Form 4: NextNav Officer Sells Shares for Tax Obligations

NextNav's Chief Accounting Officer, Sammaad Shams, reported a planned sale of 115 common shares on December 19, 2025, under a Rule 10b5-1 plan to cover tax withholding.

Summary

• Sammaad Shams, Chief Accounting Officer of NextNav Inc. (NN), reported a transaction involving the company's common stock.
• On December 19, 2025, Shams disposed of 115 shares of NextNav Common Stock.
• The shares were sold at a price of $16.91 per share.
• This sale was executed pursuant to a Rule 10b5-1 sales plan, which was adopted on August 15, 2025.
• The proceeds from this sale are intended to satisfy tax withholding obligations in connection with the vesting of underlying equity awards.
• Following this reported transaction, Shams will beneficially own 65,880 shares of NextNav Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned insider sale for tax withholding purposes, which is a neutral event and does not reflect positively or negatively on the company's operational performance or future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This routine insider transaction for tax purposes does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Minimal impact on shareholders due to the small volume of shares sold (115 shares) relative to the company's total outstanding shares.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this routine transaction.

Key Dates

Keywords

NextNav, NN, Form 4, insider sale, equity sale, Sammaad Shams, Chief Accounting Officer, 10b5-1 plan, tax withholding, beneficial ownership