Columbia Capital IV Amends NextNav Stake

TL;DR

Columbia Capital IV just updated their NextNav stake filing. Big players adjusting positions.

AI Summary

Columbia Capital IV, LLC, along with its group members, has filed an amendment (Amendment No. 4) to their Schedule 13D for NextNav Inc. on December 6, 2024. This filing indicates a change in their beneficial ownership of NextNav Inc. The group previously operated under the name Spartacus Acquisition Shelf Corp. before changing its name on June 3, 2021.

Why It Matters

This filing signals a potential shift in control or influence over NextNav Inc. by a significant investment group, which could impact the company's strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts or potential activist involvement, requiring investors to monitor the situation closely.

Key Players & Entities

• Columbia Capital IV, LLC (company) — Filing entity
• NextNav Inc. (company) — Subject company
• COLUMBIA CAPITAL EMPLOYEE INVESTORS IV, L.P. (company) — Group member
• COLUMBIA CAPITAL EQUITY PARTNERS IV (ECI), LTD (company) — Group member
• COLUMBIA CAPITAL EQUITY PARTNERS IV (QP), L.P. (company) — Group member
• COLUMBIA CAPITAL EQUITY PARTNERS IV (QPCO), L.P. (company) — Group member
• COLUMBIA CAPITAL EQUITY PARTNERS IV, L.P. (company) — Group member
• JAMES B. FLEMING, JR. (person) — Group member
• Spartacus Acquisition Shelf Corp. (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — V INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of

Filing Documents

• nextnav13da.htm (SC 13D/A) — 618KB
• 0001123292-24-000371.txt ( ) — 620KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer Items 5(a) and (b): Items 5(a) – (b) are hereby amended and restated to read as follows: The responses of each of the Reporting Persons with respect to Rows 7 through 13 of the respective cover pages of the individual Reporting Persons to this Amendment No. 4 to Schedule 13D are incorporated herein by reference. Each of the Reporting Persons expressly disclaims beneficial ownership of all of the shares of Common Stock included in this Amendment No. 4, other than the shares of Class A Common Stock held of record by such Reporting Person, and the filing of this Schedule 13D/A shall not be construed as an admission that any such person is, for the purposes of sections 13(d) or 13(g) of the Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Amendment No. 4.

(c)

Item 5(c): Items 5(c) is hereby amended and restated to read as follows: The Reporting Persons effected the following transactions in the Common Stock on the dates indicated and such transactions are the only transactions in the Common Stock by the Reporting Persons in the sixty (60) days preceding the date of this Amendment No. 4, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less. Except as otherwise noted below, all such transactions were sales of Common Stock effected in the open market. Reporting Person Trade Date Buy/Sell Shares Price per Share ($)* Low Price ($) High Price ($) CCEP IV (QPCO) 11/18/2024 Sell 21,716 14.53 14.25 14.95 CCEI IV 11/18/2024 Sell 1,784 14.53 14.25 14.95 CCEP IV (ECI) & CCEP IV (QP) 11/18/2024 Sell 176,500 14.53 14.25 14.95 CCEP IV (QPCO) 11/19/2024 Sell 21,716 15.58 15.42 15.71 CCEI IV 11/19/2024 Sell 1,784 15.58 15.42 15.71 CCEP IV (ECI) & CCEP IV (QP) 11/19/2024 Sell 176,500 15.58 15.42 15.71 CCEP IV (QPCO) 11/20/2024 Sell 10,254 16.14 16.00 16.38 CCEI IV 11/20/2024 Sell 842 16.14 16.00 16.38 CCEP IV (ECI) & CCEP IV (QP) 11/20/2024 Sell 83,335 16.14 16.00 16.38 CCEP IV (QPCO) 11/21/2024 Sell 21,716 15.53 15.40 15.65 CCEI IV 11/21/2024 Sell 1,784 15.53 15.40 15.65 CCEP IV (ECI) & CCEP IV (QP) 11/21/2024 Sell 176,500 15.53 15.40 15.65 CCEP IV (QPCO) 11/22/2024 Sell 15,068 15.83 15.59 16.14 CCEI IV 11/22/2024 Sell 1,238 15.83 15.59 16.14 CCEP IV (ECI) & CCEP IV (QP) 11/22/2024 Sell 122,469 15.83 15.59 16.14 CCEP IV (QPCO) 11/25/2024 Sell 10,858 15.75 15.70 15.87 CCEI IV 11/25/2024 Sell 892 15.75 15.70 15.87 CCEP IV (ECI) & CCEP IV (QP) 11/25/2024 Sell 88,250 15.75 15.70 15.87 CCEP IV (QPCO) 11/26/2024 Sell 10,858 16.65 16.02 16.86 CCEI IV 11/26/2024 Sell 892 16.65 16.02 16.86 CCEP IV (ECI) & CCEP IV (QP) 11/26/2024 Sell 88,250 16.65 16

(e)

Item 5(e): Items 5(e) is hereby amended and restated to read as follows: On December 5, 2024, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 6, 2024 Columbia Capital Employee Investors IV, L.P. By: Columbia Capital IV, LLC Its: General Partner By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer Columbia Capital Equity Partners IV, L.P. By: Columbia Capital IV, LLC Its: General Partner By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer Columbia Capital Equity Partners IV (QPCO), L.P. By: Columbia Capital Equity Partners IV, L.P. Its: General Partner By: Columbia Capital IV, LLC Its: General Partner By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer Columbia Capital Equity Partners IV (QP), L.P. By: Columbia Capital Equity Partners IV, L.P. Its: General Partner By: Columbia Capital IV, LLC Its: General Partner By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer Columbia Capital Equity Partners IV (ECI), LTD By: Columbia Capital Equity Partners IV (QP), L.P. Its: Sole Shareholder By: Columbia Capital Equity Partners IV, L.P. Its: General Partner By: Columbia Capital IV, LLC Its: General Partner By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer Columbia Capital IV, LLC By: /s/ Benjamin S. Lewis Name: Benjamin S. Lewis Title: Chief Operating Officer James B. Fleming By: /s/ James B. Fleming

View Full Filing

View this SC 13D/A filing on SEC EDGAR