Sean R. Wallace - 15 Mar 2024 Form 4 Insider Report for AST SpaceMobile, Inc. (ASTS)

Role
Chief Financial Officer
Signature
/s/ Sean Wallace
Issuer symbol
ASTS
Transactions as of
15 Mar 2024
Net transactions value
-$28,543
Form type
4
Filing time
19 Mar 2024, 21:00:23 UTC
Previous filing
05 Dec 2022
Next filing
14 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTS Class A Common Stock Award $0 +150,000 +35% $0.000000 572,727 15 Mar 2024 Direct F1
transaction ASTS Class A Common Stock Tax liability $28,543 -9,090 -1.6% $3.14 563,637 15 Mar 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the award of performance Restricted Stock Units that vested 50% on March 15, 2024, upon the certification by the Issuer's compensation committee of the satisfaction of performance conditions, with the remaining 50% vesting on March 15, 2025, subject to continued service through the vesting date.
F2 Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 75,000 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of shares of 65,910 shares.