Home/Filings/4/0001062993-25-006596

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FIG LLC 4

Accession 0001062993-25-006596

CIK 0001865631other

View on SEC.gov Company Profile

Filed

Mar 30, 8:00 PM ET

Accepted

Mar 31, 5:50 PM ET

Size

33.2 KB

Accession

0001062993-25-006596

Insider Transaction Report

Form 4

Period: 2025-03-27

NEXTNAV INC.NN

Fortress Operating Entity I LP

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)

FIG Corp.

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)

FCOF V CDG Investments LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)

FCO Fund V GP LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)

Fortress Credit Opportunities V Advisors LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)

FIG LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)

FIG Buyer GP, LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)

Fortress Investment Group LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)

Hybrid GP Holdings LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)

Hybrid GP Holdings (Cayman) LLC

10% Owner

Transactions

Purchase
Warrants (Right to buy)
2025-03-27+1,500,000→ 1,500,000 total(indirect: See Footnotes)
Exercise: $20.00Exp: 2028-12-31→ Common Stock (1,500,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+950,000→ 950,000 total(indirect: See Footnotes)
Exercise: $17.00Exp: 2028-12-31→ Common Stock (950,000 underlying)
Purchase
Warrants (Right to buy)
2025-03-27+1,450,000→ 1,450,000 total(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-12-31→ Common Stock (1,450,000 underlying)
Purchase
5.00% Senior Secured Convertible Notes due 2028
2025-03-27$50000000.00/sh(indirect: See Footnotes)
Exercise: $12.56Exp: 2028-06-30→ Common Stock (3,980,890 underlying)

Footnotes (8)

[F1]50% of each tranche of warrants is immediately exercisable, with the other 50% vesting on the first day of the second year commencing after the closing of the acquisition of the warrants.
[F2]The 5.00% Senior Secured Notes due 2028 (the "Convertible Notes") are convertible at any time into a number of shares of Common Stock equal to (i) the sum of the then-outstanding principal amount of the Convertible Notes to be converted plus all accrued and unpaid interest to the date of the conversion divided by (ii) $12.56, subject to the terms of the Note Purchase Agreement.
[F3]Held directly by CF NNAV-P LLC ("CF NNAV-P"). FCOF V UB Investments L.P., a Cayman Islands limited partnership ("FCOF V UB"), is the majority member of CF NNAV-P. Fortress Credit Opportunities Fund V(A) L.P., a Cayman limited partnership ("FCOF V(A)"), Fortress Credit Opportunities Fund V(B) L.P., a Cayman limited partnership ("FCOF V(B)"), Fortress Credit Opportunities Fund V(C) L.P., a Cayman limited partnership ("FCOF V(C)"), Fortress Credit Opportunities Fund V(D) L.P., a Cayman limited partnership ("FCOF V(D)"), Fortress Credit Opportunities Fund V(E) L.P., a Delaware limited partnership ("FCOF V(E)") and Fortress Credit Opportunities Fund V(G) L.P., a Cayman limited partnership ("FCOF V(G)"), collectively hold a 100% interest in FCOF V UB Investments.
[F4]Held directly by CF NNAV-CNV LLC ("CF NNAV-CNV"). FCOF V UL Investments LLC, a Delaware limited liability company ("FCOF V UL"), is the majority member of CF NNAV-CNV. FCOF V(A), FCOF V B Investments LLC, a Delaware limited liability company, FCOF V CDG Investments LLC, a Delaware limited liability company ("FCOF V CDG Investments"), and FCOF V(E) collectively hold a 100% interest in FCOF V UL.
[F5]FCO Fund V GP LLC, a Delaware limited liability company ("FCO Fund V GP") is the general partner of FCOF V(A), FCOF V(B), FCOF V(C), FCOF V(D), FCOF V(E) and FCOF V(G). Fortress Credit Opportunities V Advisors LLC, a Delaware limited liability company ("FCO V Advisors"), is the investment advisor of FCOF V(A), FCOF V(B), FCOF V(D), FCOF V(E) and FCOF V(G). Fortress Credit Opportunities V-C Advisors LLC, a Delaware limited liability company ("FCO V-C Advisors") is the investment advisor of FCOF V(C).
[F6]FIG LLC, a Delaware limited liability company ("FIG") holds all of the interests in FCO V Advisors and FCO V-C Advisors. Hybrid GP Holdings (Cayman) LLC, a Delaware limited liability company ("Hybrid GP Holdings (Cayman)") holds all of the interests in FCO Fund V GP. Hybrid GP Holdings LLC, a Delaware limited liability company ("Hybrid GP Holdings") holds all of the interests in Hybrid GP Holdings (Cayman).
[F7]Fortress Operating Entity I LP, a Delaware limited partnership ("FOE I"), is the managing member of Hybrid GP Holdings, and the owner of all of the issued and outstanding interests of FIG. FIG Blue LLC, a Delaware limited liability company ("FIG Blue"), is the general partner of FOE I. FIG Blue is wholly-owned by Fortress Investment Group LLC, a Delaware limited liability company ("Fortress Investment Group"). FINCO I Intermediate Holdco LLC, a Delaware limited liability company ("FINCO I IH"), is the sole member of Fortress Investment Group. FINCO I LLC, a Delaware limited liability company, is the sole member of FINCO I IH. FIG Parent, LLC, a Delaware limited liability company ("FIG Parent"), is the sole member of FINCO I LLC. Foundation Holdco LP, a Delaware limited partnership ("Foundation Holdco"), is the sole member of FIG Parent. FIG Buyer GP, LLC, a Delaware limited liability company is the general partner of Foundation Holdco.
[F8]Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.

Documents

1 file

4
form4.xmlPrimary
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Issuer

NEXTNAV INC.

CIK 0001865631

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001245521

Filing Metadata

Form type: 4
Filed: Mar 30, 8:00 PM ET
Accepted: Mar 31, 5:50 PM ET
Size: 33.2 KB

View on SEC.gov