AST SpaceMobile (ASTS) CFO withholds vested shares to cover taxes
Filing Impact
Filing Sentiment
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 the vesting of Restricted Stock Units representing 33,333 shares of Class A Common Stock, 12,167 shares were withheld at $82.87 per share to cover tax liabilities, resulting in a net vesting of 21,166 shares. After this withholding, he directly holds 600,318 shares of Class A Common Stock.
This event reflects routine tax withholding on stock-based compensation rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Andrew Martin
Role
CFO and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 12,167 | $82.87 | $1.01M |
Holdings After Transaction:
Class A Common Stock — 600,318 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 12,167 shares
Withholding price per share: $82.87 per share
RSUs vested: 33,333 shares
+2 more
5 metrics
Shares withheld for taxes
12,167 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$82.87 per share
Value used for tax-withholding disposition
RSUs vested
33,333 shares
Restricted Stock Units representing Class A Common Stock
Net vested shares
21,166 shares
After withholding 12,167 shares for taxes
Shares held after transaction
600,318 shares
Direct Class A Common Stock holdings post-transaction
Key Terms
Restricted Stock Units, Rule 16b-3, tax-withholding disposition, 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 33,333 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 33,333 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-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class A Common Stock financial
"security_title": "Class A Common Stock""
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.