11/17/2025 | Press release | Distributed by Public on 11/17/2025 18:01
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Call Option (Right to Buy) | $20 | 11/14/2025 | S | 4,000 | (2) | 06/18/2026 | Common Stock | 400,000 | $2.095(3) | 0 | I | By The Joseph D. Samberg Revocable Trust(1) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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SAMBERG JOSEPH D 1901 BOSTON POST ROAD RYE, NY 10580 |
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| /s/ Joseph Samberg | 11/17/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| (2) | The call options expiring on June 18, 2026 were acquired in a series of transactions. These options were all immediately exercisable from the applicable date of purchase until their expiration. |
| (3) | The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.05 to $2.20, inclusive. The reporting person undertakes to provide to NextNav Inc., any security holder of NextNav Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4. |
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Remarks: The exit box is checked because, after the sale of the 600,000 shares of the common stock of NextNav Inc. (the "Common Stock") and the sale of the call options representing 400,000 shares of Common Stock reflected in this Form 4, the reporting person is no longer a 10% owner. |
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