Form 4: NextNav CFO Christian Gates Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Christian Gates, CFO of NextNav Inc., sold 24,831 shares of common stock on May 14, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On May 14, 2024, Christian Gates, the Chief Financial Officer of NextNav Inc., sold 24,831 shares of the company's common stock.
- The sale was executed at a price of $7.66 per share.
- This transaction was conducted to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- Following the sale, Gates directly owns 824,985 shares of NextNav Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate any particularly positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Christian Gates sold 24,831 shares of NextNav Inc. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
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