SEVERSON THOMAS E JR 4
4 · AST SpaceMobile, Inc. · Filed Apr 8, 2021
Insider Transaction Report
Form 4
SEVERSON THOMAS E JR
DirectorChief Fin. & Operating Officer
Transactions
- Award
Class B Common Stock
2021-04-06+1,595,165→ 1,595,165 total - Award
Common Units
2021-04-06+1,595,165→ 1,595,165 total→ Class A Common Stock (1,595,165 underlying) - Award
Stock Option
2021-04-06+1,566,161→ 1,566,161 totalExercise: $0.06Exp: 2029-04-17→ Common Units (1,566,161 underlying)
Footnotes (3)
- [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.
- [F3]The stock option vests and becomes exercisable with respect to 20% of the underlying Common Units on October 1, 2018, and the remaining will vest and become exercisable in 48 equal monthly installments thereafter.