Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 168

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 168
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 evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were effective as of December 31, 2024.

Management Report on Internal Control Over Financial Reporting; Attestation Report of Registered Public Accounting Firm

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act. Management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, assessed the effectiveness of our internal control over financial reporting as of December 31, 2024 based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. As a result of this assessment, management concluded that, as of December 31, 2024, our internal control over financial reporting was effective in providing reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

This Annual Report on Form 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.

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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