Space Tech Director Boosts Stake in AST SpaceMobile Ahead of Key Milestones
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AST SpaceMobile (ASTS) director Julio A. Torres received a new equity grant of 801 restricted stock awards on June 24, 2025. Following this transaction, Torres beneficially owns a total of 58,239 shares of Class A Common Stock directly.
The restricted stock awards are subject to the following vesting conditions:
- Full vesting occurs at the earlier of:
- One-year anniversary of June 6, 2025
- Date of next annual stockholders meeting after grant date
- Continued service through the vesting date is required
This Form 4 filing was signed by Torres on June 26, 2025, within the required reporting timeline. The shares were acquired at $0.00 per share as part of the company's director compensation program.
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 | 801 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 58,239 shares (Direct)
Footnotes (1)
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FAQ
How many restricted stock awards did ASTS director Julio Torres receive on June 24, 2025?
According to the Form 4 filing, ASTS director Julio Torres received 801 restricted stock awards on June 24, 2025.
What are the vesting terms for Julio Torres's ASTS restricted stock awards granted in June 2025?
The restricted stock awards vest in full on the earlier of: (i) the one-year anniversary of June 6, 2025, or (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date.
What was the purchase price of the ASTS restricted stock awards granted to Julio Torres?
The restricted stock awards were granted at a price of $0.00 per share, as shown in the 'Price' column of Table I in the Form 4 filing.
What positions does Julio Torres hold at AST SpaceMobile (ASTS)?
According to the Form 4 filing, Julio Torres serves as a Director of AST SpaceMobile (ASTS). This is indicated by the 'X' marked in the Director box under Section 5 of the form.