Mariam Sorond - 15 Mar 2024 Form 4 Insider Report for NEXTNAV INC. (NN)

Role: CEO, President and Director, Director
Signature: /s/ Christian Gates, by power of attorney
Issuer symbol: NN
Transactions as of: 15 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 19 Mar 2024, 17:38:12 UTC
Previous filing: 01 Dec 2023
Next filing: 05 Dec 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	+38,823	+2.6%	$0.000000	1,538,823	15 Mar 2024	Direct	F1
transaction	NN	Common Stock	Award	$0	+235,294	+15%	$0.000000	1,774,117	15 Mar 2024	Direct	F2

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	+370,031		$0.000000	370,031	15 Mar 2024	Common Stock	370,031	$4.68	Direct	F3

* 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 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.