Form 4 for NN NEXTNAV INC.
Accepted 2021-11-01 00:00:00 ET · period of report 2021-10-28 · accession 0001213900-21-055893 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-11-01 | 2021-10-28 | NN | Gates Christian D. | CFO | A - Grant | — | +341.1K | 332.0K | New | — |
| DM | 2021-11-01 | 2021-10-28 | NN | Gates Christian D. | CFO | A - Grant | — | +98.9K | 98.9K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-28 | A | A | 9,097 | — | 341,100 | D | — | — | (F1) Pursuant to the Agreement and Plan of Merger, dated as of June 9, 2021, by and among Spartacus Acquisition Shelf Corp. (now known as NextNav Inc.), Spartacus Acquisition Corp., NextNav Holdings, LLC and the other parties thereto (the "Merger Agreement"), the Reporting Person became a reporting person of "NextNav Inc.", the as-renamed surviving corporation (the "Issuer") of the business combination, which business combination closed on October 28, 2021 (the "Business Combination"). The Reporting Person received shares of common stock of the Issuer in exchange for their holdings in NextNav Holdings, LLC as of the closing of the Business Combination. (F2) Restricted shares of common stock will vest ratably each month through December 2022. |
| 2 | Common | Common Stock | 2021-10-28 | A | A | 332,003 | — | 332,003 | D | — | — | (F1) Pursuant to the Agreement and Plan of Merger, dated as of June 9, 2021, by and among Spartacus Acquisition Shelf Corp. (now known as NextNav Inc.), Spartacus Acquisition Corp., NextNav Holdings, LLC and the other parties thereto (the "Merger Agreement"), the Reporting Person became a reporting person of "NextNav Inc.", the as-renamed surviving corporation (the "Issuer") of the business combination, which business combination closed on October 28, 2021 (the "Business Combination"). The Reporting Person received shares of common stock of the Issuer in exchange for their holdings in NextNav Holdings, LLC as of the closing of the Business Combination. |
| 3 | Derivative | Stock Option (right to buy) | 2021-10-28 | A | A | 10,902 | — | 10,902 | D | $0.28 · — to 2030-10-21 | 10,902 Common Stock | (F3) These options were originally granted on 10/21/2020 as fully vested and exercisable options to purchase 30,375 Class A common units of NextNav Holdings, LLC and were automatically converted, pursuant to the Merger Agreement, upon the closing of the Business Combination on 10/28/2021, into fully vested and exercisable options to purchase shares of common stock of the Issuer. |
| 4 | Derivative | Stock Option (right to buy) | 2021-10-28 | A | A | 88,006 | — | 98,908 | D | $0.28 · — to 2030-10-21 | 88,006 Common Stock | (F4) These options were originally granted on 10/21/2020 as options to purchase 245,211 Class A common units of NextNav Holdings, LLC and were automatically converted, pursuant to the Merger Agreement, upon the closing of the Business Combination on 10/28/2021, into options to purchase shares of common stock of the Issuer. 25% of the total award vested on 10/21/2021, and the remaining award will vest in equal monthly installments over the next 36 months, subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates. |