ASTS Form 4: 93,750 PSUs Achieved; 22,135 Shares Withheld for Taxes
Rhea-AI Filing Summary
Scott Wisniewski, President and Director of AST SpaceMobile, Inc. (ASTS), reported equity activity on 08/15/2025. The filing shows 93,750 performance-based stock units (PSUs) were deemed achieved at 125% of the 75,000 target and treated as acquisitions at $0, with one-third (31,250 PSUs) vesting immediately on 08/15/2025 and the remainder scheduled to vest equally on 08/15/2026 and 08/15/2027 subject to continued service. To cover tax liabilities, the issuer withheld and disposed of 12,297 and 9,838 shares at $48.08 each, corresponding to withholding on the vested PSUs and vested restricted stock units (RSUs). Following these transactions, the reported beneficial ownership totals shown on the form moved from 639,345 shares to 617,210 shares.
Positive
- Achievement of performance target: PSUs paid out at 125% of target, converting 75,000 target PSUs into 93,750 contingent shares.
- Immediate vested tranche: One-third (31,250 PSUs) vested on 08/15/2025, providing realized equity to the reporting person while remaining awards retain service-based vesting.
Negative
- Tax-related share disposals: The issuer withheld and disposed of a total of 22,135 shares (12,297 and 9,838) at $48.08 each to satisfy tax liabilities, reducing reported beneficial ownership.
- Reduction in reported holdings: Beneficial ownership shown on the form decreased from 639,345 to 617,210 shares after the withholding transactions.
Insights
TL;DR: Officer received a material PSU vesting event of 93,750 shares; tax withholding triggered disposals totaling 22,135 shares.
The filing documents achievement of performance conditions that converted 75,000 target PSUs into 93,750 contingent shares (125% payout). One-third vested immediately while the balance remains scheduled across two future anniversaries, preserving alignment with service requirements. The issuer withheld 22,135 shares via two dispositions at $48.08 to satisfy tax obligations, reducing reported beneficial ownership from 639,345 to 617,210 shares. This is a non-cash compensation realization event rather than an open-market sale and is typical for executive equity vesting and tax settlement.
TL;DR: Certification of performance milestones led to accelerated equity vesting; withholding disposals reflect standard tax-withholding practices.
The compensation committee certified company and individual performance metrics, triggering a 125% payout on PSUs. Vesting structure retains time-based service conditions for two-thirds of the award, supporting retention objectives. The reporting shows tax-withholding via share retention/disposition rather than cash payment, a common mechanism under Rule 16b-3. There are no indications of other derivative transactions or unusual related-party transfers in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 93,750 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 12,297 | $48.08 | $591K |
| Tax Withholding | Class A Common Stock | 9,838 | $48.08 | $473K |
Footnotes (1)
- Represents achievement of 125% of the 75,000 target number of performance-based stock unit awards ("PSUs") granted on August 15, 2024, following certification by the Issuer's compensation committee that the applicable company and individual performance conditions had been satisfied. One third of the PSUs representing 31,250 shares of Class A Common Stock vested immediately on August 15, 2025 and the remaining PSUs will vest equally on August 15, 2026 and August 15, 2027, 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. Represents a payment of tax liability by withholding securities incident to the vesting of PSUs representing 31,250 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 18,953 shares. Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 25,000 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 15,162 shares.
FAQ
What transactions did ASTS insider Scott Wisniewski report on 08/15/2025?
How many PSUs vested immediately for Scott Wisniewski in ASTS?
What is the remaining vesting schedule for the PSUs reported by ASTS?
What was the reported beneficial ownership after the transactions?