Sammaad Shams - 19 Dec 2024 Form 4 Insider Report for NEXTNAV INC. (NN)

Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
19 Dec 2024
Transactions value $
-$1,687
Form type
4
Filing time
19 Dec 2024, 17:27:16 UTC
Previous filing
18 Dec 2024
Next filing
18 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Sale -$1,687 -102 -0.17% $16.54 60,695 19 Dec 2024 Direct F1
* 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 the number of shares that had been sold to satisfy tax obligation upon vesting of the restricted stock units ("RSU"). This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on August 30, 2024.