AST SpaceMobile Executives, Including CTO, Execute Large-Scale Stock Sales

AST SpaceMobile, Inc. (NASDAQ: ASTS) announced that on June 5, 2026, its Chief Technology Officer, Huiwen Yao, sold 40,000 shares of common stock under a pre-established Rule 10b5-1 trading plan, securing approximately $3.85 million (about KRW 5.2 billion) in cash. The company’s filing indicates that Yao still retains equity holdings worth several billion Korean won after the sale. Earlier, on May 13, 2026, insider Julio A. Torres sold 15,000 shares of common stock to fund anticipated tax liabilities arising from RSU vesting, generating roughly $1.15 million (around KRW 1.5 billion) in liquidity. In May 2025, President Scott Wisniewski also divested part of his stake through open-market sales, raising approximately $3.28 million (about KRW 4 billion).

The company recently received commercial approval from the U.S. Federal Communications Commission for its satellite-based broadband service capable of directly connecting to standard smartphones, accelerating its path to market. AST SpaceMobile plans to launch three next-generation BlueBird satellites aboard a SpaceX Falcon 9 rocket on June 17. In the first quarter of 2026, the company reported revenue of approximately $14.7 million, marking year-over-year growth. However, its stock price has experienced notable volatility, prompting some law firms to launch investigations into potential investor losses.

Headquartered in Texas, AST SpaceMobile is a satellite communications company commercializing a space-based cellular network using a “direct-to-device” approach that leverages existing terrestrial mobile frequencies and unmodified smartphones to provide services directly from low-Earth-orbit satellites. The company has formed partnerships with major carriers, including AT&T, targeting both government and commercial markets, and plans to expand its network through phased satellite launches beginning in 2026.