Shams Sammaad 4

What Happened

• Shams Sammaad, Chief Accounting Officer of NextNav (NN), received equity awards on March 19, 2026 and sold a small block of shares on March 20, 2026. The filing shows: a 5,712-share bonus RSU grant that vested 100% on the grant date, a 10,482-share RSU grant that vests over four years, and a 15,416-share stock option grant (derivative). On March 20 Sammaad sold 1,767 shares in an open-market sale at $18.11 per share for approximately $32,000; the filing notes the sale proceeds were used to satisfy tax withholding related to the vested bonus RSUs.

Key Details

• Transaction dates and prices:
  • 2026-03-19: Award of 5,712 RSUs (bonus) — vested 100% on grant (F1).
  • 2026-03-19: Award of 10,482 RSUs — vesting over four years (1/4 after one year, then quarterly) (F2).
  • 2026-03-19: Grant of 15,416 stock options — vesting 25% after one year, then quarterly over 3 years (F4).
  • 2026-03-20: Open-market sale of 1,767 shares at $18.11 — proceeds ≈ $32,000 (F3).
• Purpose of sale: Proceeds intended to satisfy tax withholding obligations from the vested bonus RSUs (F3).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date: Form 4 filed March 23, 2026 for transactions on March 19–20. Form 4s are generally due within two business days — confirm timeliness if that is a concern.

Context

• RSUs are awards that convert to actual shares according to the vesting schedule; the bonus RSUs vested immediately and triggered withholding obligations covered by the sale. The option grant is a derivative award that vests over time and does not represent immediate share ownership until exercised and any required conditions are met.
• This combination (award + small sale for taxes) is common when RSUs vest; the sale here was routine to cover tax, not a large directional bet.