Yao Huiwen 4

What Happened Yao Huiwen, Chief Technology Officer of AST SpaceMobile (ASTS), exercised AST LLC incentive equity options on March 11, 2026. The filing reports two related derivative transactions: she acquired 40,000 shares by exercising at $0.06 per share (total cost $2,564) and another 40,000 shares were reported as exercised/converted with $0.00 proceeds (no cash sale). These are option-exercise type transactions (reported as exercise of in-the-money derivative).

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely).
• Reported prices/values:
  • 40,000 shares acquired at $0.06 each — total cost $2,564.
  • 40,000 shares reported as disposed/converted at $0.00 (no cash proceeds).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction code: exercise of in-the-money derivative (reported as X).
• Filing status: timely (filed the day after the reported transaction).
• Footnotes of note:
  • F1: Shares come from exercise of AST LLC Incentive Equity Options.
  • F2: After vesting and a six-month wait, each option is exercisable for an incentive equity unit that can be exchanged for an AST LLC common unit redeemable for one share of Class A common stock; options expire within 10 years of grant.

Context These transactions reflect option exercises rather than an open-market sale. The 40,000-share item reported at $0.00 likely reflects conversion/exchange mechanics (per F2) rather than a market sale or cashless disposition; it does not indicate proceeds received. Purchases (exercising by paying the exercise price) are often more informative about insider buying than sales, but these entries primarily document conversion/vesting and option exercise mechanics rather than a directional market trade.