AST SpaceMobile (ASTS) CAO has shares withheld for RSU tax liability
Rhea-AI Filing Summary
AST SpaceMobile, Inc. Chief Accounting Officer Bernal Maya reported a tax-related share disposition tied to restricted stock vesting. On this date, 3,664 shares of Class A Common Stock were withheld to cover tax liabilities when Restricted Stock Units vested, resulting in a net 8,836 shares vesting to the officer. After this withholding, Maya directly owned 117,989 shares of Class A Common Stock. This event reflects routine tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,664 shares
Net Sell
1 txn
Insider
Bernal Maya
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 3,664 | $89.93 | $330K |
Holdings After Transaction:
Class A Common Stock — 117,989 shares (Direct)
Footnotes (1)
- F1. Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 3,664 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 8,836 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did AST SpaceMobile (ASTS) report for Bernal Maya?
AST SpaceMobile reported that Chief Accounting Officer Bernal Maya had 3,664 Class A Common Stock shares withheld to pay taxes on vested Restricted Stock Units, resulting in 8,836 net vested shares and total direct ownership of 117,989 shares after the transaction.
Was Bernal Maya’s AST SpaceMobile (ASTS) transaction an open-market sale?
No, the transaction was a tax-withholding disposition. Shares were withheld by the company to cover tax liability upon vesting of Restricted Stock Units, rather than sold on the open market, making it a routine administrative event rather than a discretionary sale.
What does the Form 4 footnote say about AST SpaceMobile (ASTS) RSU vesting?
The footnote explains that 3,664 shares were withheld to pay tax liability linked to the vesting of Restricted Stock Units under Rule 16b-3. After this withholding, the vesting produced 8,836 net shares of Class A Common Stock for the reporting officer.