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Get filing alertsAST SpaceMobile adopts change-of-control severance policy for CEO and senior executives
Filed September 28, 2026 · Period ending September 25, 2026 · ~1 min read
Key Changes
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Compensation Committee adopted a Senior Management Change of Control Severance Policy covering the CEO, President, and all EVPs/SVPs, including named executive officers.
Item 5.02 verify on EDGAR → -
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CEO would receive 2.0x base salary plus target bonus; other eligible employees receive 1.5x, plus pro rata target bonus and COBRA assistance (24 months CEO, 18 months others).
Item 5.02 verify on EDGAR → -
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Performance-based equity awards granted after the policy's effective date convert to time-based awards at target upon a change of control, with full vesting on qualifying termination.
Item 5.02 verify on EDGAR → -
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Payments subject to the Section 4999 excise tax will be cut back only if the after-tax benefit of the reduced amount is greater than the unreduced amount.
Item 5.02 verify on EDGAR →
Summary
AST SpaceMobile's Compensation Committee adopted a change-of-control severance policy for its senior management team, including the CEO, President, and all EVPs and SVPs. The policy provides cash severance equal to 2.0 times base salary plus target bonus for the CEO and 1.5 times for other eligible employees, along with pro rata target bonus and COBRA premium assistance.
Performance-based equity awards granted after the policy's effective date will convert to time-based awards at target upon a change of control, with full vesting on a qualifying termination. For retail investors, this is a standard governance action that aligns executive retention incentives with potential change-of-control scenarios. The policy does not indicate any current change of control or executive departure.
The excise tax cutback provision is a common best-net feature designed to maximize after-tax value for executives while limiting excess parachute tax exposure. No red flags are present in this filing. The adoption of the policy is a routine compensation governance matter with no immediate impact on the company's operations or financial condition.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
such payment or benefit will be reduced to the maximum amount that may be paid without being subject to such excise tax, but only if the after-tax benefit of the reduced amount is greater than the after-tax benefit of the unreduced amount.
Payments subject to the Section 4999 excess parachute excise tax will be cut back to avoid the tax only if that leaves the executive better off on an after-tax basis. This is a standard best-net provision.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 29, 2026 · How we verify