secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEXTNAV INC. (NN)
CIK:        0001865631
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001554855-25-001716
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865631/000155485525001716/0001554855-25-001716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865631/000155485525001716/nn-20250921.htm
  HTML page:      https://secwatch.observer/filing/0001554855-25-001716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer