Avellan Abel Antonio 4
Research Summary
AI-generated summary
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.