Hook Lisa 4

What Happened

• Lisa Hook, a director of NEXTNAV, was granted 4,545 restricted shares on February 24, 2026. The Form 4 reports an acquisition price of $0.00 for these shares (transaction code A — award/grant). The filing lists the acquisition amount as $0, which reflects that this was an awarded grant, not a cash purchase.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely — within the usual two-business-day window).
• Shares granted: 4,545; reported acquisition price: $0.00; reported aggregate amount = $0 (this is the reported cost, not market value).
• Vesting: Per footnote, 100% of the restricted shares vest on February 24, 2027, subject to Hook’s continued service.
• Shares owned after transaction: Not stated in the provided filing details.
• No 10b5-1 plan, tax withholding, cashless exercise, or other special arrangements were reported in the provided footnote.

Context

• Restricted shares are awarded but typically cannot be sold until they vest and may be forfeited if the insider leaves before the vesting date. The reported $0 acquisition price reflects the grant itself; it does not indicate market value of the shares. This type of award is common for compensating directors and does not by itself signal a near-term buy or sell decision.