Adriana Cisneros - Dec 2, 2022 Form 4 Insider Report for AST SpaceMobile, Inc. (ASTS)

Role: Director
Signature: /s/ Adriana Cisneros
Stock symbol: ASTS
Transactions as of: Dec 2, 2022
Transactions value $: $200,002
Form type: 4
Date filed: 12/5/2022, 07:00 AM
Previous filing: May 27, 2022
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTS	Class A Common Stock	Purchase	$200K	+36.4K	+1069.53%	$5.50	39.8K	Dec 2, 2022	Direct	F1
holding	ASTS	Class A Common Stock						200K	Dec 2, 2022	By Company	F2, F3
holding	ASTS	Class B Common Stock						9.93M	Dec 2, 2022	By Company	F3, F4
holding	ASTS	Class A Common Stock						5.6K	Dec 2, 2022	By Spouse	F3

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	Dec 2, 2022	Class A Common Stock	9.93M		By Company	F3, F5

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

Explanation of Responses:

Id	Content
F1	On December 2, 2022, the Issuer closed its previously announced offering of 13,636,364 shares of Class A Common Stock sold pursuant to an underwriting agreement, dated November 29, 2022, with B. Riley Securities, Inc. The amount herein represents a purchase by the reporting person in such public offering.
F2	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.
F3	The Reporting Person disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.
F4	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.
F5	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.