NextNav (NN) COO Susan Brasse Sells 849 Shares

What Happened

Susan Brasse, Chief Operating Officer of NextNav (NN), sold 849 shares on June 16, 2026. The reported weighted-average price was $19.36 per share, for total proceeds of about $16,437. The sale was effected under a Rule 10b5-1 sales plan and the proceeds are intended to satisfy tax withholding obligations related to vested equity awards.

Key Details

• Transaction date: 2026-06-16 (reported on Form 4 filed 2026-06-18).
• Transaction type: Sale (S) under a Rule 10b5-1 plan adopted August 19, 2025.
• Shares sold: 849; weighted-average price: $19.36; total value ≈ $16,437.
• Price range reported: $19.36 to $19.36 (F2 notes weighted-average; per-transaction breakdown available on request).
• Proceeds use: To satisfy tax withholding on vested awards (per footnote F1).
• Shares owned after the transaction: Not disclosed in this filing.
• Timeliness: Filed within two business days of the transaction (not reported late).

Context

Sales made under pre-established 10b5-1 plans are typically scheduled and intended to avoid timing questions; they don't necessarily signal a change in the insider's view of the company. For retail investors, purchases tend to be more informative about insider conviction than routine sales for tax or diversification purposes.