Sorond Mariam 4

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.