Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 38

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 38
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 15, 2025, and 1/16 of such option vest quarterly in substantially equal installments thereafter. On May 9, 2024, as an inducement to her hiring, Dr. Shamsunder received a grant of 182,582 stock options. These stock options vest over a four-year period, with 30% of the grant vesting on the first anniversary of the May 9, 2024 grant date and the remaining portion of the grant vesting quarterly in substantially equal installments thereafter. These options carry a strike price that is the greater of (i) 110% of the 20-day trailing average market price, and (ii) fair market value of a share of common stock, at the time of the grant and is subject to Dr. Shamsunder’s continued service as of each vesting date.

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Other Equity Compensation Plans NextNav Inc. 2021 Employee Stock Purchase Plan (the “ESPP”) In connection with the closing of our business combination (the “Business Combination”) with Spartacus Acquisition Corporation in October 2021, we also adopted the NextNav Inc. 2021 Employee Stock Purchase Plan (the “ESPP”), in order to (i) encourage employees (including named executive officers) to acquire shares of our common stock, thereby fostering broad alignment of employees’ interests with the interests of our stockholders, (ii) foster good employee relations, and (iii) provide a tool to recruit, retain, and reward employees in an extremely competitive environment. No offering periods have been opened under the ESPP. NextNav Holdings, LLC 2011 Unit Option and Profits Interest Plan (the “2011 Plan”) Until the Business Combination, former NextNav maintained the 2011 Unit Option and Profit Interests Plan (the “2011 Plan”) in order to provide additional incentives for employees, directors and consultants of former NextNav, and to provide incentives to attract, retain and motivate eligible persons whose contributions were important to former NextNav’s success. The 2011 Plan, which was originally adopted on June 8, 2011, has subsequently been amended and restated from time to time, with the latest such amendment and restatement effective as of October 27, 2021. In connection with the completion of the Business Combination, no further awards will be granted under the 2011 Plan. However, the 2011 Plan will continue to govern the terms and conditions of the outstanding awards granted under it prior to the