Black James S 4
4 · NEXTNAV INC. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
NextNav (NN) GC James S. Black Sells 1,878 Shares
What Happened
James S. Black, General Counsel of NextNav, sold 1,878 shares of NextNav (NN) on June 12, 2026. The reported weighted-average price was $22.96 per share, for total proceeds of approximately $43,110. The disposition was a sale (S) and appears to be routine rather than an accumulation of new holdings.
Key Details
- Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-16; filing was within the two-business-day window).
- Price: weighted average $22.96; individual sale prices ranged from $22.41 to $23.20.
- Total shares sold: 1,878; total proceeds ≈ $43,110.
- Shares owned after the transaction: Not specified in the information provided.
- Notable footnotes: Sale executed under a Rule 10b5-1 trading plan adopted December 11, 2025; proceeds intended to satisfy tax withholding obligations related to the vesting of equity awards. The filer notes the reported price is a weighted average and can provide a breakdown of shares sold at each price on request.
Context
This was a sale under a pre-established 10b5-1 plan to cover tax obligations from vested awards, which is a common, non-speculative reason for insider sales. Sales do not carry the same informational weight as insider purchases; this filing documents a routine liquidity event rather than a directional buy signal.
Insider Transaction Report
Form 4
Black James S
General Counsel
Transactions
- Sale
Common Stock
[F1][F2]2026-06-12$22.96/sh−1,878$43,110→ 91,688 total
Footnotes (2)
- [F1]This sale was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on December 11, 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 $22.41 to $23.20 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.
Signature
/s/ James Black|2026-06-16