NextNav Inc.'s SEC filings document its PNT and 3D geolocation business, common stock and warrant structure, governance, and material corporate events. Current reports include earnings releases, board appointments, committee assignments, and material agreements tied to Pinnacle network operations, including AT&T site colocation and connectivity arrangements.
The filings also record completed spectrum-asset acquisitions involving FCC M-LMS licenses and related capital-structure disclosures. Proxy materials cover director elections, board composition, executive and director compensation, stockholder voting matters, and annual meeting procedures.
NextNav Inc. reported fourth quarter and full year 2025 results, showing a small revenue base and significantly higher losses as it invests in its positioning, navigation, and timing platform. For 2025, revenue was $4.6 million while operating expenses reached $74.8 million, driving an operating loss of $70.2 million and a net loss of $189.3 million, or $1.42 per share.
As of December 31, 2025, NextNav held $44.8 million in cash and cash equivalents and $107.4 million in short-term investments, against $273.6 million of long-term debt and a total stockholders’ deficit of $86.2 million. The company highlighted regulatory momentum toward a potential FCC rulemaking for terrestrial 3D PNT, new board appointments, an expanded partnership with Japan’s MetCom, and initial localized operation of a 5G-powered PNT test network. A conference call for investors is scheduled for March 17, 2026.
NextNav Inc. CEO, President and Director Mariam Sorond reported two open-market sales of common stock under a pre-set Rule 10b5-1 trading plan. On March 3, 2026, she sold 24,993 shares at a weighted average price of $16.5332 and 44,860 shares at $17.1217, totaling 69,853 shares sold. The footnotes state that the plan was adopted on March 21, 2025 and that proceeds are intended to satisfy tax withholding obligations related to vesting equity awards. After these sales, she directly owned 1,270,946 shares of NextNav common stock.
NextNav Inc. reported that its Board of Directors expanded from nine to ten members and appointed Lisa Hook as a director. Her term runs until the 2026 Annual Meeting of Stockholders, when she will stand for reelection, and continues until a successor is elected and qualified.
Ms. Hook was also named the Board’s Lead Independent Director and joined the Technology and National Defense Committee and the Compensation and Human Capital Committee. For this role, she will receive an initial equity grant of approximately $75,000, an annual equity grant of approximately $175,000, and an annual cash retainer of $80,000, plus standard committee fees for non-employee directors.
Hook Lisa reported acquisition or exercise transactions in this Form 4 filing.
NEXTNAV INC. director Lisa Hook received an equity grant of 4545 shares of common stock as a restricted stock award. The shares were granted at no cash price and increase her directly held stake to 4545 shares. All of these restricted shares are scheduled to vest on February 24, 2027, assuming she continues in service through that date.
NEXTNAV INC. director Lisa Hook filed an initial statement of beneficial ownership on Form 3. This filing identifies her as a director of the company and establishes her status as an insider under SEC rules. The provided information does not list any specific stock transactions or share amounts.
NextNav Inc. received an updated ownership report from OSI Capital Management and related entities showing a sizable passive stake in the company. The reporting group, led by Black Feathers, L.P., may be deemed to beneficially own 13,260,166 shares of common stock, equal to 9.8% of the class.
This total includes 13,235,166 common shares and 25,000 warrants exercisable for 25,000 additional shares at $11.50 per share, with the warrants expiring on October 28, 2026. The ownership percentage is calculated against 134,829,088 shares outstanding as of November 3, 2025. The investors certify the holding is not for the purpose of changing or influencing control of NextNav.
The Vanguard Group reports beneficial ownership of NextNav Inc common stock. As of 12/31/2025, it beneficially owned 6,932,757 shares, representing 5.14% of the class. Vanguard reports 0 shares with sole voting power and 719,292 shares with shared voting power, while having 6,932,757 shares with shared dispositive power.
Vanguard states the holdings are acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of NextNav. It also notes an internal realignment on January 12, 2026, after which certain subsidiaries are expected to report beneficial ownership separately.
NextNav Inc. reported that its chief accounting officer sold 1,576 shares of common stock on 12/16/2025 at a weighted average price of $16.2449, with individual trades executed between $16.2350 and $16.260 per share.
The transaction was carried out under a pre-arranged Rule 10b5-1 sales plan adopted on August 15, 2025, and the proceeds are intended to satisfy tax withholding obligations related to vesting equity awards. Following this sale, the officer beneficially owns 65,995 shares of NextNav common stock directly.
NextNav Inc. (NN) reported an insider stock purchase by a director and 10% owner, Joseph Samberg. On 11/21/2025, an indirect account, The Joseph D. Samberg Revocable Trust, purchased 58,457 shares of NextNav common stock at a weighted average price of $11.86 per share, through multiple trades between $11.64 and $12.09.
Following this transaction, the trust is shown as beneficially owning 9,745,600 shares indirectly, with additional indirect holdings listed for several related entities and family trusts, each reported separately. The filing notes that Samberg disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.