NextNav (NN) GC James Black Sells 1,878 Shares

What Happened

• James S. Black, General Counsel of NextNav, sold 1,878 shares of NextNav (NN) on 2026-09-14. The reported weighted-average sale price was $15.34 per share, for total proceeds of approximately $28,814. The sales were effected under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-09-14; Filing date: 2026-09-16 (filed timely).
• Price: weighted average $15.34; individual trades ranged from $14.94 to $15.62 per share.
• Shares disposed: 1,878; total proceeds ≈ $28,814.
• Post-transaction holdings: Not specified in the filing.
• Footnotes: (1) Sale executed pursuant to a 10b5-1 plan adopted 2025-12-11 and proceeds intended to satisfy tax withholding on vested equity awards. (2) Reported price is a weighted average; detailed per-trade pricing available on request to the company, shareholders, or SEC staff.

Context

• This was a sale under a pre-established 10b5-1 plan (a routine mechanism many insiders use to sell shares according to a set schedule). Such sales often reflect tax or liquidity needs rather than a change in insider sentiment. The filing does not show any option exercise or immediate repurchase; it reports only the open-market/private sale described above.