Company: NXNVW
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001554855-25-001716
Chunk: 3

Company: NEXTNAV INC.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 5.02
Chunk 3
---
 then-current base salary, Mr. Gray is entitled to a lump sum payment, less applicable withholdings and deductions, equal to 150% of the sum of(A) his then-current base salary and (B) his target bonus for the year in which the termination date occurs. Further, the limitation on Equity Acceleration applicable in the immediately preceding paragraph shall not be applicable in this case.

There are no arrangements or understandings between Mr. Gray and any other persons pursuant to which Mr. Gray was selected to be Executive Vice President and Chief Financial Officer of the Company. There are no family relationships between Mr. Gray and any director or executive officer of the Company, and Mr. Gray has no direct or indirect interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The foregoing description of the Employment Agreement and the Confidentiality Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement and the Confidentiality Agreement, each of which will be filed with the Company’s QuarterlyReport on Form 10-Q for the fiscal quarter ended September 30, 2025.

Transition of Christian Gates to Executive Vice President of Corporate Development

Also on September 22, 2025, Christian Gates ceased serving as an executive officer and the “principal financial officer” of the Company, effective immediately, and transitioned from Chief Financial Officer to Executive Vice President of Corporate Development. Upon Mr. Gates signing a separation agreement, agreeing to a release of claims and complying with certain other continuing obligations therein, t he Company will pay Mr. Gates the amounts owed to him pursuant to his existing employment agreement.

Item 8.01 Other Events.