Insider Transaction (Form 4)

0001493152-24-047047 — Filed 2024-11-20

Form type: 4

Filing date: 2024-11-20

Report date: 2024-11-20

Accepted: 2024-11-21 02:45 UTC

Day change: +2.35% (2024-11-21)

Description: N/A

Document: xslF345X05/ownership.xml

Format: xml

Size: 19.2 KB

Download status: downloaded

AI Summary

CEO Abel Avellan's entity AA Gables entered into a variable prepaid forward contract on November 20, 2024, obligating it to deliver up to 2.5 million shares of AST SpaceMobile Class A Common Stock to an unaffiliated dealer in January 2026, with settlement amounts determined by volume-weighted average prices against a floor of $18.24 and cap of $34.20 per share. In exchange for this obligation, AA Gables received approximately $42 million in upfront cash and pledged 2.5 million common units of AST & Science, LLC as collateral while retaining voting rights.

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