Black James S 4

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.