CARANO BANDEL L 4

What Happened

• Carano Bandel, a director of NEXTNAV Inc. (NN), was granted 7,550 restricted shares on May 21, 2026. The grant is reported at $0.00 per share (total reported value $0) and is classified as an award/acquisition (code A).
• The Restricted Shares are subject to vesting: 100% of the 7,550 shares vest on May 1, 2027, contingent on the Reporting Person's continued service through that date. This is a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Report filed: 2026-05-26.
• Transaction type/code: Award/Grant (A); Price reported: $0.00; Shares granted: 7,550.
• Vesting: 100% vests on May 1, 2027, subject to continued service (see footnote).
• Shares owned after the transaction: not specified in the provided filing details.
• Timing: The Form 4 was filed five days after the transaction date; typical SEC Form 4 deadline is two business days after the transaction, so this filing appears later than the usual reporting window.

Context

• Restricted stock awards are common executive/director compensation and do not represent an immediate purchase or sale — the shares typically remain subject to forfeiture until vested.
• For investors, grants signal compensation alignment with the company but are not direct bullish purchases. Watch the vesting date and any later disclosures of sales (Form 4s) if the shares are sold after vesting.