NEXTNAV (NN) director Bandel Carano awarded 7,550 restricted shares in Form 4

Rhea-AI Filing Summary

CARANO BANDEL L reported acquisition or exercise transactions in this Form 4 filing.

NEXTNAV INC. director Bandel L. Carano reported receiving a grant of 7,550 shares of common stock as restricted shares. The award was granted at no cash purchase price and is part of the director’s equity compensation rather than an open-market transaction.

According to the terms, 100% of these restricted shares will vest on May 1, 2027, as long as the director continues in service through that date. After this grant, Carano’s direct holdings total 188,568 shares of NEXTNAV common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CARANO BANDEL L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,550	$0.00	--

Holdings After Transaction: Common Stock — 188,568 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted share grant: 7,550 shares Holdings after grant: 188,568 shares Grant price: $0.0000 per share +1 more

4 metrics

Restricted share grant 7,550 shares Common Stock award reported on May 21, 2026

Holdings after grant 188,568 shares Director Bandel L. Carano direct ownership post-transaction

Grant price $0.0000 per share Equity compensation, not open-market purchase

Vesting date May 1, 2027 100% of restricted shares vest if service continues

Key Terms

restricted shares, vesting, grant, award, or other acquisition

3 terms

restricted shares financial

"Represents a grant of restricted shares (the "Restricted Shares")."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

vesting financial

"100% of the Restricted Shares shall vest on May 1, 2027."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CARANO BANDEL L

(Last) (First) (Middle)

11911 FREEDOM DR.

STE. 200

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEXTNAV INC. [ NN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A		7,550(1)	A	$0	188,568	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted shares (the "Restricted Shares"). Subject to the Reporting Person's continued service through the applicable vesting date, 100% of the Restricted Shares shall vest on May 1, 2027.

	/s/ James Black by power of attorney	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NEXTNAV INC. (NN) director Bandel Carano report?

Director Bandel L. Carano reported an equity award of 7,550 restricted shares of NEXTNAV common stock. This is a compensation-related grant, not an open-market purchase, and increases his direct share holdings as part of the company’s standard incentive structure.

How many NEXTNAV (NN) shares does Bandel Carano hold after this Form 4 grant?

Following the reported grant, Bandel L. Carano directly holds 188,568 shares of NEXTNAV common stock. This total includes the newly awarded 7,550 restricted shares and reflects his updated ownership position disclosed in the Form 4 insider filing.

What are the vesting terms of Bandel Carano’s restricted share grant at NEXTNAV (NN)?

The 7,550 restricted shares granted to Bandel L. Carano will vest 100% on May 1, 2027. Vesting is conditioned on his continued service through that date, meaning he must remain in his director role for the award to fully vest.

Was cash paid for the restricted shares granted to NEXTNAV (NN) director Bandel Carano?

No cash was paid for the 7,550 restricted shares granted to Bandel L. Carano. The Form 4 shows a price per share of $0.0000, indicating this was an equity compensation grant rather than a market purchase requiring cash outlay.

Is Bandel Carano’s Form 4 transaction in NEXTNAV (NN) a buy or compensation grant?

The Form 4 reports a compensation grant, not a market buy. The transaction code is “A” for a grant or award, and the filing describes 7,550 restricted shares issued at no purchase price as part of Carano’s director compensation package.