AST SpaceMobile (ASTS) CTO Yao Huiwen Sells 40,000 Shares

What Happened

• Yao Huiwen, Chief Technology Officer of AST SpaceMobile (ASTS), sold 40,000 shares on September 16, 2026. The weighted average sale price was $58.93 per share for total proceeds of $2,357,200. The shares were sold in multiple transactions (sale code S).

Key Details

• Transaction date: 2026-09-16 (reported on Form 4 filed 2026-09-17 — timely filing)
• Sale type and price: Open-market sale under sale code "S"; weighted average price $58.93; individual trade prices ranged from $57.52 to $60.31
• Proceeds: Approximately $2,357,200
• Shares owned after transaction: Not specified in the provided excerpt — consult the full Form 4 for post-transaction holdings
• Notable footnotes:
  • F1: Transaction was effected under a Rule 10b5-1 trading plan adopted June 5, 2026
  • F2: The $58.93 figure is a weighted average; the filing offers to provide a breakdown of shares sold at each price within the $57.52–$60.31 range upon request

Context

• Sales executed under a 10b5-1 plan are prearranged trades and are commonly used by insiders to sell shares on a scheduled basis; they do not, by themselves, indicate the insider's current view of the company. This filing reports a routine sale rather than a purchase or option exercise.