Avellan Abel Antonio 4
4 · AST SpaceMobile, Inc. · Filed Apr 8, 2021
Insider Transaction Report
Form 4
Avellan Abel Antonio
DirectorChief Executive Officer10% Owner
Transactions
- Award
Class C Common Stock
2021-04-06+78,163,078→ 78,163,078 total - Award
Common Units
2021-04-06+78,163,078→ 78,163,078 total→ Class A Common Stock (78,163,078 underlying)
Footnotes (2)
- [F1]In connection with the closing of the business combination between New Providence Acquisition Corp. and AST & Science, LLC ("AST") on April 6, 2021, each existing common unit previously issued by AST was reclassified and reissued by AST into new Common Units on a 1-to-14.50149869 basis. In addition, each equityholder of Common Units received an equivalent number of Class B Common Stock or Class C Common Stock of the Issuer, as applicable.
- [F2]The Common Units of AST may be redeemed by the Reporting Person at any time on or after April 6, 2022 for shares of the Issuer's Class A Common Stock on a one-to-one basis. The Common Units do not expire.