10-K/A

AST SpaceMobile filed this amended annual report to add required disclosures about directors, executive officers, executive compensation, and related transactions for fiscal year 2022. The company is a non-accelerated filer and emerging growth company developing satellite-based mobile services, with CEO Abel Avellan controlling approximately 86.5% of voting power through Class C shares, while strategic investors including Rakuten, Vodafone, and American Tower hold board seats and have entered into long-term commercial agreements contingent on the company achieving specific performance milestones. In 2022, the company reported a net loss of $31.6 million, paid CFO Sean Wallace $3.0 million in total compensation including equity awards upon his May 2022 hire, and expects to potentially owe Rakuten $10 million if it fails to meet agreed satellite deployment and coverage key performance indicators by June 2023.