AST SpaceMobile, Inc.: reports employment agreement with Andrew M. Johnson

What happened

• AST SpaceMobile, Inc. filed an 8-K reporting that on Oct 14, 2026 the company and its subsidiary AST & Science, LLC entered into an executive employment agreement with Andrew M. Johnson, the company’s Executive Vice President, Chief Financial Officer and Chief Legal Officer.
• The Employment Agreement supersedes Mr. Johnson’s prior employment agreement and has an initial term of 3 years beginning on Oct 14, 2026, with automatic renewal for successive 1-year terms unless either party gives at least 30 days’ notice of non-renewal.

Key details

• Annual base salary of not less than $250,000, subject to annual review by the Compensation Committee.
• Eligible for an annual performance bonus as determined by the Board of Directors (or a committee thereof) and for time-based and performance-based restricted stock unit awards under the AST SpaceMobile, Inc. 2024 Incentive Award Plan.
• If terminated by the company without Cause, by Mr. Johnson for Good Reason, or due to non-renewal, he is entitled (subject to a release and continued compliance with restrictive covenants) to: (i) continued base salary for 12 months, (ii) any annual bonus earned for the year of termination as determined by the Board (or committee), (iii) company-subsidized COBRA continuation coverage for up to 12 months, and (iv) accelerated vesting of restricted stock units scheduled to vest during the 12 months following termination (including performance-based RSUs for which performance has been certified).
• Mr. Johnson remains bound by a previously executed Confidentiality, Invention Assignment and Non-Competition Agreement and is an “Eligible Employee” under the company’s Senior Management Change of Control Severance Policy.

Why it may matter

• This item was reported under Item 5.02 (Departure of directors or certain officers; election of directors) and covers the terms of a new employment agreement for a senior officer, including salary, bonus eligibility, equity awards and certain post-termination benefits. The filing does not show why the insider traded or why the company acted.