[Form 3] NEXTNAV INC. Initial Statement of Beneficial Ownership
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.
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FAQ
What does the Form 3 filed for NextNav Inc. (NN) disclose about ownership?
The Form 3 discloses that Joseph D. Samberg, a director of NextNav Inc. (NN), has significant indirect beneficial ownership of the company’s common stock through various trusts, foundations, and investment entities.
How many NextNav (NN) shares are held by The Joseph D. Samberg Revocable Trust?
The filing reports that The Joseph D. Samberg Revocable Trust indirectly holds 10,200,000 shares of NextNav common stock, for which Joseph D. Samberg is the reporting person.
What other entities related to Joseph D. Samberg hold NextNav (NN) common stock?
Other indirect holdings include 1,000,000 shares held by The Joe & Sandy Samberg Foundation, Inc., 820,000 shares by JDS TMT, LP, 400,000 shares by NHW Ventures LLC, 100,000 shares by Acadia Woods Partners, LLC, and 125,000 shares each by the Zachary Abram Samberg Trust DTD 1/7/99 and the Max H Samberg Trust DTD 2/14/01.
What derivative securities linked to NextNav (NN) does Joseph D. Samberg report?
He reports warrants to buy 900,000 and 100,000 shares of NextNav common stock at $11.5 per share, expiring on 10/28/2026, and call options over 250,000 shares at $12 per share expiring on 03/20/2026 and 400,000 shares at $20 per share expiring on 06/18/2026.
When do Joseph D. Samberg’s NextNav (NN) derivative securities become exercisable?
The warrants and certain call options are listed as exercisable from 11/13/2025, while the call options expiring on 06/18/2026 were acquired in prior transactions and are described as immediately exercisable from their respective purchase dates until expiration.
Does Joseph D. Samberg fully accept beneficial ownership of all reported NextNav (NN) securities?
No. The filing states that he disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest in them.