Sec Form 4 Filing - FLYNN MICHAEL T @ Airspan Networks Holdings Inc. - 2021-08-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person FLYNN MICHAEL T 2. Issuer Name and Ticker or Trading Symbol Airspan Networks Holdings Inc. [ MIMO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 777 YAMATO ROAD, SUITE 310 3. Date of Earliest Transaction (MM/DD/YY) 08/13/2021 (Street) BOCA RATON, FL33431 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/13/2021 A 25,359 A 25,359 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 2 ) 08/13/2021 A 57,750 ( 3 ) ( 3 ) Common Stock 57,750 $ 0 57,750 D Stock Option (right to buy) $ 1.94 08/13/2021 A 7,332 08/13/2021 06/09/2024 Common Stock 7,332 ( 4 ) 7,332 D Stock Option (right to buy) $ 2.53 08/13/2021 A 10,389 08/13/2021 11/04/2024 Common Stock 10,389 ( 5 ) 10,389 D Stock Option (right to buy) $ 2.53 08/13/2021 A 8,330 08/13/2021 01/29/2025 Common Stock 8,330 ( 6 ) 8,330 D Stock Option (right to buy) $ 2.66 08/13/2021 A 11,162 08/13/2021 02/03/2026 Common Stock 11,162 ( 7 ) 11,162 D Stock Option (right to buy) $ 3.36 08/13/2021 A 23,473 ( 8 ) 04/27/2027 Common Stock 23,473 ( 9 ) 23,473 D Stock Option (right to buy) $ 5.42 08/13/2021 A 28,999 ( 10 ) 01/29/2029 Common Stock 28,999 ( 11 ) 28,999 D Stock Option (right to buy) $ 3.96 08/13/2021 A 29,357 ( 12 ) 02/11/2030 Common Stock 29,357 ( 13 ) 29,357 D Stock Option (right to buy) $ 6.29 08/13/2021 A 13,533 ( 14 ) 01/28/2031 Common Stock 13,533 ( 15 ) 13,533 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FLYNN MICHAEL T 777 YAMATO ROAD, SUITE 310 BOCA RATON, FL33431 X Signatures /s/ David Brant, Attorney-in-Fact 08/13/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Received in exchange for 4,396 restricted shares of Airspan Networks Inc. ("Legacy Airspan") common stock in connection with the merger of Artemis Merger Sub Corp. ("Merger Sub") with and into Legacy Airspan (the "Merger") pursuant to that certain Business Combination Agreement, dated as of March 8, 2021, by and among Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), Legacy Airspan and Merger Sub. ( 2 )Each restricted stock unit ("RSU") represents a right to receive one share of Airspan Networks Holdings Inc. common stock. ( 3 )The RSUs vest on the earliest to occur of (a) August 13, 2022, (b) Mr. Flynn's death, (c) Mr. Flynn's disability and (d) Mr. Flynn's qualifying separation, provided that Mr. Flynn continues to be a director of Airspan Networks Holdings Inc. through such date or event. ( 4 )Received in the Merger in exchange for a stock option to acquire 1,271 shares of Legacy Airspan common stock for $11.22 per share. ( 5 )Received in the Merger in exchange for a stock option to acquire 1,801 shares of Legacy Airspan common stock for $14.61 per share. ( 6 )Received in the Merger in exchange for a stock option to acquire 1,444 shares of Legacy Airspan common stock for $14.61 per share. ( 7 )Received in the Merger in exchange for a stock option to acquire 1,935 shares of Legacy Airspan common stock for $15.32 per share ( 8 )The stock option vests as to 25% on April 27, 2018, and in 36 equal monthly installments thereafter. ( 9 )Received in the Merger in exchange for a stock option to acquire 4,069 shares of Legacy Airspan common stock for $19.37 per share. ( 10 )The stock option vests as to 25% on January 29, 2020, and in 36 equal monthly installments thereafter. ( 11 )Received in the Merger in exchange for a stock option to acquire 5,027 shares of Legacy Airspan common stock for $31.26 per share. ( 12 )The stock option vests as to 25% on February 11, 2021, and in 36 equal monthly installments thereafter. ( 13 )Received in the Merger in exchange for a stock option to acquire 5,089 shares of Legacy Airspan common stock for $22.86 per share. ( 14 )The stock option vests as to 25% on January 28, 2022, and in 36 equal monthly installments thereafter. ( 15 )Received in the Merger in exchange for a stock option to acquire 2,346 shares of Legacy Airspan common stock for $36.30 per share.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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