NextNav appoints Tim Gray as CFO; Chris Gates moves to Corporate Development EVP

NEXTNAV INC.

Tim Gray named EVP & CFO effective Sept 22, 2025; base salary $450K, target bonus 45%.
Initial equity grants: RSUs and options each valued at $1.5M; additional $750K each expected in Q1 2026.
Vesting: 25% on 1-year anniversary, then 1/12 quarterly; exercise price 110% of 20-day trailing average.
Gray previously CFO of Anterix (ATEX) for over a decade; prior roles at MedImmune, AOL, Nextel.
Chris Gates steps down as CFO, remains as EVP of Corporate Development; will receive severance per agreement.

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