AST SpaceMobile (NASDAQ: ASTS) logs new insider share transaction
Rhea-AI Filing Summary
AST SpaceMobile, Inc. (symbol: ASTS) is the issuer of record for a Form 4 filing submitted to the SEC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 150,000 shares
Net Buy
3 txns
Insider
Avellan Abel Antonio
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 150,000 | $0.00 | $0.00 |
| holding | Common Units F2, F3 | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 78,692,209 shares (Direct);
Common Units — 78,163,078 shares (Direct);
Class C Common Stock — 78,163,078 shares (Direct)
Footnotes (3)
- F1. Represents a grant of restricted stock units ("RSUs") that will vest one third on the first, second, and third anniversary of May 30, 2026, subject to the Reporting Person's continued service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The securities reported in this line item represent AST Common Units. At any time on or after April 6, 2022, these AST Common Units may be redeemed by the Reporting Person in exchange for shares of Class A common stock of the Issuer on a one-to-one basis. When a holder of Class C common stock of the Issuer exchanges AST Common Units for shares of Class A common stock of the Issuer, a number of shares of Class C common stock of the Issuer equal to the number of such AST Common Units will be immediately retired by the Issuer and will no longer be outstanding. The AST Common Units do not expire.
- F3. In connection with the closing of the business combination between New Providence Acquisition Corp. and AST & Science, LLC ("AST") on April 6, 2021, each existing common unit previously issued by AST was reclassified and reissued by AST into new Common Units on a 1-to-14.50149869 basis. In addition, each equityholder of Common Units received an equivalent number of Class B Common Stock or Class C Common Stock of the Issuer, as applicable.
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