Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 4)*
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NextNav Inc. (Name of Issuer) |
Common Stock, $0.0001 par value (Title of Class of Securities) |
65345N106 (CUSIP Number) |
11/13/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 65345N106 |
| 1 | Names of Reporting Persons
Joseph D. Samberg | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
13,420,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
9.86 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The numbers in Rows 6, 8 and 9 include (a) 1,000,000 shares of the common stock of the Issuer (the "Common Stock") issuable upon the exercise of publicly traded warrants (the "Public Warrants"), held by entities that could be deemed to be controlled by Mr. Samberg, with an exercise price of $11.50 per share of Common Stock that are immediately exercisable and expire on October 28, 2026 and (b) 250,000 shares of Common Stock issuable upon the exercise of call options (the "Options"), held by entities that could be deemed to be controlled by Mr. Samberg, with an exercise price of $12.00 that are immediately exercisable and expire on March 30, 2026. The percentage in Row 11 is based upon 136,079,088 shares of Common Stock outstanding (1) 134,829,088 shares of Common Stock outstanding as of November 3, 2025 as reported on the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 6, 2025; (2) 1,000,000 shares of Common Stock issuable upon the exercise of the Public Warrants and (3) 250,000 shares of Common Stock issuable upon the exercise of the Options.
SCHEDULE 13G
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| CUSIP No. | 65345N106 |
| 1 | Names of Reporting Persons
The Joseph D. Samberg Revocable Trust | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
NEW YORK
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
10,810,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
7.95 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: The numbers in Rows 6, 8 and 9 include (a) 900,000 shares of Common Stock issuable upon the exercise of the Public Warrants held by the Revocable Trust (as defined below) and (b) 250,000 shares of Common Stock issuable upon the exercise of the Options held by the Revocable Trust. The percentage in Row 11 is based upon 135,979,088 shares of Common Stock outstanding representing (1) 134,829,088 shares of Common Stock outstanding as of November 3, 2025 as reported on the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 6, 2025, (2) 900,000 shares of Common Stock issuable upon the exercise of the Public Warrants held by the Revocable Trust and (3) 250,000 shares of Common Stock issuable upon the exercise of the Options held by the Revocable Trust.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
NextNav Inc. | |
| (b) | Address of issuer's principal executive offices:
11911 Freedom Dr., Ste. 200, Reston, VA 20190 | |
| Item 2. | ||
| (a) | Name of person 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"). The Reporting Persons are filing this Amendment No. 4 to this Schedule 13G pursuant to Rule 13d-2(d) because on November 13, 2025, entities that could be deemed to be controlled by Mr. Samberg beneficially owned, in the aggregate, more than 10% of the outstanding Common Stock as a result of the purchase of the Public Warrants exercisable for 1,000,000 shares of Common Stock and Mr. Samberg became subject to Section 16 following that transaction. Following the sale of shares of Common Stock and other derivative securities on November 13, 2025 and November 14, 2025, which are recorded on a Form 4 filed by Mr. Samberg on November 17, 2025, the entities that could be deemed to be controlled by Mr. Samberg no longer beneficially own, in the aggregate, more than 10% of the outstanding Common Stock and Mr. Samberg is no longer subject to Section 16. | |
| (b) | Address or principal business office or, if none, residence:
1091 Boston Post Road, Rye, New York 10580 | |
| (c) | Citizenship:
See Row 4 of cover page for each Reporting Person | |
| (d) | Title of class of securities:
Common Stock, $0.0001 par value | |
| (e) | CUSIP No.:
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: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
See Row 9 of cover page for each Reporting Person. Mr. Samberg does not directly hold any shares of Common Stock. The Revocable Trust, of which Mr. Samberg serves as trustee, directly holds 9,660,000 shares of Common Stock, Public Warrants that are exercisable for 900,000 shares of Common Stock and Options that are exercisable for 250,000 shares of Common Stock, and entities that could be deemed to be controlled by Mr. Samberg (the "Entities") directly hold 2,510,000 shares of Common Stock and Options that are exercisable for 100,000 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. | |
| (b) | Percent of class:
See Row 11 of cover page for each Reporting Person and the Comments thereto. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person and the Comments thereto. | ||
| (ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person and the Comments thereto. | ||
| (iii) Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for each Reporting Person and the Comments thereto. | ||
| (iv) Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for each Reporting Person and the Comments thereto. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| 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
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| 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.
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