AST SpaceMobile CFO covers taxes with shares
AST SpaceMobile, Inc. director and CFO/CLO Andrew Martin Johnson reported a tax-related share disposition tied to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
AST SpaceMobile, Inc. director and CFO/CLO Andrew Martin Johnson reported a tax-related share disposition tied to equity compensation. On vesting of 75,000 Restricted Stock Units in Class A Common Stock, 29,513 shares were withheld to cover tax liabilities at $70.68 per share, resulting in a net 45,487 shares vesting to him. Following this withholding, he directly holds 570,805 shares of Class A Common Stock. This was an administrative tax-withholding event, not an open-market sale.
Insider Trade Summary
Exercise Price or Tax Liability: 29,513 shares
Exercise Price or Tax Liability
1 txn
Insider
Johnson Andrew Martin
Role
CFO and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 29,513 | $70.68 | $2.09M |
Holdings After Transaction:
Class A Common Stock — 570,805 shares (Direct)
Footnotes (1)
- F1. Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 75,000 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 45,487 shares.
Key Figures
Tax-withheld shares: 29,513 shares
Withholding price: $70.68 per share
RSUs vested: 75,000 shares
+2 more
5 metrics
Tax-withheld shares
29,513 shares
Shares withheld to cover tax liability on RSU vesting
Withholding price
$70.68 per share
Value used for 29,513 withheld shares
RSUs vested
75,000 shares
Restricted Stock Units converting into Class A Common Stock
Net vested shares
45,487 shares
Shares received by CFO after tax withholding
Post-transaction holdings
570,805 shares
Class A Common Stock directly held after the transaction
Key Terms
Restricted Stock Units, Rule 16b-3, tax liability, Class A Common Stock
4 terms
Restricted Stock Units financial
"Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 75,000 shares"
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.
Rule 16b-3 regulatory
"Restricted Stock Units representing 75,000 shares of Class A Common Stock issued in accordance with Rule 16b-3"
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.
tax liability financial
"Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units"
Class A Common Stock financial
"Restricted Stock Units representing 75,000 shares of Class A Common Stock issued in accordance with Rule 16b-3"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ASTS CFO Andrew Johnson report on this Form 4?
Andrew Johnson reported a tax-withholding disposition related to equity compensation. When 75,000 Restricted Stock Units vested, 29,513 shares of Class A Common Stock were withheld to cover taxes, leaving him with a net 45,487 vested shares and updated direct holdings.
What do the 75,000 Restricted Stock Units in the ASTS Form 4 represent?
The 75,000 Restricted Stock Units represent a stock-based compensation award that vested into Class A Common Stock. Upon vesting, part of the resulting shares—29,513—was withheld to pay tax obligations, and 45,487 shares became fully vested and held by Andrew Johnson.
How is the ASTS CFO’s tax liability satisfied in this Form 4 transaction?
His tax liability is satisfied by withholding shares rather than paying cash. When the 75,000 RSUs vested, the company withheld 29,513 Class A Common shares, valued at $70.68 each, to cover taxes, and delivered the remaining 45,487 shares to him.
Is this AST SpaceMobile Form 4 transaction considered a strong market signal?
This filing describes a routine tax-withholding event, typically viewed as administrative rather than a market-timing decision. Shares were withheld to cover taxes on RSU vesting, with no open-market purchase or sale, so it generally carries limited informational value about management’s outlook.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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