AST SpaceMobile Strengthens Director Incentives with Long-term Stock Awards
Filing Impact
Filing Sentiment
Form Type
4/A
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
1 transaction reported
Mixed
1 txn
Insider
SARNOFF RICHARD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,810 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 77,438 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 Sarnoff's 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 an amended Form 4 (Form 4/A) for Director Sarnoff?
The amendment was filed to correct the award type from restricted stock units to restricted stock awards in the original Form 4 filed on June 9, 2025.