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

Reporting relationship: General Counsel
Issuer ticker: NN
Reported as of: 15 Mar 2024
Net transaction value: -$46,774
SEC form: 4
Accepted by SEC: 19 Mar 2024, 17:37:53 UTC
Prior SEC filing: 02 Feb 2024
Next SEC filing: 19 Nov 2024
Source filing: View source filing
Reporting owner signature: /s/ Christian Gates by power of attorney

Key filing fact

Robert Lantz filed Form 4 for NEXTNAV INC. (NN) on 19 Mar 2024.

Key facts

This page summarizes Robert Lantz's Form 4 filing for NEXTNAV INC. (NN).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Mar 2024, 17:37.

Change

Previous filing in this sequence was filed on 02 Feb 2024.
Current net transaction value: -$46,774.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NN transaction

Common Stock

Award

Transaction value: $0
Shares: +20,626
Change %: +47%
Price: $0.000000
Shares after: 64,969
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

NN transaction

Common Stock

Award

Transaction value: $0
Shares: +34,240
Change %: +53%
Price: $0.000000
Shares after: 99,209
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F2

NN transaction

Common Stock

Sale

Transaction value: $37,122
Shares: -8,776
Change %: -8.8%
Price: $4.23
Shares after: 90,433
Date: 18 Mar 2024
Ownership: Direct
Footnotes: F3, F4

NN transaction

Common Stock

Sale

Transaction value: $9,652
Shares: -2,032
Change %: -2.2%
Price: $4.75
Shares after: 88,401
Date: 19 Mar 2024
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NN transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +53,848
Change %: +84%
Price: $0.000000
Shares after: 117,693
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 53,848
Exercise price: $4.68
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Represents a bonus grant of restricted stock units (the "RSUs"). 100% of the RSU's vested on March 15, 2024 (grant date).

Footnote 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.

Footnote F3

Represents the number of shares that had been sold to satisfy tax obligation upon vesting of the restricted stock units ("RSU").

Footnote 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.

Footnote 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.