NEXTNAV INC.
For the period ended Mar 31, 2026. Filed May 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 5. Other Information
Trading Plans
On March 30, 2026, Sammaad Shams, Chief Accounting Officer, entered into a "Rule 10b5-1 trading arrange ment" (as defined in Item 408 of Regulation S-K), intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act of 1934. The sales plan applies to previously awarded grants of restricted stock units ("RSUs") and stock options and provides for the automatic sales of a specific percentage of shares following the settlement of vested RSUs in an amount sufficient to satisfy the applicable tax withholding obligation of Mr. Shams. The sale proceeds will be delivered to the Company in satisfaction of the withholding obligation. The trading arrangement also provides for (i) the automatic sales of a specific percentage of shares underlying vested RSUs if the Company's stock price reaches a set limit price per share, and (ii) the automatic exercise of vested stock options and sale of the underlying shares if the Company's stock price reaches a set limit price per share. In these instances, a portion of the sale proceeds will be delivered to the Company in satisfaction of any tax withholding obligations and, in the case of the options, in satisfaction of the option exercise price.
Item 6.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.