AST SpaceMobile (NASDAQ: ASTS) director gets 2,124 restricted stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SARNOFF RICHARD reported acquisition or exercise transactions in this Form 4 filing.
AST SpaceMobile, Inc. director Richard Sarnoff received an equity grant of 2,124 restricted stock awards of Class A Common Stock at no cost. These awards vest in full on the earlier of the one-year anniversary of the June 12, 2026 grant date or the next annual meeting of stockholders, subject to continued service. Following this grant, he directly holds 80,363 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SARNOFF RICHARD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,124 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 80,363 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,124 shares
Grant price per share: $0.0000 per share
Holdings after transaction: 80,363 shares
3 metrics
Restricted stock grant
2,124 shares
Equity award of Class A Common Stock on June 12, 2026
Grant price per share
$0.0000 per share
Compensation-related restricted stock award
Holdings after transaction
80,363 shares
Total direct Class A Common Stock after the grant
Key Terms
restricted stock awards, annual meeting of stockholders, vesting date
3 terms
restricted stock awards financial
"Includes a grant of 2,124 restricted stock awards that vest in full on the earlier"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders following the grant date"
vesting date financial
"subject to continued service through the applicable vesting date"
FAQ
What insider transaction did ASTS director Richard Sarnoff report?
Richard Sarnoff reported receiving 2,124 restricted stock awards of AST SpaceMobile Class A Common Stock. The grant is a compensation-related equity award at no cost, rather than an open-market purchase or sale, and increases his directly held stake in the company.
What are the vesting terms of Richard Sarnoff’s ASTS restricted stock awards?
The 2,124 restricted stock awards vest in full on the earlier of the one-year anniversary of the June 12, 2026 grant date or the next annual meeting of stockholders. Vesting is contingent on Sarnoff’s continued service through the applicable vesting date.
What does the Form 4 code “A” mean in ASTS director Sarnoff’s filing?
In this Form 4, the code “A” stands for a grant, award, or other acquisition of AST SpaceMobile shares. It indicates the shares were received as a compensation-related equity award, not purchased in the market or acquired through option exercise.