AST SpaceMobile (NASDAQ: ASTS) CEO receives 184,375-share performance award

Rhea-AI Filing Summary

AST SpaceMobile, Inc. chief executive officer Abel Avellan reported an equity compensation award rather than an open‑market trade. He acquired 184,375 shares of Class A Common Stock on March 24, 2026 as a grant with a reported price of $0.00 per share, tied to performance-based stock unit awards granted on December 2, 2025.

According to the filing, 61,459 of these performance stock units will vest on March 31, 2026, with the remainder vesting equally on March 31, 2027 and March 31, 2028, subject to his continued service. After this award, Avellan directly holds 78,597,453 shares of Class A Common Stock, plus 78,163,078 Common Units that are redeemable on a one‑for‑one basis into Class A shares. A corresponding 78,163,078 shares of Class C Common Stock are paired with these units and are retired as units are exchanged.

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^*

Avellan Abel Antonio

(Last) (First) (Middle)

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

SPACE PORT, 2901 ENTERPRISE LANE

(Street)

MIDLAND TEXAS 79706

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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

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

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 C Common Stock								78,163,078	D
Class A Common Stock	03/24/2026		A		184,375(1)	A	$0	78,597,453	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
Common Units	(2)(3)							(2)(3)	(2)(3)	Class A Common Stock	78,163,078		78,163,078	D

Explanation of Responses:

1. Represents achievement of certain performance-based stock unit awards ("PSUs") granted on December 2, 2025, following certification by the Issuer's compensation committee that the applicable individual performance conditions had been satisfied. One third of the PSUs representing 61,459 shares of Class A Common Stock will vest on March 31, 2026 and the remaining PSUs will vest equally on March 31, 2027 and March 31, 2028, subject to the Reporting Person's continued service through the vesting dates. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. 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.

3. 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.

	/s/ Abel Avellan	03/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did AST SpaceMobile (ASTS) CEO Abel Avellan report in this Form 4?

Abel Avellan reported receiving an equity award of 184,375 shares of AST SpaceMobile Class A Common Stock. The award reflects performance-based stock units granted in 2025 and is compensation-related, not an open-market stock purchase or sale.

Is the ASTS Form 4 for Abel Avellan a stock buy or sell transaction?

The Form 4 does not show an open-market buy or sell. It reports a grant of 184,375 Class A shares at $0.00 per share linked to performance-based stock units, which is a compensation award rather than a discretionary market trade.

How many AST SpaceMobile (ASTS) shares does Abel Avellan hold after this Form 4?

After the reported grant, Abel Avellan directly holds 78,597,453 shares of AST SpaceMobile Class A Common Stock. He also holds 78,163,078 Common Units that are redeemable one‑for‑one into Class A shares, paired with an equal number of Class C shares.

What are the vesting terms of Abel Avellan’s ASTS performance stock units?

The performance stock units were granted on December 2, 2025. One third, representing 61,459 Class A shares, vests on March 31, 2026, with the remaining units vesting equally on March 31, 2027 and March 31, 2028, contingent on continued service.

What are AST SpaceMobile Common Units mentioned in the ASTS Form 4?

The Common Units are AST equity interests that may be redeemed into AST SpaceMobile Class A Common Stock on a one‑for‑one basis any time on or after April 6, 2022. When units are exchanged, an equal number of paired Class C shares is immediately retired.

Does the ASTS Form 4 indicate any expiration for the AST Common Units?

The filing states that the AST Common Units do not expire. They are redeemable into AST SpaceMobile Class A Common Stock on a one‑for‑one basis beginning April 6, 2022, with associated Class C Common Stock retired upon each exchange.