NextNav accounting chief sells 430 shares at $14.79
NextNav’s Chief Accounting Officer sold 430 NN shares under a Rule 10b5-1 plan to cover tax withholding on vesting equity awards.
Rhea-AI Filing Summary
NEXTNAV INC. (NN) reported that Chief Accounting Officer Shams Sammaad sold 430 shares of common stock on September 16, 2026 at a weighted average price of $14.79 per share. The sale was made under a Rule 10b5-1 sales plan, and proceeds are intended to satisfy tax withholding obligations from vesting equity awards. Following this transaction, Sammaad held 70,514 shares directly.
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Insider Trade Summary 10b5-1
Net Seller: 430 shares
Net Sell
1 txn
Insider
Shams Sammaad
Role
Chief Accounting Officer
Sold
430 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 430 | $14.79 | $6K |
Holdings After Transaction:
Common Stock — 70,514 shares (Direct)
Footnotes (2)
- F1. This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on March 30, 2026 and the proceeds are intended to be used to satisfy tax withholding obligations in connection with the vesting of the underlying equity awards.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.79 to $14.79 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.
Key Figures
Shares sold: 430 shares
Sale price (weighted average): $14.79 per share
Shares owned after transaction: 70,514 shares
+2 more
5 metrics
Shares sold
430 shares
Common stock sale by Chief Accounting Officer on September 16, 2026
Sale price (weighted average)
$14.79 per share
Common stock sold in multiple transactions within a $14.79–$14.79 range
Shares owned after transaction
70,514 shares
Direct holdings of Chief Accounting Officer after the sale
Total shares sold in filing
430 shares
Net shares sold across all reported transactions in this Form 4
Rule 10b5-1 plan adoption date
March 30, 2026
Date the sales plan governing this transaction was adopted
Key Terms
Rule 10b5-1 sales plan, weighted average price, tax withholding obligations
3 terms
Rule 10b5-1 sales plan regulatory
"This sale was effected pursuant to a Rule 10b5-1 sales plan adopted"
weighted average price financial
"The reported price is a weighted average price. These shares were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"proceeds are intended to be used to satisfy tax withholding obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the NN insider sale by Shams Sammaad made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 sales plan adopted by Shams Sammaad on March 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.