Sammaad Shams - 15 Mar 2024 Form 4 Insider Report for NEXTNAV INC. (NN)

Role
Chief Accounting Officer
Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
15 Mar 2024
Net transactions value
-$57,518
Form type
4
Filing time
19 Mar 2024, 17:38:31 UTC
Previous filing
20 Dec 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 +21,055 +64% $0.000000 53,773 15 Mar 2024 Direct F1
transaction NN Common Stock Award $0 +33,818 +63% $0.000000 87,591 15 Mar 2024 Direct F2
transaction NN Common Stock Sale $56,974 -13,469 -15% $4.23 74,122 18 Mar 2024 Direct F3
transaction NN Common Stock Sale $544 -116 -0.16% $4.69 74,006 19 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 +53,184 +83% $0.000000 117,646 15 Mar 2024 Common Stock 53,184 $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.