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
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
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.