Company: NXNVW
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001554855-25-001716
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Company: NEXTNAV INC.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

Appointment of Timothy A. Gray as Executive Vice President, Chief Financial Officer

On September21, 2025, the Board ofD irectors(the “ Board”) of NextNav Inc. (the “ Company”) appointed Timothy A. Gray as the Executive Vice President, Chief Financial Officer of the Company and designated him as the Company’s principal financial officer, effective as of September 22, 2025(the “ StartDate”).

Prior to his appointment as Executive Vice President, Chief Financial Officer of the Company, Mr. Gray, age 55, served as Chief Financial Officer at Anterix Inc., a telecommunications company (NASDAQ: ATEX) from June 2014 to September 2025. From 2011 to 2013, Mr. Gray held multiple senior finance leader positions at MedImmune, Inc., a subsidiary of AstraZeneca, including Senior Vice President and Chief Financial Officer. Mr. Gray also served in various other finance roles at MedImmune starting in 2008. Prior to joining MedImmune, Mr. Gray served in finance positions at AOL (NYSE: AOL) and Nextel and started his career at Deloitte & Touche LLP. He is also a member of the Audit Committee of the Children’s Inn at the National Institutes of Health. Mr. Gray received a Bachelor of Business Administration in accountancy from the University of Notre Dame and is a certified public accountant.

In connection with Mr. Gray’s appointment, the Company entered into an employment agreement (the “ Employment Agreement”) with Mr. Gray. Pursuant to the terms of the Employment Agreement, Mr. Gray is entitled to an annual base salary of $450,000 and is eligible to earn an annual target bonus of 45% of his annual base salary( with his annual bonus for calendar year 2025 being pro-rated based on the Start Date). Pursuant to the Employment Agreement, the Company granted Mr. Gray the following equity awards: (i) a long-term incentive grant of restricted stock units (the “ Initial RSU Grant”) and a grant of stock options (the “ Initial Option Grant”), each valued at $1.5 million; and(ii) subject to the approval of the Board or a committee thereof, in the first quarter of 2026, a long-term incentive grant of restricted stock units (the “2026 RSU Grant”)