SUBIN NEIL S 4
4 · NEXTNAV INC. · Filed Mar 14, 2025
Insider Transaction Report
Form 4
SUBIN NEIL S
Director
Transactions
- Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-12+6,300,000→ 6,300,000 total(indirect: Persian Road I, LP)Exercise: $12.56Exp: 2028-06-30→ Common Stock (6,300,000 underlying)
Footnotes (1)
- [F1]Pursuant to a Note Purchase Agreement with NextNav Inc. (the "Issuer"), dated March 12, 2025 (the "NPA"), the reporting person, through Persian Road I, LP, a limited partnership managed by the reporting person, purchased $6,300,000 aggregate principal amount of the Issuer's 5.00% Senior Secured Convertible Notes due 2028 (the "2028 Notes"), at a price of 100% of the principal amount. The 2028 Notes are convertible, as of the date the 2028 Notes are issued upon the closing of the NPA, into the Issuer's shares of common stock at a price of $12.56 per share, and shall mature on June 30, 2028.