AST SpaceMobile (NASDAQ: ASTS) chief uses shares to cover taxes
Rhea-AI Filing Summary
AST SpaceMobile, Inc. (ASTS) reported that President Scott Wisniewski had two Form 4 transactions coded "F", both described as payments of tax liability by withholding shares rather than open-market sales. On 2026-08-15, 9,838 and 12,297 shares of Class A Common Stock were withheld at $70.98 per share in connection with the vesting of equity awards. These relate to the vesting of 25,000 Restricted Stock Units and 31,250 performance-based stock unit awards, resulting in net vested amounts of 15,162 and 18,953 shares, respectively.
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Insights
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Insider Trade Summary
Net Seller: 22,135 shares
Net Sell
2 txns
Insider
Wisniewski Scott
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 9,838 | $70.98 | $698K |
| Tax Withholding | Class A Common Stock F2 | 12,297 | $70.98 | $873K |
Holdings After Transaction:
Class A Common Stock — 707,443 shares (Direct)
Footnotes (2)
- F1. Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 25,000 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 15,162 shares.
- F2. Represents a payment of tax liability by withholding securities incident to the vesting of performance-based stock unit awards ("PSUs") representing 31,250 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 18,953 shares.
Key Figures
Tax-withholding shares (RSUs): 9,838 shares
Tax-withholding shares (PSUs): 12,297 shares
Withholding price per share: $70.98
+5 more
8 metrics
Tax-withholding shares (RSUs)
9,838 shares
Shares withheld on 2026-08-15 to pay tax liability on RSU vesting
Tax-withholding shares (PSUs)
12,297 shares
Shares withheld on 2026-08-15 to pay tax liability on PSU vesting
Withholding price per share
$70.98
Price per share used for both tax-withholding transactions
RSUs vested
25,000 shares
Restricted Stock Units representing 25,000 Class A shares vested
Net RSU shares vested
15,162 shares
Net shares after tax withholding from RSU vesting
PSUs vested
31,250 shares
Performance-based stock unit awards representing 31,250 Class A shares vested
Net PSU shares vested
18,953 shares
Net shares after tax withholding from PSU vesting
Total shares for tax liability
22,135 shares
Total shares delivered or withheld for payment of tax liability (code F)
Key Terms
Restricted Stock Units, performance-based stock unit awards ("PSUs"), Rule 16b-3
3 terms
Restricted Stock Units financial
"Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based stock unit awards ("PSUs") financial
"incident to the vesting of performance-based stock unit awards ("PSUs") representing 31,250 shares"
Rule 16b-3 regulatory
"Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transactions did ASTS President Scott Wisniewski report on this Form 4?
Scott Wisniewski reported two code F transactions disposing of 9,838 and 12,297 ASTS Class A shares. Both were payments of tax liability through share withholding tied to vesting equity awards, not open-market purchases or sales.
Were Scott Wisniewski’s ASTS Form 4 transactions open-market sales?
No, the transactions were tax-withholding dispositions, not open-market sales. Shares were withheld to pay tax liabilities arising from the vesting of Restricted Stock Units and performance-based stock unit awards on 2026-08-15.
What equity awards vested for ASTS President Scott Wisniewski in this filing?
The filing shows vesting of 25,000 Restricted Stock Units and 31,250 performance-based stock unit awards. After share withholding for taxes, net vested shares were 15,162 from RSUs and 18,953 from PSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.