Sorond Mariam 4
4 · NEXTNAV INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
NEXTNAV (NN) CEO Sorond Mariam Sells 11,322 Shares
What Happened Sorond Mariam, CEO, President and Director of NEXTNAV (NN), disposed of 11,322 shares in an open-market sale on March 17, 2026. The reported weighted-average sale price was $16.85 per share, for aggregate proceeds of approximately $190,795. This was a sale (not a purchase); such transactions are often routine and do not by themselves indicate a change in the insider’s view of the company.
Key Details
- Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (reporting period 2026-03-17).
- Price: reported weighted average $16.85; individual trades ranged from $16.64 to $17.01 per share.
- Shares sold: 11,322; total proceeds ≈ $190,795.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Notable footnotes: (1) Sale was effected under a Rule 10b5-1 sales plan adopted March 21, 2025; proceeds intended to cover tax withholding on vested equity awards. (2) Reported price is a weighted average; the filer can provide a breakdown of shares sold at each price within the stated range upon request.
Context A 10b5-1 plan is a prearranged program that allows insiders to sell shares on a schedule or formula established earlier; sales under these plans are commonly used for routine liquidity or tax obligations. Because this sale was executed under such a plan and was used to satisfy tax withholding, it should be interpreted as a routine transaction rather than direct evidence of a change in the insider’s sentiment about NEXTNAV.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-17$16.85/sh−11,322$190,795→ 1,259,624 total
Footnotes (2)
- [F1]This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on March 21, 2025 and the proceeds are intended to be used to satisfy tax withholding obligations in connection with the vesting of the underlying equity awards.
- [F2]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.64 to $17.01 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.