NEXTNAV (NN) CFO Timothy Gray Sells 11,099 Shares

What Happened Timothy Gray, Chief Financial Officer of NEXTNAV, sold 11,099 shares on September 23, 2026 in an open-market/private sale. The reported weighted-average price was $14.64 per share for total proceeds of $162,538. The sale was executed under a Rule 10b5-1 sales plan and the proceeds are intended to satisfy tax withholding obligations related to vesting equity awards.

Key Details

• Transaction date: 2026-09-23 (filed on 2026-09-25).
• Shares sold: 11,099; weighted-average price: $14.64; total reported proceeds: $162,538.
• Price range: trades occurred at prices from $14.33 to $15.05 per share (multiple transactions); the filer can provide a per-trade breakdown on request.
• Reason/footnote: Sale effected under a 10b5-1 plan adopted Dec 22, 2025; proceeds for tax withholding on vested awards.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: report covers 9/23/2026 and was filed 9/25/2026 (appears timely).

Context Sales made under pre-established 10b5-1 plans and to cover tax withholding are common for executives and are generally considered routine rather than a clear signal about the executive’s view of the company. For retail investors, purchases typically carry more informational weight than routine insider sales.