[ReCl3(PPh3)2(NCMe)] reacts with pincer ligand HN(CH2CH2PtBu2)2 (HPNP) to five coordinate rhenium(III) complex [ReCl2(PNP)]. This compound cleaves N2 upon reduction to give rhenium(V) nitride [Re(N)Cl(PNP)], as the first example in the coordination sphere of Re. Functionalization of the nitride ligand derived from N2 is demonstrated by selective C-N bond formation with MeOTf.