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This document outlines the proposed sale of securities under Rule 144 for NextNav Inc. by Sammaad Shams, detailing share information and sale dates.
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Form 144 is a notice of proposed sale of securities under the Securities Act of 1933. It is typically used by issuers or shareholders who intend to sell restricted or control securities.
Individuals who are considered insiders of a company, such as officers, directors, and beneficial owners of more than 10% of a class of equity securities, are required to file Form 144 when they plan to sell their securities.
To fill out Form 144, one must include the identity of the issuer, the date of the proposed sale, the number of shares being sold, the class of securities, and any other relevant information such as the amount of any securities already sold in the past 90 days.
The purpose of Form 144 is to provide information to the SEC about the sale of restricted securities, ensuring transparency and compliance with the Securities Act.
Form 144 must report the seller's name, address, the issuer's name, the class of securities, the number of shares to be sold, the method of sale, and any sales that have occurred in the last 90 days.
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