Avellan Abel Antonio 4
4 · AST SpaceMobile, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
AST SpaceMobile (ASTS) CEO Abel Avellan Forfeits 22,490 Shares for Taxes
What Happened
- Avellan Abel Antonio (Abel Avellan), CEO of AST SpaceMobile, reported a forfeiture/withholding of 22,490 shares on March 31, 2026 to satisfy tax withholding related to the vesting of Restricted Stock Units (RSUs). The withheld shares were recorded at $82.87 each, totaling $1,863,746. The filing indicates these shares were withheld for taxes and not sold in the open market.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
- Price used for withholding: $82.87 per share; total value withheld: $1,863,746.
- RSUs vested represented 61,458 shares; 22,490 were forfeited/withheld, leaving a net vested amount of 38,968 shares delivered to the reporting person.
- Transaction code: F (tax withholding / forfeiture).
- Reporting person did not sell shares (no open-market sale reported).
- Additional filing notes: reported securities include AST Common Units that may be redeemable for Class A common stock on a one-for-one basis; previous reclassification of AST common units occurred in connection with the 2021 business combination.
Context
- This is a routine tax-withholding event that reduces the number of shares the insider actually receives upon RSU vesting; it is not a discretionary sale indicating sentiment. For retail investors, tax-withholding forfeitures are common and typically administrative rather than informative about the insider’s view of the stock.
Insider Transaction Report
Form 4
Avellan Abel Antonio
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-03-31$82.87/sh−22,490$1,863,746→ 78,574,963 total
Holdings
- 78,163,078
Class C Common Stock
- 78,163,078
Common Units
[F2][F3]→ Class A Common Stock (78,163,078 underlying)
Footnotes (3)
- [F1]Represents a payment of tax liability via forfeiture by withholding securities incident to the vesting of Restricted Stock Units representing 61,458 shares of Class A Common Stock issued in accordance with Rule 16b-3, resulting in a net vested number of 38,968 shares. The Reporting Person did not sell any shares.
- [F2]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 C 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 C 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.
- [F3]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.
Signature
/s/ Abel Avellan|2026-04-02