Nextnav Inc SEC Filings

Selby Lorin reported acquisition or exercise transactions in this Form 4 filing.

NEXTNAV INC. director Lorin Selby reported an equity compensation grant of 7,550 shares of common stock at no cash cost. After this award, Selby holds a total of 20,704 common shares directly. According to the disclosure, these are restricted shares that vest fully on May 1, 2027, provided Selby continues in service through that date.

SUBIN NEIL S reported acquisition or exercise transactions in this Form 4 filing.

NextNav Inc. director Neil S. Subin received a grant of 7,550 shares of Common Stock as restricted shares, at a stated price of $0.00 per share. These restricted shares vest 100% on May 1, 2027, subject to his continued service through that date.

Following this grant, Subin holds 168,892 shares of Common Stock directly. An additional 2,515,213 shares are reported as indirectly held by Milfam Investments LLC; Subin is associated with this entity but disclaims beneficial ownership except for any pecuniary interest.

SUBIN NEIL S reported acquisition or exercise transactions in this Form 4 filing.

NextNav Inc. director Neil S. Subin received a grant of 7,550 shares of Common Stock as restricted shares, at a stated price of $0.00 per share. These restricted shares vest 100% on May 1, 2027, subject to his continued service through that date.

Following this grant, Subin holds 168,892 shares of Common Stock directly. An additional 2,515,213 shares are reported as indirectly held by Milfam Investments LLC; Subin is associated with this entity but disclaims beneficial ownership except for any pecuniary interest.

NextNav Inc. registers up to 15,100,000 shares of Common Stock issuable upon exercise of outstanding warrants. The warrants have an exercise price of $11.50 per share and expire on October 28, 2026. The company will receive cash proceeds from any warrant exercises and states proceeds will be used for general corporate purposes.

The prospectus notes that market price will affect exercise likelihood and discloses: 136,436,939 shares outstanding as of May 11, 2026, Nasdaq symbols NN and NNAVW, and reported closing prices on May 22, 2026 of $21.74 (Common) and $10.14 (Warrants).

NextNav Inc. registers up to 15,100,000 shares of Common Stock issuable upon exercise of outstanding warrants. The warrants have an exercise price of $11.50 per share and expire on October 28, 2026. The company will receive cash proceeds from any warrant exercises and states proceeds will be used for general corporate purposes.

The prospectus notes that market price will affect exercise likelihood and discloses: 136,436,939 shares outstanding as of May 11, 2026, Nasdaq symbols NN and NNAVW, and reported closing prices on May 22, 2026 of $21.74 (Common) and $10.14 (Warrants).

NextNav Inc. shareholder Neil S. Subin and affiliated entities have filed an amended Schedule 13D indicating they are no longer beneficial owners of more than five percent of the company’s common stock. Subin now reports beneficial ownership of 3,447,328 shares, representing 2.5% of the common stock, including direct holdings, shares held through Sufam Advisors Corp., warrants and convertible notes-related shares. MILFAM CI LLC Spartacus reports 5,488,884 shares, or 3.9%, including common stock and warrants, while MILFAM CI Management LLC reports no beneficial ownership. A Portfolio Management Agreement dated May 22, 2026, appoints Warberg Asset Management LLC as investment advisor to CI Spartacus with sole discretionary trading authority, which results in Subin and CI Management no longer being deemed beneficial owners of the CI Spartacus holdings.

NextNav Inc. shareholder Neil S. Subin and affiliated entities have filed an amended Schedule 13D indicating they are no longer beneficial owners of more than five percent of the company’s common stock. Subin now reports beneficial ownership of 3,447,328 shares, representing 2.5% of the common stock, including direct holdings, shares held through Sufam Advisors Corp., warrants and convertible notes-related shares. MILFAM CI LLC Spartacus reports 5,488,884 shares, or 3.9%, including common stock and warrants, while MILFAM CI Management LLC reports no beneficial ownership. A Portfolio Management Agreement dated May 22, 2026, appoints Warberg Asset Management LLC as investment advisor to CI Spartacus with sole discretionary trading authority, which results in Subin and CI Management no longer being deemed beneficial owners of the CI Spartacus holdings.

NextNav Inc. ownership disclosure: a group of reporting persons led by PointState/SteelMill and Zachary J. Schreiber reports shared beneficial ownership of 7,733,983 shares of Common Stock, representing 5.7% of the class as shown on the cover pages. The statement is filed jointly on behalf of SteelMill Master Fund, PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC and Mr. Schreiber.

The filing lists shared voting power and shared dispositive power of 7,733,983 shares for the reporting group and includes a joint filing agreement as Exhibit 99.1.

NextNav Inc. ownership disclosure: a group of reporting persons led by PointState/SteelMill and Zachary J. Schreiber reports shared beneficial ownership of 7,733,983 shares of Common Stock, representing 5.7% of the class as shown on the cover pages. The statement is filed jointly on behalf of SteelMill Master Fund, PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC and Mr. Schreiber.

The filing lists shared voting power and shared dispositive power of 7,733,983 shares for the reporting group and includes a joint filing agreement as Exhibit 99.1.

NextNav Inc. amendment to Schedule 13G/A reporting beneficial ownership by Fortress-related entities

The filing lists multiple reporting persons organized under Fortress/FIG that collectively report shared dispositive and voting power over 22,058,944 shares for certain entities and other reported holdings of 15,658,944 and 11,678,054 shares in cover-page rows. The percentages are calculated on 136,436,939 shares outstanding as of May 11, 2026. The reported amounts assume conversion of the NNAV-CNV Notes into 3,980,890 shares and exercise of NNAV-P warrants into 3,900,000 shares.

