Ganesh Pattabiraman - 21 Nov 2023 Form 4 Insider Report for NEXTNAV INC. (NN)

Signature
/s/ Christian Gates by power of attorney
Issuer symbol
NN
Transactions as of
21 Nov 2023
Net transactions value
-$373,361
Form type
4
Filing time
24 Nov 2023, 14:00:39 UTC
Previous filing
19 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NN Common Stock Sale $103,725 -22,500 -1.2% $4.61 1,902,055 21 Nov 2023 Direct F1
transaction NN Common Stock Sale $269,636 -62,128 -3.3% $4.34 1,839,927 22 Nov 2023 Direct F1
holding NN Common Stock 627,995 21 Nov 2023 By Trust 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 Represents common stock held by the Ganesh M Pattabiraman Family Trust of which Ganesh Pattabiraman and Amuradha Srikantan are the trustees.