AST SpaceMobile Director Deepens Stake with New Stock Award Worth $57K
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
AST SpaceMobile director Julio A. Torres filed an amended Form 4 to correct the type of equity award received on June 6, 2025. The amendment clarifies that Torres received 4,810 restricted stock awards instead of restricted stock units as originally reported.
Key details of the transaction:
- The restricted stock awards will fully vest on either the one-year anniversary of the grant date (June 6, 2026) or the next annual stockholder meeting, whichever occurs first
- The awards were granted at $0.00 exercise price
- Following the transaction, Torres beneficially owns 57,438 shares of Class A Common Stock directly
- The original Form 4 was filed on June 10, 2025, with this amendment filed on June 26, 2025
This technical amendment reflects a change in award type classification but does not alter the fundamental terms of the equity compensation granted to the director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Torres Julio A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,810 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 57,438 shares (Direct)
Footnotes (1)
- Includes a grant of 4,810 restricted stock awards that vest in full on the earlier to occur of (i) the one-year anniversary of the June 6, 2025 grant date and (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date. This amendment is being filed to address a revision in the award type from restricted stock units to restricted stock awards.
FAQ
What are the vesting terms for ASTS Director Torres's June 2025 stock grant?
The restricted stock awards vest in full on the earlier of: (i) the one-year anniversary of the June 6, 2025 grant date, or (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date.
Why did ASTS file a Form 4/A amendment for Director Torres's stock grant?
The Form 4/A amendment was filed to correct the award type from restricted stock units to restricted stock awards. The amendment was filed on June 26, 2025, updating the original Form 4 filed on June 10, 2025.
What was the purchase price of ASTS restricted stock awarded to Director Torres?
The restricted stock awards were granted at a price of $0.00 per share.