On November 20, 2024, Abel Avellan, Chairman and CEO of AST SpaceMobile, entered into a variable prepaid forward contract for personal financial planning. The transaction, involving 3.2% of Avellan's total holdings and less than 1% of the company's outstanding shares, is set to settle in January 2026.The non-dilutive contract, approved by the Board, allows Avellan to retain voting rights and participate in stock price appreciation up to $34.20 per share. It involves a maximum of 2.5 million shares, with a floor price of $18.24. Avellan can elect to settle in cash, maintaining full ownership of pledged Common Units.Avellan, who owns 78,163,078 shares (78.7% voting interest) and has not received salary compensation for over three years, stated this transaction reflects his confidence in the company's prospects. He retains the ability to benefit from price increases in the company's stock, including shares in the contract up to the cap price.

On November 20, 2024, Abel Avellan, Chairman and CEO of AST SpaceMobile, entered into a variable prepaid forward contract for personal financial planning. The transaction, involving 3.2% of Avellan's total holdings and less than 1% of the company's outstanding shares, is set to settle in January 2026.The non-dilutive contract, approved by the Board, allows Avellan to retain voting rights and participate in stock price appreciation up to $34.20 per share. It involves a maximum of 2.5 million shares, with a floor price of $18.24. Avellan can elect to settle in cash, maintaining full ownership of pledged Common Units.Avellan, who owns 78,163,078 shares (78.7% voting interest) and has not received salary compensation for over three years, stated this transaction reflects his confidence in the company's prospects. He retains the ability to benefit from price increases in the company's stock, including shares in the contract up to the cap price.