NextNav (NN) CAO sells 3,412 shares under 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEXTNAV INC. Chief Accounting Officer Shams Sammaad reported two open‑market sales of common stock. On March 19, 2026, he sold 115 shares at $17.80 per share. On March 17, 2026, he sold 3,297 shares at a weighted average price of $16.8551 per share.
After these transactions, Sammaad directly holds 62,468 shares of NextNav common stock. According to a footnote, at least part of the selling activity was conducted under a pre‑arranged Rule 10b5‑1 sales plan and the proceeds are intended to cover tax withholding obligations related to vesting equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,412 shares ($57,618)
Net Sell
2 txns
Insider
Shams Sammaad
Role
Chief Accounting Officer
Sold
3,412 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 115 | $17.80 | $2K |
| Sale | Common Stock | 3,297 | $16.8551 | $56K |
Holdings After Transaction:
Common Stock — 62,468 shares (Direct)
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on August 15, 2025 and the proceeds are intended to be used to satisfy tax withholding obligations in connection with the vesting of the underlying equity awards. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.71 to $16.99 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.