Was the AST SpaceMobile (ASTS) CTO’s share sale under a Rule 10b5-1 plan?

Yes. The filing states the CTO’s sale was executed under a Rule 10b5-1 trading plan adopted on June 12, 2025. Such plans schedule trades in advance, which can reduce the significance of the trade’s specific timing as a market signal.

AST SpaceMobile (ASTS) CTO sells 40,000 shares under 10b5-1 trading plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

AST SpaceMobile, Inc.’s Chief Technology Officer, Yao Huiwen, reported an open-market sale of 40,000 shares of Class A common stock. The weighted average sale price was $88.88 per share, with individual trades executed between $86.71 and $90.70.

After this transaction, Yao directly holds 4,750 shares of Class A common stock. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2025, indicating the trades were scheduled in advance rather than timed discretionarily.

Insights

CTO’s 40,000-share 10b5-1 sale looks sizable but pre-planned.

The Chief Technology Officer of AST SpaceMobile executed an open-market sale of 40,000 Class A shares at a weighted average price of $88.88. Trades occurred within a price range of $86.71 to $90.70, reflecting typical execution across multiple fills.

Following the sale, the CTO directly holds 4,750 shares, implying a significantly smaller remaining direct equity stake from this filing’s perspective. However, the transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2025, which suggests the sales were scheduled in advance and reduces the informational value of their specific timing.

There are no derivative positions listed in this filing’s derivative summary, so the visible equity exposure consists of the remaining 4,750 directly held shares. Future company filings may clarify any additional equity awards or plans affecting the executive’s longer-term ownership profile.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares ($3,555,200)

Net Sell 1 txn

Insider Yao Huiwen

Role Chief Technology Officer

Sold 40,000 shs ($3.56M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	40,000	$88.88	$3.56M

Holdings After Transaction: Class A Common Stock — 4,750 shares (Direct)

Footnotes (1)

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025. Represents the weighted average selling price. These shares were sold in multiple transactions at prices ranging from $86.71 per share to $90.70 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.

Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 05:51 PM

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^*

Yao Huiwen

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/23/2026		S		40,000⁽¹⁾	D	$88.88⁽²⁾	4,750	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025.

2. Represents the weighted average selling price. These shares were sold in multiple transactions at prices ranging from $86.71 per share to $90.70 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/ Huiwen Yao	03/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AST SpaceMobile (ASTS) report for its CTO?

AST SpaceMobile reported that Chief Technology Officer Yao Huiwen sold 40,000 shares of Class A common stock in an open-market transaction. The weighted average sale price was $88.88 per share, based on multiple trades between $86.71 and $90.70.

At what prices did the AST SpaceMobile (ASTS) CTO sell shares?

The CTO’s 40,000-share sale used a weighted average price of $88.88 per share. Individual trades occurred across multiple transactions, with prices ranging from $86.71 to $90.70 per share, according to the disclosed execution range.

How many AST SpaceMobile (ASTS) shares does the CTO hold after the sale?

After the reported transaction, Chief Technology Officer Yao Huiwen directly holds 4,750 shares of AST SpaceMobile Class A common stock. This figure reflects the position remaining immediately following the 40,000-share open-market sale reported in the Form 4.

What does the weighted average price mean in the AST SpaceMobile (ASTS) CTO sale?

The weighted average price of $88.88 reflects the blended price across multiple trade executions. Shares were sold between $86.71 and $90.70, and the company notes it can provide detailed trade-by-trade pricing information upon request to investors or regulators.

Does the AST SpaceMobile (ASTS) Form 4 show any option exercises or derivatives for the CTO?

The filing’s derivative summary is empty, indicating no option exercises or other derivative transactions were reported in this Form 4. The disclosed activity involves only the 40,000-share open-market sale of Class A common stock and the resulting 4,750-share direct holding.