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NEXTNAV INC. — Director's Dealing 2022
May 31, 2022
31677_dirs_2022-05-31_24b5ed4b-53dd-444c-967b-8d6e7742e5b7.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NEXTNAV INC. (NN)
CIK: 0001865631
Period of Report: 2022-05-19
Reporting Person: Presutti Timothy M. (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 15066044 | Direct |
| Common Stock | 640000 | Indirect |
| Common Stock | 20000 | Indirect |
| Common Stock | 385498 | Indirect |
| Common Stock | 2510 | Direct |
| Common Stock | 1000 | Indirect |
| Common Stock | 416789 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrants | $11.50 | Common Stock (700215) | Indirect | ||
| Warrants | $11.50 | Common Stock (25000) | Direct | ||
| Warrants | $11.50 | Common Stock (298966) | Indirect |
Footnotes
F1: Represents 15,066,004 shares of common stock held by WOCAP Global Opportunity Investment Partners, LP ("WOCAP LP"), whose general partner is WOCAP Global Opportunity Investment Partners GP LLC ("WOCAP GOIP GP LLC"), whose managing member is Woody Creek MM LLC ("WCMM LLC"). Mr. Presutti is the sole member of WCMM LLC.
F2: Represents 640,000 shares of common stock held by WOCAP II LP ("WOCAP II"), whose general partner is WOCAP II GP LLC ("WOCAP II GP"). Mr. Presutti is the sole member of WOCAP II GP.
F3: Represents 20,000 shares of common stock held by WOCAP GOIP GP LLC, whose managing member is WCMM LLC. Mr. Presutti is the sole member of WCMM LLC.
F4: Represents 385,498 shares of common stock held by Reds Road Holdings LLC ("RRH"). Mr. Presutti is the sole member of RRH.
F5: Represents 1,000 shares of common stock held by Woody Creek Capital Partners Defined Benefit Pension Plan, whose trustee and a beneficiary is Mr. Presutti.
F6: Represents 416,789 shares of common stock held by Broadbill Credit Arbitrage LLC ("BCA"), whose sole member is WOCAP II, whose general partner is WOCAP II GP. Mr. Presutti is the sole member of WOCAP II GP.
F7: The warrants became exercisable 30 days after the completion of the initial business combination, which closed on October 28, 2021 (the "Initial Business Combination").
F8: The warrants will expire five years after the completion of the Initial Business Combination.
F9: Represents 700,215 warrants exercisable for the right to purchase 700,215 shares of common stock held by RRH. Mr. Presutti is the sole member of RRH.
F10: Represents 25,000 warrants exercisable for the right to purchase 25,000 shares of common stock held by WOCAP LP, whose general partner is WOCAP GOIP GP LLC, whose managing member is WCMM LLC. Mr. Presutti is the sole member of WCMM LLC.
F11: Represents 298,966 warrants exercisable for the right to purchase 298,966 shares of common stock held by BCA, whose sole member is WOCAP II, whose general partner is WOCAP II GP. Mr. Presutti is the sole member of WOCAP II GP.
F12: Represents shares directly and beneficially owned by Mr. Presutti, and includes 10 shares of common stock jointly owned with Mr. Presutti's spouse.