- AST SpaceMobile disclosed a three-year agreement with CFO Andrew Johnson, entered Oct. 14, that replaces his previous employment agreement and auto-renews annually unless either side gives 30 days' notice.
- Johnson's annual base salary must be at least $250,000, subject to annual compensation committee review, with discretionary bonus and time- and performance-based RSU eligibility.
- Qualifying severance includes 12 months of base salary, a board-determined earned bonus, up to 12 months of company-subsidized health coverage and accelerated RSU vesting, conditioned on a release of claims.
- ASTS fell nearly 2% on Tuesday to $41.13 and is set for its worst month since July after a 30% slide in October.
- AST SpaceMobile reported Q2 2026 revenue of $31.5 million, reaffirmed FY26 guidance of $150-200 million and lifted revenue backlog to $1.30 billion.
- AST targets initial intermittent cellular coverage in the U.S., Canada, Japan, the United Kingdom and Saudi Arabia by year-end, with 5,600 active U.S. coverage cells targeted.
Quotes
“we get to keep Andy Johnson, the prescient guy that earned us a BILLION of funding with low interest/minimum dilution, for another 3 years!”