ASTS insider Form 4 shows 40,000-share option exercise

Rhea-AI Filing Summary

AST SpaceMobile, Inc. (ASTS) reported an insider equity transaction by its Chief Technology Officer. On 11/14/2025, the officer exercised AST LLC Incentive Equity Options for 40,000 shares of Class A Common Stock at an exercise price of $0.0641 per share, resulting in the acquisition of these shares. Following this transaction, the officer directly beneficially owned 44,750 shares of Class A Common Stock. The options exercised related to AST LLC Incentive Equity Options that are exercisable for units ultimately redeemable for Class A Common Stock, and a remaining 339,912 derivative securities were reported as beneficially owned indirectly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yao Huiwen

(Last) (First) (Middle)

C/O AST SPACEMOBILE, INC., MIDLAND AIR &

SPACE PORT, 2901 ENTERPRISE LANE

(Street)

MIDLAND TX 79706

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AST SpaceMobile, Inc. [ ASTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/14/2025		X		40,000(1)	A	$0.0641	44,750	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
AST LLC Incentive Equity Options	$0.0641	11/14/2025		X			40,000	10/01/2023(2)	04/17/2029(2)	Class A Common Stock	40,000	$0	339,912	I	See Footnote(2)

Explanation of Responses:

1. Represents shares of Class A Common Stock obtained from exercise of AST LLC Incentive Equity Options.

2. Six months after vesting, each AST LLC Incentive Equity Option is exercisable for an AST LLC Incentive Equity Unit, each of which is then exchangeable for an AST LLC Common Unit that is redeemable for one share of Class A Common Stock. The AST LLC Incentive Equity Options expire no later than 10 years from the date of grant.

	/s/ Huiwen Yao	11/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did AST SpaceMobile (ASTS) report in this Form 4?

The Chief Technology Officer of AST SpaceMobile, Inc. (ASTS) reported exercising AST LLC Incentive Equity Options on 11/14/2025 to acquire 40,000 shares of Class A Common Stock.

At what price were the ASTS shares acquired in the reported transaction?

The 40,000 Class A Common Stock shares were obtained upon option exercise at an exercise price of $0.0641 per share.

How many ASTS shares does the officer own directly after this transaction?

After the reported transaction, the officer directly beneficially owned 44,750 shares of AST SpaceMobile Class A Common Stock.

What derivative securities related to ASTS are reported as still beneficially owned?

The filing shows 339,912 AST LLC Incentive Equity Options beneficially owned indirectly, each ultimately linked to Class A Common Stock under the described exchange structure.

What is the structure of the AST LLC Incentive Equity Options reported for ASTS?

Each AST LLC Incentive Equity Option is exercisable for an AST LLC Incentive Equity Unit six months after vesting, which is exchangeable for an AST LLC Common Unit redeemable for one share of Class A Common Stock. The options expire no later than 10 years from the grant date.

What is the officer’s role at AST SpaceMobile (ASTS) in this Form 4?

The reporting person is identified as an Officer, serving as the company’s Chief Technology Officer.