NextNav NN insider Samberg sells stock and 400K-share call options
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insights
Large insider sales and option exit remove a former 10% owner from that status.
The disclosure shows that Joseph D. Samberg, previously reported as a 10% owner of NextNav Inc. (NN), executed sizeable transactions in both common stock and derivative securities. On 11/13/2025, associated entities sold a total of 600,000 shares of common stock at $12.35 per share, reported as sales by a revocable trust and by JDS TMT, LP. These holdings are reported as indirectly owned, reflecting use of multiple trusts and entities, and the filing notes that beneficial ownership is disclaimed beyond Samberg’s pecuniary interest.
On 11/14/2025, a call option position covering 400,000 underlying shares of common stock, with a $20 exercise price and 06/18/2026 expiration, was sold, leaving 0 of these derivative securities beneficially owned. A footnote explains that the options expiring on June 18, 2026 were acquired in a series of transactions and were immediately exercisable from purchase until expiration.
The remarks section states that the exit box is checked because, after selling the 600,000 shares of common stock and the call options on 400,000 shares, Samberg is no longer a 10% owner. This represents a governance and ownership-structure change, although the filing does not quantify these holdings relative to total shares outstanding, so the broader impact depends on overall company float and other large holders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Call Option (Right to Buy) | 4,000 | $2.095 | $8K |
| Sale | Common Stock | 540,000 | $12.35 | $6.67M |
| Sale | Common Stock | 60,000 | $12.35 | $741K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The call options expiring on June 18, 2026 were acquired in a series of transactions. These options were all immediately exercisable from the applicable date of purchase until their expiration. The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.05 to $2.20, inclusive. The reporting person undertakes to provide to NextNav Inc., any security holder of NextNav Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
