Nextnav Inc SEC Filings

NextNav Inc. (NN) reported an insider stock purchase by a director and 10% owner, Joseph Samberg. On 11/21/2025, an indirect account, The Joseph D. Samberg Revocable Trust, purchased 58,457 shares of NextNav common stock at a weighted average price of $11.86 per share, through multiple trades between $11.64 and $12.09.

Following this transaction, the trust is shown as beneficially owning 9,745,600 shares indirectly, with additional indirect holdings listed for several related entities and family trusts, each reported separately. The filing notes that Samberg disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

NextNav Inc. (NN) director Joseph D. Samberg reported his initial beneficial ownership of the company’s securities as of 11/21/2025. He indirectly holds 9,687,143 shares of common stock through The Joseph D. Samberg Revocable Trust, plus 1,000,000 shares through The Joe & Sandy Samberg Foundation, Inc. and additional blocks ranging from 100,000 to 760,000 shares through several other entities and family trusts.

Samberg also reports warrants to buy 1,400,000 shares of common stock held via The Joseph D. Samberg Revocable Trust and warrants to buy 100,000 shares via JDS TMT, LP, all exercisable from 11/13/2025 and expiring on 10/28/2026 at an exercise price of $11.5 per share. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

NextNav Inc. (NN) reported an insider stock sale by its Chief Operating Officer. On 11/18/2025, the executive sold 12,189 shares of common stock at a price of $12.78 per share in an open-market transaction. After this trade, the officer beneficially owned 131,251 shares directly.

The transaction was made under a pre-arranged Rule 10b5-1 trading plan adopted on August 19, 2025, which is designed to allow insiders to sell shares according to a preset schedule. The filing states that the proceeds from this sale are intended to satisfy tax withholding obligations related to the vesting of underlying equity awards.

NextNav Inc. insider Joseph D. Samberg reported significant sales of common stock and options, ending his status as a 10% owner. On 11/13/2025, entities associated with him sold 600,000 shares of NextNav common stock in two transactions at a price of $12.35 per share through The Joseph D. Samberg Revocable Trust and JDS TMT, LP. After these sales, various trusts and related entities still held several million shares indirectly in aggregate, with each position reported separately.

In addition, on 11/14/2025, a call option position representing 400,000 underlying shares of common stock with an exercise price of $20 and expiring on 06/18/2026 was sold, leaving no derivative securities of this type beneficially owned. The filing notes that the exit box is checked because, following the sale of these 600,000 shares and the call options on 400,000 shares, Samberg is no longer a 10% owner of NextNav.

NextNav Inc. (NN) director Joseph D. Samberg filed an initial ownership report as a Section 16 reporting person. He reports indirect beneficial ownership of multiple blocks of NextNav common stock, including 10,200,000 shares held by The Joseph D. Samberg Revocable Trust, 1,000,000 shares held by The Joe & Sandy Samberg Foundation, Inc., and additional positions through several family-related entities and trusts.

Samberg also reports derivative securities, including warrants exercisable into 900,000 and 100,000 shares of common stock at an exercise price of $11.5 per share until 10/28/2026, and call options over 250,000 shares at $12 per share until 03/20/2026 and 400,000 shares at $20 per share until 06/18/2026. The filing notes that he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

NextNav Inc. reported a small quarterly net income of $483 thousand for the three months ended September 30, 2025, driven by non-cash fair value gains, while its core operations remained loss-making. Revenue was $887 thousand and operating loss was $19,865 thousand. Results benefited from a $18,774 thousand gain from the change in fair value of a derivative liability and a $4,801 thousand gain from warrants, which offset interest expense.

Liquidity strengthened: cash and cash equivalents plus marketable securities totaled $167.6 million as of September 30, 2025, following the issuance of $190 million 5.00% Senior Secured Convertible Notes due 2028 and the redemption of prior 2026 notes, which produced a $14,434 thousand extinguishment loss year-to-date. Long-term debt rose to $230,124 thousand, and stockholders’ equity moved to a deficit of $22,118 thousand. The company closed its purchase of 128 M‑LMS licenses, issuing 1,194,820 shares for $20.4 million, lifting indefinite‑lived intangibles to $36,443 thousand. Management states current liquidity is expected to cover needs beyond the next 12 months.

NextNav Inc. (NN) furnished an Item 2.02 current report announcing it issued a press release with financial results for the three and nine months ended September 30, 2025. The full press release is included as Exhibit 99.1 and is incorporated by reference. The company noted this information is furnished and not deemed filed under the Exchange Act.

NextNav Inc. (NN) amended its agreement with AT&T Services, Inc., extending the term to October 28, 2028. The amendment covers the Equipment, Network Colocation and Installation Agreement that supports NextNav’s Pinnacle network operations, which are primarily used for public safety applications such as enhanced E911 and operate in partnership with AT&T’s FirstNet initiative.

The prior expiration was October 7, 2026; the new term adds roughly two years. The company states no operational, financial, or other terms were changed. Pinnacle altitude stations remain co-located at AT&T wireless sites, leveraging site power and backup systems, with connectivity currently provided by AT&T.