AST SpaceMobile Investor Presentation Deck
ASTS
share count
1. Basic share count as of March 28, 2023. Warrants, incentive equity
options, and RSUS as of December 31, 2022.
2. Following the Business Combination with NPA on April 6, 2021,
the Company was organized as an umbrella partnership-C
corporation ("Up-C") structure. As a result of the Up-C structure,
the Company is a holding company and, accordingly, all the
business of AST is held directly by AST LLC, of which we are the
managing member.
3. The Class B and C common stockholders own economic interests
in AST LLC which are redeemable into either shares of Class A
common stock on a one-for-one basis or cash at the option of the
Election Redemption Committee. See AST's Quarterly Report on
Form 10-K, filed with the SEC on March 31, 2023, for additional
detail.
4. Mr. Avellan has historically asked not to be paid any base salary in
excess of applicable minimum wage requirements under federal
law and, as such, has received substantially below-market base
salary. Effective as of the completion of the Business Combination,
Mr. Avellan is not receiving any base salary from the Company.
5. Includes 11.0 million AST LLC 2019 Incentive Equity Options.
Except as otherwise provided by the AST Board of Directors, each
AST Incentive Equity Unit will be redeemable for one share of
Class A Common Stock on the later of April 6, 2023 and the six-
month anniversary of the vesting date.
20
ast-science.com
ASTSpace Mobile
Shares ¹
Class A common stock
Class B common stock 2,3
Class C common stock 2,3
Total basic shares
Other 1
Public warrants
Sponsor warrants
Incentive equity 5 / stock options and RSUS
millions
71.9
50.0
78.2
200.1
11.5
6.1
16.2
Comment
Publicly-traded shares
Series A / B shares
Abel Avellan 4 shares
$11.50 exercise price
$11.50 exercise price
Management grants outstanding
as of 12/31/2022View entire presentation