Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 37

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 37
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ments thereafter; and (ii) 38,823 Restricted Stock Units, which vested in full on the March 15, 2024 grant date. The first of these grants was awarded as part of the Company’s long-term incentive plan, to align and reward executive performance for delivering stockholder value. The second grant represented the settlement of 50% of Ms. Sorond’s 2023 bonus in shares of our common stock. Christian Gates On March 15, 2024 , Mr. Gates received two grants of Restricted Stock Units: (i) 88,235 Restricted Stock Units, 1/ 4 of which vested on March 15, 2025 , and 1/16 of which vest quarter ly in substantially equal installments thereafter; and (ii) 24,091 Restricted Stock Units, which vested in full on the March 15, 2024 grant date . The first of these grants was awarded as part of the Company’s long-term incentive plan, to align and reward executive performance for delivering stockholder value. The second grant represented the settlement of Mr. Gates’ s 2023 bonus in shares of our common stock. Sanyogita Shamsunder, Ph.D. On May 9, 2024, as an inducement to her hiring, Dr. Shamsunder received a grant of 130,548 Restricted Stock Units. These Restricted Stock Units will vest over a four-year period, with 30% of the grant vesting on the first anniversary date of the May 9, 2024 grant date and the remaining portion of the grant vesting quarterly in substantially equal installments over the subsequent three-year period. Option Awards In March 2024 , the Compensation Committee also approved a grant of 370,031 stock options to Ms. Sorond and a grant of 138,761 stock options to Mr. Gates under the Omnibus Plan . These o ptions are subject to time-based vesting and 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 are subject to the applicable officer’s continued service as of each vesting date. 1/4 of Ms. Sorond’s option vested on November 29, 2024, and 1/16 of such option vest quarterly in substantially equal installments. 1/4 of Mr. Gates’ option vested on March