AST SpaceMobile, Inc. (NASDAQ: ASTS) Chief Operating Officer Shanti B. Gupta sold 12,000 shares of company stock on September 16, 2026, according to a recent SEC Form 4 filing.
The sale generated approximately $707,000 in proceeds, with shares executed at a weighted average price of $58.89 across multiple transactions.
Individual transaction prices ranged from $58.87 to $58.93 per share, placing the weighted average execution just below the September 16, 2026 market close of $59.27.
The discretionary sale came against the backdrop of a 47% one-year return in ASTS shares as of the transaction date, a performance that makes profit-taking a logical move for insiders.
At the time of the transaction, AST SpaceMobile carried a market capitalization of approximately $25.5 billion, reflecting the market’s significant confidence in its satellite broadband ambitions.
Following the sale, Gupta retains direct ownership of 462,980 shares of Class A Common Stock, a position valued at roughly $29.03 million based on the September 17, 2026 market close.
The size of his remaining stake signals that the COO maintains substantial personal financial exposure to the company’s future performance despite the partial disposal.
Insiders collectively hold 0.15% of the Midland-based telecommunications services provider, a relatively modest combined ownership level for a company of this scale.
AST SpaceMobile operates a satellite-based cellular broadband network designed to deliver mobile internet access directly to standard mobile phones, targeting users in underserved and remote regions globally.
The company’s primary revenue vehicle is its SpaceMobile service, which aims to bridge connectivity gaps in areas without traditional terrestrial network coverage.
The insider sale adds to the ongoing scrutiny of executive transactions at high-growth satellite communications firms, where rapid share price appreciation often prompts periodic profit-taking by senior leadership.
