Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 196

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 196
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 10-K does not include an attestation report of internal controls from the Company’s independent registered public accounting firm due to a transition period established by the rules of the SEC as a result of the Company’s status as an emerging growth company.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the fiscal quarter ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

41   

Item 9B. Other Information.

 Trading Plans

On November 19, 2024, Robert Lantz, former Senior Vice President, General
Counsel and Secretary, terminated a “Rule 10b5-1 trading arrangement” (as
defined in Item 408 of Regulation S-K) intended to satisfy the affirmative defense
conditions of Rule 10b5-1(c) (a “10b5-1 trading plan”) that was previously
adopted on August 14, 2024.

On November 21, 2024, Robert Lantz, former Senior Vice President, General Counsel and Secretary,
adopted a 10b5-1 trading plan. This 10b5-1 trading plan provides
for the potential sale of 40% of the gross shares of common stock to be issued to Mr. Lantz upon
the vesting and settlement of his restricted stock units (“RSUs”) with vesting
dates of February 1, 2025, March 15, 2025, May 1, 2025, June 15, 2025, August
1, 2025, September 15, 2025, November 1, 2025 and December 15, 2025. The
aggregate number of shares of common stock that will be available for sale
under this 10b5-1 plan after vesting and settlement of his RSUs is 24,346
shares. Pursuant to its terms, this
10b5-1 trading plan is expected to remain in place until the earlier of (i)
December 31, 2025 and (ii) the date on which all transactions under such plan
are completed.

 On December 23, 2024, Dr. Sanyogita Shamsunder, former Chief Operating Officer, adopted a 10b5-1 trading plan. This 10b5-1 trading
plan provides for the potential sale