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. 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. 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. Chief Accounting Officer Shams Sammaad reported an open-market sale of 3,945 shares of common stock at a price of $19.54 per share. After this transaction, he continues to hold 72,950 shares directly, indicating he retains a substantial equity position in the company.
NextNav Inc Amendment No. 1 to a Schedule 13G/A shows The Vanguard Group reporting zero beneficial ownership of NextNav common stock after an internal realignment. The filing states certain Vanguard subsidiaries will report separately in reliance on SEC Release No. 34-39538 following the January 12, 2026 realignment. The filing lists Vanguard's Malvern address and is signed by Ashley Grim as Head of Global Fund Administration on 03/27/2026.
NN: Notice under Form 144 reporting proposed resale of 3,945 shares of Common Stock tied to Restricted Stock Units. The filing lists multiple recent dispositions by the same transfer agent, including sales of 1,767, 3,297, and smaller lots on 03/17/2026, 03/20/2026, and 03/24/2026.
NEXTNAV INC. Chief Operating Officer Susan Brasse Insley reported an open-market sale of 2,370 shares of common stock on March 24, 2026 at a weighted average price of $18.5718 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, with proceeds intended to cover tax withholding obligations from vesting equity awards. Following this transaction, she directly holds 170,273 shares of NextNav common stock, indicating that the sale represents a relatively small portion of her overall position.
NN filed a Form 144 registering 2,370 Restricted Stock Units for sale. The filing lists the securities as Common (Restricted Stock Units) with a transaction date of 03/23/2026.
Recent related dispositions shown include two 10b5-1 sales by Susan Insley: 3,599 shares on 03/20/2026 and 3,396 shares on 03/17/2026, presented as past sales in the excerpt.