Christian Gates - Mar 15, 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Role: Chief Financial Officer
Signature: /s/ Christian Gates by power of attorney
Stock symbol: NN
Transactions as of: Mar 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/17/2023, 09:33 PM
Previous filing: Jan 30, 2023
Next filing: May 19, 2023
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	+139K	+23.22%	$0.00	739K	Mar 15, 2023	Direct	F1
transaction	NN	Common Stock	Award	$0	+21.7K	+2.94%	$0.00	761K	Mar 15, 2023	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	+234K	+132.59%	$0.00	410K	Mar 15, 2023	Common Stock	234K	$2.96	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, 2024, and 1/16 of the RSUs shall vest at the end of each consecutive three-month period thereafter.
F2	Represents a bonus grant of restricted stock units (the "RSUs"). 25% of the RSU's vested on March 15, 2023 (grant date). Subject to the Reporting Person's continued service, the balance vest on six months anniversary - September 15, 2023.
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, 2024, and 1/16 of the Options shall vest at the end of each consecutive three-month period (quarterly) thereafter.