NextNav Announces Sale of Common Shares
MCLEAN, Va., Nov. 16, 2022 /PRNewswire/ -- NextNav Inc. (NASDAQ:NN) ("NextNav" or the "Company"), a leader in next generation GPS and 3D geolocation, today announced that certain members of NextNav's executive leadership team sold approximately 796 thousand shares of NextNav's common stock on November 15, 2022, as reported with the SEC on Form 4. The sale of common shares was primarily done to cover tax obligations associated with the vesting of certain restricted stock units and awards.
Simultaneously, entities controlled by NextNav Director, Neil Subin, purchased approximate