6K +46.51% $0.00 65K Mar 15, 2024 Direct F1
transaction NN Common Stock Award $0 +34.2K +52.7% $0.00 99.2K Mar 15, 2024 Direct F2
transaction NN Common Stock Sale -$37.1K -8.78K -8.85% $4.23 90.4K Mar 18, 2024 Direct F3, F4
transaction NN Common Stock Sale -$9.65K -2.03K -2.25% $4.75 88.4K Mar 19, 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 +53.8K +84.34% $0.00 118K Mar 15, 2024 Common Stock 53.8K $4.68 Direct F5
* 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 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 the sale of securities for tax purpose of shares granted and immediately vesting that are not subject to the existing plan under Rule 10b5-1.
F5 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.