Form type: 144
Filing date: 2024-11-20
Accepted: 2024-11-21 02:41 UTC
Day change: +2.35% (2024-11-21)
Description: N/A
Document: xsl144X01/primary_doc.xml
Format: xml
Size: 11.5 KB
Download status: downloaded
0001493152-24-047044 — Filed 2024-11-20
Form type: 144
Filing date: 2024-11-20
Accepted: 2024-11-21 02:41 UTC
Day change: +2.35% (2024-11-21)
Description: N/A
Document: xsl144X01/primary_doc.xml
Format: xml
Size: 11.5 KB
Download status: downloaded
Abel Avellan, AST SpaceMobile's Chairman and CEO, proposed to sell 2.5 million shares of Class A Common Stock valued at approximately $58.95 million through a pre-paid forward contract with Citigroup, with the sale scheduled for November 20, 2024. The shares being sold were pledged as collateral under the contract and originated from common units of AST & Science, LLC that Avellan contributed to AA Gables, LLC, the entity executing the transaction. This represents an insider securities sale subject to Rule 144 restrictions and public disclosure requirements.