Company: NXNVW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001554855-25-001955
Chunk: 10

Company: NEXTNAV INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part II, Item 3
Chunk 10
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None.

Item 4. Mine Safety Disclosures 

Not applicable.

Item 5. Other Information 

Trading Plans  On August 15, 19 and 25, 2025, respectively, each of Sammaad Shams, Chief Accounting Officer, Susan Insley, Chief Operating Officer, and Christian Gates, formerly the Company’s Chief Financial Officer, entered into a sales plan intended to constitute a Rule 10b5-1 trading arrangement, for purposes of satisfying the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act.  Each sales plan applies to previously awarded grants of time-based vesting restricted stock units (“RSUs”) and provides for the automatic sales of a specific percentage of shares following the settlement of vested RSUs in an amount sufficient to satisfy the applicable tax withholding obligation of such executive officer. The sale proceeds will be delivered to the Company in satisfaction of the withholding obligation.  In addition, the sales plan adopted by Mr. Shams provides for the potential sale of the net amount of shares remaining after sales for withholding purposes in the event the market price for Company common stock meets a certain minimum threshold price specified in in the sales plan.  His sales plan also provides for the exercise of vested stock options in the event the market price for Company common stock meets the same minimum threshold.  The maximum number of shares that could be sold under Mr. Shams’s plan pursuant to the exercise of stock options is 93,039. The exact number of shares that would be sold for withholding purposes under each of the described plans is unknown as that number will vary based on the market price of Company common stock and other factors.  The expiration dates for each sales plan are September 20, September 30 and September 21, 2026, respectively, for Mr. Shams, Ms. Insley and Mr. Gates.   No other officers (as defined in Rule 16a-1(f) of the Exchange Act) or directors adopted, amended or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (as such terms are defined in Item 408 of Regulation S-K) during the fiscal quarter ended September 30, 2025.

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