Adriana Cisneros - Aug 18, 2021 Form 4 Insider Report for AST SpaceMobile, Inc. (ASTS)

Role: Director
Signature: /s/ Adriana Cisneros
Stock symbol: ASTS
Transactions as of: Aug 18, 2021
Transactions value $: $28,985
Form type: 4
Date filed: 8/20/2021, 04:41 PM
Previous filing: Aug 17, 2021
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTS	Class A Common Stock	Purchase	$29K	+3.4K		$8.53	3.4K	Aug 18, 2021	Direct
holding	ASTS	Class A Common Stock						200K	Aug 18, 2021	By Company	F1, F2
holding	ASTS	Class B Common Stock						9.93M	Aug 18, 2021	By Company	F2, F3
holding	ASTS	Class A Common Stock						5.6K	Aug 18, 2021	By Spouse	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ASTS	AST Common Units						9.93M	Aug 18, 2021	Class A Common Stock	9.93M		By Company	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Subscription Agreement, dated as of December 15, 2020, between the Issuer and Invesat LLC, Invesat LLC acquired 200,000 shares of Class A common stock of the Issuer for an aggregate purchase price of $2,000,000, as an investor in the private investment in public equity investment (a "PIPE Investment") in the Issuer occurring substantially concurrently with the closing of the business combination between New Providence Acquisition Corp. and AST & Science, LLC ("AST") on April 6, 2021. The Reporting Person may be deemed to beneficially own such securities in her capacity as President of Invesat LLC.
F2	The Reporting Person disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.
F3	In connection with the closing of the business combination between New Providence Acquisition Corp. and AST on April 6, 2021, pursuant to the Fifth Amended & Restated Limited Liability Company Operating Agreement of AST & Science, LLC, dated as of April 6, 2021, by and among AST, the Issuer, as the managing member of AST and the other members of AST (the "A&R Operating Agreement"), each existing limited liability company common unit previously issued by AST was reclassified and reissued by AST into new "Common Units" (the "AST Common Units") on a 1-to-14.50149869 basis. In addition, each equityholder of AST Common Units received an equivalent number of shares of non-economic Class B common stock of the Issuer or Class C common stock of the Issuer, as applicable.
F4	The securities reported in this line item represent AST Common Units. At any time on or after April 6, 2022, these AST Common Units may be redeemed by the Reporting Person in exchange for shares of Class A common stock of the Issuer on a one-to-one basis. When a holder of Class B common stock of the Issuer exchanges AST Common Units for shares of Class A common stock of the Issuer, a number of shares of Class B common stock of the Issuer equal to the number of such AST Common Units will be immediately retired by the Issuer and will no longer be outstanding. The AST Common Units do not expire.