Director Julio A. Torres receives 2,124 AST SpaceMobile (ASTS) restricted shares
Rhea-AI Filing Summary
Torres Julio A. reported acquisition or exercise transactions in this Form 4 filing.
AST SpaceMobile director Julio A. Torres received an equity grant of 2,124 shares of Class A Common Stock as a restricted stock award. The award was granted at a price of $0.00 per share as compensation, not a market purchase.
These restricted shares vest in full on the earlier of the one-year anniversary of the June 12, 2026 grant date or the next annual meeting of stockholders following the grant date, subject to his continued service through that vesting date. After this grant, Torres directly holds 45,363 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases director’s stake with time-based vesting.
Director Julio A. Torres received a grant of 2,124 restricted shares of AST SpaceMobile, Inc. Class A Common Stock at $0.00 per share. This is a non-cash equity award, typical for director compensation, and not an open-market purchase.
The restricted stock vests in full on the earlier of the one-year anniversary of the June 12, 2026 grant date or the next annual meeting of stockholders, provided he continues serving until vesting. Following the grant, he holds 45,363 shares directly, indicating a modest increase in his aligned ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,124 | $0.00 | $0.00 |
Footnotes (1)
- F1. Includes a grant of 2,124 restricted stock awards that vest in full on the earlier to occur of (i) the one-year anniversary of the June 12, 2026 grant date and (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date.
Key Figures
Key Terms
restricted stock awards financial
vest in full financial
annual meeting of stockholders financial
continued service financial
FAQ
What did AST SpaceMobile (ASTS) director Julio A. Torres report in this Form 4?
Is the ASTS Form 4 transaction a market purchase or a compensation grant?
What does the A transaction code mean in the ASTS Form 4 filing?
Does the ASTS Form 4 indicate any stock sales by Julio A. Torres?
AI-generated analysis. How Rhea-AI works. Not financial advice.