Brian Heller - 15 Mar 2024 Form 4 Insider Report for AST SpaceMobile, Inc. (ASTS)

Role
EVP, GC & Secretary
Signature
/s/ Brian Heller
Issuer symbol
ASTS
Transactions as of
15 Mar 2024
Net transactions value
-$89,581
Form type
4
Filing time
19 Mar 2024, 21:00:36 UTC
Previous filing
12 Feb 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 +105,000 +65% $0.000000 266,719 15 Mar 2024 Direct F1
transaction ASTS Class A Common Stock Award $0 +145,000 +54% $0.000000 411,719 15 Mar 2024 Direct F2
transaction ASTS Class A Common Stock Tax liability $89,581 -28,529 -6.9% $3.14 383,190 15 Mar 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Restricted Stock Units that vest 50% per year on each anniversary of May 8, 2023, subject to continued service through the vesting date.
F2 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.
F3 Represents a payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units representing 72,500 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of shares of 43,971 shares.