[144] NEXTNAV INC. SEC Filing

Rhea-AI Filing Summary

NextNav, Inc. Form 144 notifies a proposed sale of 102 common shares through Morgan Stanley Smith Barney with an aggregate market value of $1,767.66, planned on or about 09/19/2025 on NASDAQ. The shares were acquired as restricted stock units (RSUs) from the issuer on 09/18/2025 and are scheduled for immediate sale. The filing also discloses prior Rule 10b5-1 sales by Sammaad Shams of 1,400 shares on 09/16/2025 for $23,981.30, 688 shares on 08/11/2025 for $9,453.12, and 102 shares on 06/20/2025 for $1,490.22. Outstanding shares are listed as 133,130,567, so the proposed sale is a very small fraction of the share base.

Positive

• Transparency: The filing discloses acquisition and sale details, including broker, dates, and amounts.
• Small relative size: 102 shares represent a negligible portion of 133,130,567 outstanding shares, limiting market impact.
• Use of 10b5-1 plans: Prior sales documented as 10b5-1 suggest preplanned, compliant insider selling.

Negative

• Insider selling: Multiple recent sales by the same individual occurred within the past three months, which investors may view as a negative signal.

Insights

Corporate Governance Expert

TL;DR: Insider RSU sale disclosed; amounts are small relative to outstanding shares and follow prior 10b5-1 sales.

The filing indicates a routine insider liquidity activity: 102 RSUs vested and are being sold via a broker on a recognized exchange. The filer affirms no undisclosed material adverse information. Multiple recent 10b5-1 sales by the same person suggest a pre-established trading plan rather than opportunistic timed selling. Given the immaterial size versus 133.13 million shares outstanding, this filing is unlikely to alter governance dynamics or control.

Securities Analyst

TL;DR: Transaction size is negligible for valuation; prior small 10b5-1 sales provide context for ongoing insider liquidity.

The proposed sale's aggregate value of $1,767.66 and prior 10b5-1 proceeds totaling $34,924.64 over three transactions are immaterial relative to company market capitalization implied by the outstanding share count. These sales represent routine monetization of vested equity rather than disposition of a controlling stake. Market impact should be negligible, though disclosure is relevant for transparency about insider transactions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	102	1767.66	133130567	09/19/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/18/2025	Restricted Stock Units	Issuer			102	09/18/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SAMMAAD SHAMS 11911 Freedom Dr., Suite 200 Reston VA 20190	Common	09/16/2025	1400	23981.30
10b5-1 Sales for SAMMAAD SHAMS 11911 Freedom Dr., Suite 200 Reston VA 20190	Common	08/11/2025	688	9453.12
10b5-1 Sales for SAMMAAD SHAMS 11911 Freedom Dr., Suite 200 Reston VA 20190	Common	06/20/2025	102	1490.22

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many NextNav (NXNVW) shares are proposed for sale in this Form 144?

The notice proposes sale of 102 common shares.

What is the aggregate market value of the proposed sale and when is it planned?

The aggregate market value is $1,767.66, with an approximate sale date of 09/19/2025.

How were the 102 shares acquired according to the filing?

They were acquired as Restricted Stock Units (RSUs) from the issuer on 09/18/2025.

Have there been recent sales by the same person in the past three months?

Yes. Reported 10b5-1 sales: 1,400 shares on 09/16/2025 for $23,981.30, 688 shares on 08/11/2025 for $9,453.12, and 102 shares on 06/20/2025 for $1,490.22.

Through which broker and on which exchange will the sale occur?

The broker is Morgan Stanley Smith Barney LLC and the sale is listed for NASDAQ.