[Form 4] AST SpaceMobile, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Andrew M. Johnson, who serves as CFO and CLO and is reported as a director of AST SpaceMobile, Inc. (ASTS), disclosed an open-market sale of Class A common stock on 08/26/2025. The filing reports 20,000 shares sold at a weighted average price of $52.48 (individual sale prices ranged from $52.46 to $52.56). After the sale, the reporting person beneficially owns 397,485 shares. The Form 4 is signed by the reporting person and includes a footnote offering to provide the exact number of shares sold at each price within the disclosed range.

Positive

• Timely disclosure of the insider sale on Form 4 by an officer and director
• Weighted average price and price range are provided, with an offer to disclose per-trade quantities on request, enhancing transparency
• Reporting person retains substantial ownership after the transaction (397,485 shares)

Negative

• Officer sold 20,000 shares, which reduces insider holdings and could be interpreted by some investors as a negative signal
• No indication in the filing of a Rule 10b5-1 plan or the reasons for the sale, leaving motive unclear

Insights

Corporate Governance Expert

TL;DR: Insider sale disclosed by CFO/CLO reduces his stake; filing appears compliant and transparent.

The Form 4 documents an open-market disposition by a named officer and director on 08/26/2025. The report provides the weighted average selling price and a footnote committing to disclose per-price quantities if requested, which supports regulatory transparency. The filing shows continued substantial ownership post-sale, suggesting the transaction was not a full divestiture. From a governance perspective, timely Form 4 disclosure is appropriate and helps maintain market transparency.

Securities Analyst

TL;DR: A modest-sized sale of 20,000 shares at ~$52.48 each; the transaction is routine and not by itself material.

The sale reduced the reporting person's beneficial holdings to 397,485 shares. The weighted average sale price is disclosed with a narrow price range, and the filer offers to provide detailed per-trade counts on request. There is no indication in the Form 4 of derivative transactions or plans such as Rule 10b5-1; the form is a straightforward Section 16 disclosure. Absent other company news, this single transaction is unlikely to be materially impactful to ASTS valuation on its own.

Insider Trade Summary

Net Seller: 20,000 shares

Net Sell 1 txn

Insider Johnson Andrew Martin

Role CFO and CLO

Sold 20,000 shs ($1.05M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	20,000	$52.48	$1.05M

Holdings After Transaction: Class A Common Stock — 397,485 shares (Direct)

Footnotes (1)

1. F1. Represents the weighted average selling price. These shares were sold in multiple transactions at prices ranging from $52.46 per share to $52.56 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/26/2025 - 06:34 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Johnson Andrew Martin

(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)
	CFO and CLO

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S		20,000	D	$52.48(1)	397,485	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

Explanation of Responses:

1. Represents the weighted average selling price. These shares were sold in multiple transactions at prices ranging from $52.46 per share to $52.56 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Andrew M. Johnson	08/26/2025
	** 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.