Robert Lantz - 17 May 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
17 May 2023
Transactions value $
-$15,225
Form type
4
Filing time
19 May 2023, 16:40:47 UTC
Previous filing
17 Mar 2023
Next filing
21 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Sale -$14,462 -5,879 -11.1% $2.46 47,243 17 May 2023 Direct F1
transaction NN Common Stock Sale -$762 -336 -0.71% $2.27 46,907 18 May 2023 Direct F1, F2
* 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").
F2 Sale of securities through the use of a plan under Rule 10b5-1.