NEXTNAV insider sale: 1,252 shares disposed under 10b5-1 plan; $13.74 price

Rhea-AI Filing Summary

Christian D. Gates, an officer serving as Chief Financial Officer of NEXTNAV INC. (NN), reported a sale of 1,252 shares of the company's common stock executed on 08/11/2025 at a price of $13.74 per share. After the transaction, Gates continues to beneficially own 834,458 shares in a direct ownership form.

The filing states the sale was made under a pre-established Rule 10b5-1 sales plan adopted by the reporting person and that proceeds were intended to satisfy tax withholding obligations tied to the vesting of underlying equity awards. The disclosure indicates a routine, planned disposition rather than an ad-hoc sale.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating the transaction was pre-arranged and reduces concerns about opportunistic insider trading.
• Substantial continuing ownership of 834,458 shares remains after the sale, showing ongoing insider alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine 10b5-1 sale; small volume relative to holdings, limited market impact.

The sale of 1,252 shares at $13.74, leaving 834,458 shares held directly, is consistent with a pre-arranged Rule 10b5-1 plan and intended for tax withholding.

This reduces the likelihood the trade signals negative private information; the absolute size of the disposition appears modest relative to the remaining stake, so immediate valuation impact is likely minimal.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance best practices; use of a 10b5-1 plan enhances transparency.

Reporting the sale and the stated purpose (tax withholding on vested awards) demonstrates adherence to structured insider-trading policies. Continued direct ownership of 834,458 shares suggests retained alignment with shareholder interests.

No indication of unusual trading timing is present given the plan-based sale; this is a routine insider liquidity event documented appropriately.

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^*

Gates Christian D.

(Last) (First) (Middle)

11911 FREEDOM DR.

STE. 200

(Street)

RESTON VA 20190

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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

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

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

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	08/11/2025		S(1)		1,252	D	$13.74	834,458	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. This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on August 30, 2024 and the proceeds are intended to be used to satisfy tax withholding obligations in connection with the vesting of the underlying equity awards.

	/s/ Christian Gates	08/12/2025
	** 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.

FAQ

What did NEXTNAV INC. (NN) reporting person Christian D. Gates sell?

The filing shows a sale of 1,252 shares of common stock executed on 08/11/2025.

At what price were the shares sold in the Form 4?

The shares were sold at a price of $13.74 per share.

Why was the sale made according to the filing?

The sale was effected under a pre-established Rule 10b5-1 sales plan and the proceeds were intended to satisfy tax withholding obligations related to vesting awards.

How many NEXTNAV shares does Christian D. Gates own after the sale?

Following the reported transaction, Gates beneficially owns 834,458 shares in a direct ownership form.

What is Christian D. Gates' role at NEXTNAV as reported on the Form 4?

The Form 4 identifies the reporting person as an Officer with the title Chief Financial Officer.