Research Summary
AI-generated summary of this SEC filing
NextNav (NN) COO Susan Brasse Sells 2,370 Shares
What Happened
- Susan Brasse, Chief Operating Officer of NextNav, sold 2,370 shares in an open-market/private sale on September 24, 2026.
- The reported weighted-average sale price was $14.22 per share, for total proceeds of approximately $33,702. Sales occurred in multiple transactions at prices between $14.03 and $14.32.
Key Details
- Transaction date: 2026-09-24; filing date: 2026-09-25 (timely filing).
- Reported price: $14.22 weighted average; range $14.03–$14.32 (multiple trades).
- Proceeds: ~$33,702.
- Footnote F1: Sale effected under a Rule 10b5-1 sales plan adopted August 19, 2025; proceeds intended to satisfy tax withholding on vesting equity awards.
- Footnote F2: Weighted-average price reported; Reporting Person will provide breakdown of shares sold at each price on request.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- This was a sale, not a purchase. Because it was executed under a pre-established 10b5-1 plan and was used to cover tax withholding, it is generally considered a routine, pre-arranged disposition rather than an ad hoc insider sell signal.