Samberg Maintains 11.78M Share Stake in NextNav (NN)

TL;DR

**Big investor Joseph D. Samberg still owns 11.78 million shares of NextNav.**

AI Summary

Joseph D. Samberg, through the Joseph D. Samberg Revocable Trust, has filed an amended SC 13G/A for NextNav Inc. (NN). As of January 18, 2024, Samberg beneficially owns 11,782,000 shares of NextNav's common stock, representing a significant stake in the company. This filing updates his previous ownership disclosures, indicating a continued substantial investment in NextNav, which could signal confidence in the company's future to current and prospective shareholders.

Why It Matters

This filing shows a major investor, Joseph D. Samberg, continues to hold a substantial position in NextNav, which can be interpreted as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant ownership stake by a major investor, which generally reduces perceived risk.

Analyst Insight

Investors should note that a major individual investor, Joseph D. Samberg, continues to hold a substantial position in NextNav, which could be a positive signal, but this filing itself doesn't indicate any new buying or selling activity.

Key Numbers

• 11,782,000 — Shares Beneficially Owned (Joseph D. Samberg's total beneficial ownership in NextNav Inc. as of January 18, 2024.)
• January 18, 2024 — Date of Event (The date that triggered the requirement for this Schedule 13G/A filing.)
• 65345N106 — CUSIP Number (Unique identifier for NextNav Inc.'s Common Stock.)

Key Players & Entities

• Joseph D. Samberg (person) — reporting person and beneficial owner of NextNav Inc. shares
• NextNav Inc. (company) — the issuer of the securities
• Joseph D. Samberg Revocable Trust (company) — group member associated with the reporting person
• 11,782,000 (dollar_amount) — number of shares beneficially owned by Joseph D. Samberg

Forward-Looking Statements

• Joseph D. Samberg will maintain a significant ownership stake in NextNav Inc. for the foreseeable future. (Joseph D. Samberg) — medium confidence, target: 2025-01-22

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti

Filing Documents

• tm243834d1_sc13ga.htm (SC 13G/A) — 45KB
• 0001104659-24-005607.txt ( ) — 46KB

(a)

Item 1(a). Name of Issuer: NextNav Inc. (the “ Issuer ”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1775 Tysons Blvd., 5th Floor Mclean, Virginia 22102

(a)

Item 2(a). Names of Persons Filing: The names of the persons filing this report (each a “ Reporting Person ”, collectively, the “ Reporting Persons ”) are: 1. Joseph D. Samberg (“ Mr. Samberg ”); and 2. The Joseph D. Samberg Revocable Trust (the “ Revocable Trust ”)

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: 1091 Boston Post Road Rye, New York 10580

(c)

Item 2(c). Citizenship: Mr. Samberg is a United States citizen; and The Revocable Trust is a New York trust

(d)

Item 2(d). Title of Class of Securities: Common Stock, $0.0001 par value per share (the “ Common Stock ”)

(e)

Item 2(e). CUSIP Number: 65345N106 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. The information required by this item with respect to the Reporting Persons is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentages reported are based on the 110,157,410 shares of Common Stock outstanding as of November 30, 2023 as reported in the Issuer’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission on December 12, 2023. Mr. Samberg does not directly hold any shares of Common Stock. The Revocable Trust, of which Mr. Samberg serves as trustee, directly holds 9,500,000 shares of Common Stock, and entities that could be deemed to be controlled by Mr. Samberg (the “ Entities ”) directly hold 2,282,000 shares of Common Stock. Mr. Samberg may be deemed to beneficially own the securities directly held by the Revocable Trust and the Entities. The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . Not applicable. Item 8. Identification and Classification of Members of the Group . Not applicable. Item 9. Notice of Dissolution of Group . Not app

View Full Filing

View this SC 13G/A filing on SEC EDGAR