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Get filing alertsAST SpaceMobile signs new 3-year employment agreement with CFO/CLO Andrew Johnson
Filed October 20, 2026 · Period ending October 14, 2026 · ~1 min read
Key Changes
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New 3-year employment agreement with CFO/CLO Andrew Johnson supersedes his prior agreement, effective October 14, 2026.
Item 5.02 verify on EDGAR → -
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Agreement provides annual base salary of at least $250,000, discretionary annual bonus, and eligibility for time- and performance-based RSUs.
Item 5.02 verify on EDGAR → -
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Qualifying termination triggers 12 months' salary continuation, earned bonus, up to 12 months' subsidized COBRA, and accelerated vesting of RSUs scheduled to vest within 12 months.
Item 5.02 verify on EDGAR → -
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Johnson remains bound by confidentiality, invention assignment, and non-competition covenants and is covered by the Senior Management Change of Control Severance Policy.
Item 5.02 verify on EDGAR →
Summary
AST SpaceMobile entered into a new executive employment agreement with Andrew M. Johnson, its Executive Vice President, Chief Financial Officer and Chief Legal Officer. The agreement, effective October 14, 2026, has an initial three-year term with automatic one-year renewals and supersedes his prior employment agreement.
Johnson will receive an annual base salary of at least $250,000, subject to annual review, and is eligible for a discretionary annual performance bonus and equity awards under the company's 2024 Incentive Award Plan.
The agreement also provides severance benefits upon a qualifying termination, including 12 months of base salary continuation, any earned annual bonus, up to 12 months of subsidized COBRA coverage, and accelerated vesting of restricted stock units scheduled to vest within 12 months after termination. These benefits are contingent on signing a release of claims and continued compliance with restrictive covenants. Johnson remains bound by confidentiality, invention assignment, and non-competition covenants and is an eligible employee under the company's Senior Management Change of Control Severance Policy. For retail investors, this filing is a routine executive compensation update with no immediate red flags. It provides transparency into the CFO/CLO's compensation and retention terms but does not signal any change in company strategy 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.
Added in current filing · verify on EDGAR →
On October 14, 2026, AST SpaceMobile, Inc. (the “Company”) and its subsidiary AST & Science, LLC entered into an executive employment agreement (the “Employment Agreement”) with Andrew M. Johnson, the Company’s Executive Vice President, Chief Financial Officer and Chief Legal Officer. The Employment Agreement supersedes Mr. Johnson’s prior employment agreement with the Company.
The Company and its subsidiary entered into a new executive employment agreement with Andrew M. Johnson, who serves as EVP, CFO and Chief Legal Officer. The new agreement replaces his prior employment agreement. This is a routine executive compensation arrangement, not a departure.
Added in current filing · verify on EDGAR →
The Employment Agreement has an initial term of three years beginning on October 14, 2026 and renews automatically for successive one-year terms unless either party gives at least 30 days’ notice of non-renewal. Mr. Johnson is entitled to an annual base salary of not less than $250,000, subject to annual review by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and is eligible for an annual performance bonus as determined by the Board of Directors (or a committee thereof) in its sole discretion.
The agreement runs for an initial three-year term with automatic one-year renewals. Mr. Johnson receives a base salary of at least $250,000, subject to annual review, and is eligible for a discretionary annual performance bonus. He is also eligible for time-based and performance-based RSU awards under the 2024 Incentive Award Plan.
Added in current filing · verify on EDGAR →
If Mr. Johnson’s employment is terminated by the Company without Cause, by Mr. Johnson for Good Reason (each as defined in the Employment Agreement) or as a result of the Company’s non-renewal of the term, Mr. Johnson will be entitled, subject to execution of a release of claims and continued compliance with his restrictive covenants, to: (i) continued payment of base salary for 12 months, (ii) any annual bonus earned for the year of termination, as determined by the Board of Directors (or a committee thereof) in its sole discretion, (iii) Company-subsidized COBRA continuation coverage for up to 12 months and (iv) accelerated vesting of restricted stock units that are scheduled to vest during the 12 months following termination (including performance-based restricted stock units for which performance has been certified).
Upon a qualifying termination (without Cause, for Good Reason, or non-renewal by the Company), Mr. Johnson would receive 12 months of base salary continuation, any earned annual bonus, up to 12 months of subsidized COBRA coverage, and accelerated vesting of RSUs scheduled to vest within 12 months after termination. These severance terms are contingent on signing a release and complying with restrictive covenants.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 21, 2026 · How we verify