AST SpaceMobile Director Julio A. Torres Receives Award

What Happened
Julio A. Torres, a director of AST SpaceMobile, Inc. (ASTS), received a grant of 2,124 restricted stock awards on June 12, 2026. The award was reported at a grant price of $0.00 (no cash paid at grant). The awards will only convert to ownership if and when they vest under the specified conditions.

Key Details

• Transaction date: 2026-06-12 (Form 4 filed: 2026-06-16). Investors may note the filing was four days after the transaction; the usual Form 4 deadline is two business days.
• Transaction type/code: A — Award/Grant.
• Shares granted: 2,124 restricted stock awards; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided data.
• Footnote (vesting): Awards vest in full on the earlier of (i) the one-year anniversary of the June 12, 2026 grant date, or (ii) the date of the next annual meeting of stockholders following the grant date, subject to continued service through the applicable vesting date.
• No tax-withholding, 10b5-1 plan, or cashless exercise details were provided in the supplied summary.

Context
Restricted stock awards are compensation that become actual shares only after vesting conditions are met; they do not represent an immediate market purchase or sale. Because this is a standard compensation grant to a director, it should be interpreted as part of routine equity-based pay rather than an explicit buy/sell signal. The economic value to the insider will depend on AST SpaceMobile’s stock price at vesting.