NextNav (NN) Form 3 NEXTNAV / Timothy M. Presutti ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Presutti Timothy M.

(Last) (First) (Middle)

2802 TIMMONS LANE #27440

(Street)

HOUSTON, TX 77227

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/19/2022

3. Issuer Name and Ticker or Trading Symbol
NEXTNAV INC. [ NN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	15,066,044	D(1)
Common Stock	640,000	I	See Footnotes(2)
Common Stock	20,000	I	See Footnotes(3)
Common Stock	385,498	I	See Footnotes(4)
Common Stock	2,510(12)	D
Common Stock	1,000	I	See Footnotes(5)
Common Stock	416,789	I	See Footnotes(6)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	(7)	(8)	Common Stock	700,215	11.5	I	See Footnotes(9)
Warrants	(7)	(8)	Common Stock	25,000	11.5	D(10)
Warrants	(7)	(8)	Common Stock	298,966	11.5	I	See Footnotes(11)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. Represents 385,498 shares of common stock held by Reds Road Holdings LLC ("RRH"). Mr. Presutti is the sole member of RRH.

5. 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.

6. 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.

7. The warrants became exercisable 30 days after the completion of the initial business combination, which closed on October 28, 2021 (the "Initial Business Combination").

8. The warrants will expire five years after the completion of the Initial Business Combination.

9. 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.

10. 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.

11. 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.

12. Represents shares directly and beneficially owned by Mr. Presutti, and includes 10 shares of common stock jointly owned with Mr. Presutti's spouse.

	/s/ Timothy M. Presutti	05/31/2022
	** Signature of Reporting Person	Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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