Insley Susan Brasse 4

What Happened

• Susan Brasse, Chief Operating Officer of NEXTNAV (NN), sold 2,370 shares on March 24, 2026. The weighted-average price was $18.57, for total proceeds of approximately $44,015. The shares were sold across multiple transactions at per-share prices ranging from $18.35 to $19.00.
• This was a sale (not a purchase or option exercise) and was effected under a pre-established Rule 10b5-1 sales plan.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-25 (timely filing).
• Price details: weighted-average $18.57; individual trade prices ranged $18.35–$19.00.
• Shares sold: 2,370; proceeds: ~$44,015.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnotes: (1) Sale executed pursuant to a Rule 10b5-1 plan adopted Aug 19, 2025; proceeds intended to satisfy tax withholding related to vesting equity awards. (2) Reported price is a weighted average; the reporting person can provide per-price breakdown on request.
• Transaction code: S (Sale) — open-market/private sale designation reported.

Context

• Sales under Rule 10b5-1 plans are pre-arranged and often used to meet tax or liquidity needs; they do not necessarily signal a change in the insider’s view of the company. Retail investors should treat routine, planned sales differently from ad-hoc insider purchases when assessing insider sentiment.