NEXTNAV INC.
3.90%
5,488,884
1865631
May 21, 2026
May 22, 2026, 08:00 PM
Reporting Persons (3)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Milfam CI LLC Spartacus | Other | 3.90% | 5,488,884 | 0 | 5,488,884 |
| SUBIN NEIL S | Individual | 2.50% | 3,447,328 | 180,523 | 3,266,805 |
| MILFAM CI Management LLC | Other | 0.00% | 0 | 0 | 0 |
Disclosure Items (4)
Common Stock, par value $0.0001 per share
NEXTNAV INC.
11911 Freedom Dr., Reston, VA, 20190
See rows (11) and (13) of the cover pages to this Amendment for the aggregate number of shares of Common Stock and percentages of the shares of Common Stock beneficially owned by each Reporting Person. The percentage reported in this Amendment is based upon 136,439,939 shares of Common Stock outstanding as of May 11, 2026 (according to the Form 10-Q).
See rows (7) through (10) of the cover pages to this Amendment for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
The following transactions were effected in the sixty days prior to the date of this Amendment involving the Reporting Persons: N/A
N/A
May 22, 2026
On May 22, 2026, CI Spartacus entered into a Portfolio Management Agreement (the "PMA") with Warberg Asset Management LLC (the "Portfolio Manager"), pursuant to which CI Spartacus appointed the Portfolio Manager as its investment advisor with sole and exclusive discretionary trading authority over securities held by CI Spartacus. As a result of the PMA, neither CI Management nor Mr. Subin, through his ownership and control of CI Management, retains beneficial ownership of the securities held by CI Spartacus, and each Reporting Person has accordingly ceased to be the beneficial owner of more than five percent of the Common Stock.
Exhibit 1 - Portfolio Management Agreement, dated May 22, 2026, by and between Warberg Asset Management LLC and MILFAM CI LLC SPARTACUS. (Schedules and exhibits have been omitted as they are not material. They will be furnished supplementally to the SEC upon request.)