Insider Transaction (Form 4)

0001493152-21-008360 — Filed 2021-04-08

Form type: 4

Filing date: 2021-04-08

Report date: 2021-04-06

Accepted: 2021-04-09 01:52 UTC

Description: N/A

Document: xslF345X03/ownership.xml

Format: xml

Size: 15.5 KB

Download status: downloaded

AI Summary

Director Richard Sarnoff acquired 348,035 stock options with an exercise price of $0.06 per share on April 6, 2021, as part of AST SpaceMobile's business combination between New Providence Acquisition Corp. and AST & Science, LLC. The options vest in 24 equal monthly installments beginning May 16, 2019, and expire on May 16, 2029. This transaction reflects the equity restructuring that occurred when the SPAC merger closed and existing AST common units were reclassified and reissued on a 1-to-14.50149869 basis.

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