Form 4: NextNav SVP Arun Raghupathy Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Arun Raghupathy, Senior Vice President of NextNav Inc., sold 3,490 shares of common stock on June 17, 2024, to satisfy tax obligations upon the vesting of restricted stock units.
Summary
- On June 17, 2024, Arun Raghupathy, a Senior Vice President at NextNav Inc., sold 3,490 shares of common stock.
- The sale was executed at a price of $7.27 per share.
- This transaction was conducted to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- Following the transaction, Raghupathy directly owns 1,092,595 shares of NextNav Inc.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (stock sale for tax purposes) with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the stock sale transaction. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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