SC 13D/A

0001493152-24-009115 — Filed 2024-03-06

Form type: SC 13D/A

Filing date: 2024-03-06

Accepted: 2024-03-07 02:27 UTC

Day change: -4.84% (2024-03-07)

Description: N/A

Document: formsc13da.htm

Format: html

Size: 60.9 KB

Download status: downloaded

AI Summary

Abel Avellan, AST SpaceMobile's chairman and CEO, filed this amendment to disclose a change in his beneficial ownership stake from an increase in the company's outstanding Class A Common Stock resulting from Invesat LLC's acquisition of 10,445,200 Class A shares on March 4, 2024 in exchange for AST Common Units and other consideration. Avellan's beneficial ownership percentage decreased to 36.2% of Class A shares (down from prior levels) due solely to this dilution from new shares issued, while he maintained his 81.5% voting control through Class C stock holdings and made no personal transactions in the company's securities.

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