Gray Timothy 4

4 · NEXTNAV INC. · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

NEXTNAV (NN) CFO Timothy Gray Receives RSUs, Sells 1,405 Shares

What Happened

Timothy Gray, Chief Financial Officer of NEXTNAV, received equity awards on March 19, 2026 and sold a small number of shares the next day. The Form 4 reports grants totaling 44,400 restricted stock units (3,372 bonus RSUs that vested immediately + 41,028 time‑vesting RSUs) and a grant of stock options covering 60,342 shares (total units = 104,742). On March 20, 2026 he sold 1,405 shares in an open‑market transaction at $18.11 per share, generating proceeds of $25,445. The filing states 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/acquisition of 3,372 RSUs (bonus, 100% vested on grant) — $0 price (award).
- 2026-03-19: Grant of 41,028 RSUs (time‑vesting) — $0 price (award).
- 2026-03-19: Grant of options covering 60,342 shares (derivative award) — $0 price (award of options).
- 2026-03-20: Open‑market sale of 1,405 shares at $18.11, proceeds $25,445.
Shares/units received: 44,400 RSUs granted (3,372 immediately vested); 60,342 options granted (derivative).
Post‑transaction beneficial ownership: Not specified in the filing.
Footnotes of note:
- F1: 3,372 Bonus RSUs vested 100% on March 19, 2026.
- F2: 41,028 RSUs vest over four years (25% at 1 year, then quarterly thereafter).
- F3: The March 20 sale proceeds were used to satisfy tax withholding for the vested Bonus RSUs.
- F4: Options vest 25% after one year, then quarterly over three years.
Filing timeliness: Reported on March 23, 2026 for transactions dated March 19–20, 2026; this appears to be within the standard Form 4 reporting window (filed within two business days).

Context

The bulk of activity is receipt of equity compensation (awards and option grants), not a cash purchase. The small open‑market sale was disclosed as being to cover tax withholding on vested bonus RSUs, a common administrative sale and not necessarily an expression of sentiment about the stock. The options are subject to multi‑year vesting; exercise and subsequent sale would be separate transactions if and when they occur.

Form 4

Period: 2026-03-19

Chief Financial Officer

Transactions

Award
Common Stock
[F1]
2026-03-19+3,372→ 92,163 total
Award
Common Stock
[F2]
2026-03-19+41,028→ 133,191 total
Sale
Common Stock
[F3]
2026-03-20$18.11/sh−1,405$25,445→ 131,786 total
Award
Stock Option (Right to Buy)
[F4]
2026-03-19+60,342→ 60,342 total
Exercise: $20.39Exp: 2036-03-19→ Common Stock (60,342 underlying)

Footnotes (4)

[F1]Represents a bonus grant of restricted stock units ("RSUs"); 100% of the Bonus RSUs vested on March 19, 2026 (the grant date) (the "Bonus RSUs").
[F2]Represents a grant of RSUs that will vest over a four-year period. Subject to the Reporting Person's continued service through each of the applicable vesting dates, 1/4 of the RSUs shall vest on the one-year anniversary of March 19, 2026, and 1/16 of the RSUs shall vest quarterly in substantially equal installments thereafter.
[F3]The proceeds of this sale are intended to be used to satisfy tax withholding obligations in connection with the vesting of the Bonus RSUs.
[F4]Represents a grant of stock options (the "Options"). Subject to the Reporting Person's continued service through each of the applicable vesting dates, twenty five percent (25%) of the Options shall vest on the one-year anniversary of March 19, 2026, and the remaining portion shall vest in equal quarterly installments over the subsequent three years.

Signature

/s/ James Black, by power of attorney|2026-03-23

1 file