Space Internet Pioneer AST SpaceMobile Boosts Director Stakes Amid Expansion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AST SpaceMobile director Richard Sarnoff received a new grant of 801 restricted stock awards on June 24, 2025. Following this transaction, Sarnoff now beneficially owns a total of 78,239 shares of Class A Common Stock directly.
The restricted stock awards are subject to vesting conditions that will fully vest on the earlier of:
- One-year anniversary of June 6, 2025
- Date of the next annual meeting of stockholders following the grant date
The vesting is contingent upon Sarnoff's continued service through the applicable vesting date. The shares were granted at $0.00 cost basis, representing standard director compensation. This Form 4 filing was submitted in compliance with SEC regulations for insider trading disclosure.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SARNOFF RICHARD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 801 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 78,239 shares (Direct)
Footnotes (1)
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FAQ
How many restricted stock awards did ASTS director Richard Sarnoff receive on June 24, 2025?
Richard Sarnoff received 801 restricted stock awards on June 24, 2025, as reported in the Form 4 filing.
When will Richard Sarnoff's ASTS restricted stock awards vest?
The restricted stock awards will vest in full on the earlier of either (i) June 6, 2026 (one-year anniversary of June 6, 2025) or (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date.
What is Richard Sarnoff's role at AST SpaceMobile (ASTS)?
According to the Form 4 filing, Richard Sarnoff serves as a Director of AST SpaceMobile (ASTS).