AST SpaceMobile Director Receives 4,810 Restricted Shares in Annual Grant
AST SpaceMobile director Richard Sarnoff filed an amended Form 4 on June 28, 2025, correcting the type of equity award received.
Rhea-AI Filing Summary
AST SpaceMobile director Richard Sarnoff filed an amended Form 4 on June 28, 2025, correcting the type of equity award received. The amendment clarifies that Sarnoff was granted 4,810 restricted stock awards instead of restricted stock units on June 6, 2025.
Key details of the transaction:
- Award type corrected from RSUs to restricted stock awards
- Grant date: June 6, 2025
- Number of shares: 4,810
- Purchase price: $0.00
- Total beneficial ownership after transaction: 77,438 shares (Direct ownership)
The restricted stock awards vest in full upon the earlier of: (1) one-year anniversary of grant date (June 6, 2026) or (2) the next annual stockholder meeting, subject to continued service. This amendment was filed to correct the original Form 4 submitted on June 9, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,810 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. This amendment is being filed to address a revision in the award type from restricted stock units to restricted stock awards.
FAQ
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What are the vesting terms for ASTS Director Sarnoff's 2025 stock grant?
Why did ASTS file an amended Form 4 (Form 4/A) for Director Sarnoff?
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