Form 4: NextNav Director Gary Parsons Acquires Shares and Reports Beneficial Ownership
SEC Form 4 Filing
Director Gary Parsons acquired 12,389 shares of NextNav Inc. common stock and reported beneficial ownership of over 1.4 million shares.
Summary
- On March 29, 2024, Gary Parsons, a director of NextNav Inc., acquired 12,389 shares of common stock.
- The acquisition was a grant of unrestricted shares, priced at $0.00.
- Following the transaction, Parsons directly owns 1,462,373 shares of NextNav Inc.
- Parsons also reported indirect beneficial ownership of 143,541 shares held by the Parsons Family Generation Skipping Trust, for which his spouse is the sole trustee.
- Parsons disclaims beneficial ownership of these trust-held securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports a transaction.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Gary Parsons acquired 12,389 shares of NextNav Inc. common stock. |
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