Insley Susan Brasse 4
Research Summary
AI-generated summary
NextNav (NN) COO Susan Brasse Sells 3,396 Shares
What Happened Susan Brasse, Chief Operating Officer of NextNav, sold 3,396 shares on March 17, 2026. The shares were disposed at a weighted-average price of $16.85 per share for total proceeds of approximately $57,235. This was a sale (not a purchase) and appears to be a routine disposition rather than a signal of company outlook.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (timely filing).
- Price: reported weighted average $16.85; execution prices ranged from $16.73 to $17.03 (sold in multiple transactions).
- Shares disposed: 3,396; proceeds ≈ $57,235.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote F1: Sale was effected under a Rule 10b5-1 plan adopted Aug 19, 2025; proceeds intended to satisfy tax withholding from vesting equity awards.
- Footnote F2: Price is a weighted average; the reporting person will provide a per-price breakdown upon request.
Context The sale was executed under a pre-arranged 10b5-1 plan, commonly used to avoid timing concerns and to cover tax obligations from vested awards. Such planned sales are typically routine and do not necessarily reflect the insider’s view of the company’s prospects.