NextNav Inc. amendment to Schedule 13G/A reporting beneficial ownership by Fortress-related entities

The filing lists multiple reporting persons organized under Fortress/FIG that collectively report shared dispositive and voting power over 22,058,944 shares for certain entities and other reported holdings of 15,658,944 and 11,678,054 shares in cover-page rows. The percentages are calculated on 136,436,939 shares outstanding as of May 11, 2026. The reported amounts assume conversion of the NNAV-CNV Notes into 3,980,890 shares and exercise of NNAV-P warrants into 3,900,000 shares.

NextNav Inc. reports beneficial ownership disclosures from Wolf Hill group as of 03/31/2026. The filing shows Wolf Hill Capital Management and affiliated entities report 8,113,691 shares beneficially owned (representing 6% of the class). The filing lists Wolf Hill General Partner, LLC with 7,155,635 shares (5.3%). The disclosure names Gary Lehrman as a reporting person associated with the positions and is signed on 05/14/2026.

NextNav Inc. reports beneficial ownership disclosures from Wolf Hill group as of 03/31/2026. The filing shows Wolf Hill Capital Management and affiliated entities report 8,113,691 shares beneficially owned (representing 6% of the class). The filing lists Wolf Hill General Partner, LLC with 7,155,635 shares (5.3%). The disclosure names Gary Lehrman as a reporting person associated with the positions and is signed on 05/14/2026.

NextNav Inc. reported first-quarter 2026 results showing continued investment and narrower losses driven by non‑operating gains. Revenue was $995 thousand, down 35.3% from $1.5 million a year earlier, mainly from lower government and commercial services activity. Operating expenses rose to $20.3 million as the company increased research and development and maintained high selling, general and administrative spending, leading to an operating loss of $19.3 million.

Net loss improved to $10.6 million from $58.6 million, largely because of favorable fair value movements on warrants and its convertible notes derivative. Cash and cash equivalents were $30.6 million, with short‑term investments of $112.4 million, for total liquidity of about $143.0 million as of March 31, 2026. Long‑term debt, primarily the 5.00% senior secured convertible notes due 2028, totaled $267.2 million, and net cash used in operating activities was $10.0 million.

NextNav Inc. reported first-quarter 2026 results showing continued investment and narrower losses driven by non‑operating gains. Revenue was $995 thousand, down 35.3% from $1.5 million a year earlier, mainly from lower government and commercial services activity. Operating expenses rose to $20.3 million as the company increased research and development and maintained high selling, general and administrative spending, leading to an operating loss of $19.3 million.

Net loss improved to $10.6 million from $58.6 million, largely because of favorable fair value movements on warrants and its convertible notes derivative. Cash and cash equivalents were $30.6 million, with short‑term investments of $112.4 million, for total liquidity of about $143.0 million as of March 31, 2026. Long‑term debt, primarily the 5.00% senior secured convertible notes due 2028, totaled $267.2 million, and net cash used in operating activities was $10.0 million.

NextNav Inc. reported first quarter 2026 results showing it remains in investment mode with significantly reduced losses. For the three months ended March 31, 2026, revenue was $ 995 (in thousands), down from $ 1,539 a year earlier, while net loss narrowed to $ 10,621 from $ 58,579 (both in thousands).

As of March 31, 2026, the company held $ 30,598 in cash and cash equivalents and $ 112,361 in short-term investments (in thousands), against long-term debt, net, of $ 267,190 and a stockholders’ equity deficit of $ 89,967 (in thousands). Net cash used in operating activities was $ 10,041 (in thousands), indicating continued cash burn as the business develops its positioning and 3D geolocation platform.

NextNav Inc. reported first quarter 2026 results showing it remains in investment mode with significantly reduced losses. For the three months ended March 31, 2026, revenue was $ 995 (in thousands), down from $ 1,539 a year earlier, while net loss narrowed to $ 10,621 from $ 58,579 (both in thousands).

As of March 31, 2026, the company held $ 30,598 in cash and cash equivalents and $ 112,361 in short-term investments (in thousands), against long-term debt, net, of $ 267,190 and a stockholders’ equity deficit of $ 89,967 (in thousands). Net cash used in operating activities was $ 10,041 (in thousands), indicating continued cash burn as the business develops its positioning and 3D geolocation platform.

NextNav Inc. is soliciting proxies for its 2026 virtual annual meeting, where holders of 136,028,193 common shares as of March 24, 2026 will vote on board and auditor matters. The meeting will be held online on May 21, 2026 at 12:00 p.m. Eastern Time.

Stockholders are asked to elect ten directors to one‑year terms and to ratify Ernst & Young LLP as independent registered public accounting firm for 2026. Nine of the ten director nominees are independent, and the board uses four key committees, including audit and compensation, to oversee governance and risk.

The proxy outlines how to vote by internet, phone, mail, or during the webcast, explains broker non‑vote rules, and notes that directors and officers collectively own about 7.8% of outstanding shares. It also details executive pay, including 2025 total compensation of $6.52 million for CEO Mariam Sorond, combining salary, cash bonus, and equity awards.

NextNav Inc. is soliciting proxies for its 2026 virtual annual meeting, where holders of 136,028,193 common shares as of March 24, 2026 will vote on board and auditor matters. The meeting will be held online on May 21, 2026 at 12:00 p.m. Eastern Time.

Stockholders are asked to elect ten directors to one‑year terms and to ratify Ernst & Young LLP as independent registered public accounting firm for 2026. Nine of the ten director nominees are independent, and the board uses four key committees, including audit and compensation, to oversee governance and risk.

The proxy outlines how to vote by internet, phone, mail, or during the webcast, explains broker non‑vote rules, and notes that directors and officers collectively own about 7.8% of outstanding shares. It also details executive pay, including 2025 total compensation of $6.52 million for CEO Mariam Sorond, combining salary, cash bonus, and equity awards.