NEXTNAV INC

Ticker: NNAVW CUSIP: 65345N114 Class: *W EXP 99/99/999

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

KITCHING PARTNERS, LLC

Value ($000) $220 Shares 30,726

GAMCO INVESTORS, INC. ET AL

Value ($000) $501 Shares 70,000

WELLS FARGO & COMPANY/MN

Value ($000) $25 Shares 3,550

Value ($000) $4 Shares 628

Institution	Shares	Value ($000)
KITCHING PARTNERS, LLC	30,726	$220
GAMCO INVESTORS, INC. ET AL	70,000	$501
WELLS FARGO & COMPANY/MN	3,550	$25
UBS Group AG	628	$4

Increased Positions (4)

ZAZOVE ASSOCIATES LLC

Value ($000) $1,221 (+211.2%) Shares 170,655 (+141.8%)

LMR Partners LLP

Value ($000) $9,331 (+515.6%) Shares 1,305,086 (+365.8%)

Caption Management, LLC

Value ($000) $6,012 (+122.3%) Shares 840,850 (+68.2%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $758 (+124.2%) Shares 106,078 (+71.8%)

Institution	Prev Shares	Curr Shares	Change
ZAZOVE ASSOCIATES LLC	70,580	170,655	+100,075 (+141.8%)
LMR Partners LLP	280,187	1,305,086	+1,024,899 (+365.8%)
Caption Management, LLC	500,000	840,850	+340,850 (+68.2%)
WOLVERINE ASSET MANAGEMENT LLC	61,728	106,078	+44,350 (+71.8%)

Decreased Positions (3)

ARISTEIA CAPITAL, L.L.C.

Value ($000) $1,024 (-85.6%) Shares 143,156 (-88.8%)

Value ($000) $7,168 (-49.0%) Shares 1,002,458 (-79.3%)

Walleye Capital LLC

Value ($000) $237 (-37.5%) Shares 33,205 (-52.7%)

Institution	Prev Shares	Curr Shares	Change
ARISTEIA CAPITAL, L.L.C.	1,279,731	143,156	-1,136,575 (-88.8%)
BARCLAYS PLC	4,850,005	1,002,458	-3,847,547 (-79.3%)
Walleye Capital LLC	70,232	33,205	-37,027 (-52.7%)

Exited Positions (3)

Value ($000) $3,247 Shares 600,219

Skaana Management L.P.

Value ($000) $449 Shares 83,054

Whitaker-Myers Wealth Managers, LTD.

Value ($000) $61 Shares 11,205

Institution	Prev Shares	Prev Value ($000)
CSS LLC/IL	600,219	$3,247
Skaana Management L.P.	83,054	$449
Whitaker-Myers Wealth Managers, LTD.	11,205	$61