AST SpaceMobile adopts senior management change-of-control severance policy

AST SpaceMobile put formal change-of-control protections around its senior ranks. In a Monday 8-K, the company said its compensation committee on September 25 adopted a Senior Management Change of Control Severance Policy meant to give eligible executives financial security if a potential or actual change of control creates job uncertainty.

The policy covers the chief executive officer, the president, and all executive and senior vice presidents, including named executive officers. Shares closed Monday at $61.00, down about 1.3% on the session and down roughly 27% year to date.

An eligible executive gets benefits after a qualifying termination--company termination without "Cause," or resignation for "Constructive Discharge"--either on or before the first anniversary of a change of control, or in certain cases within 180 days before the change of control occurs.

Cash severance is a lump sum equal to a multiple of annual base salary plus annual target performance bonus: 2.0x for the CEO and 1.5x for other eligible employees, plus a pro rata target bonus for the termination year. The policy also pays the difference between COBRA and active-employee health premiums for 24 months for the CEO and 18 months for others, subject to a general release of claims.

For equity granted after the policy's effective date, outstanding performance-based awards convert to time-based awards at target on a change of control (with forfeiture if a share-price vesting condition sits above the deal price). On a qualifying termination, those converted awards and other post-policy time-based awards fully vest. The filing also describes a Section 4999 "best-net" cutback for excess parachute payments and says the policy does not change severance for terminations unrelated to a change of control.

By the numbers

• Policy adopted: September 25, 2026
• Covered roles: CEO, president, EVPs, SVPs (including NEOs)
• Cash multiple: 2.0x CEO; 1.5x other eligible executives (base + target bonus)
• COBRA differential period: 24 months CEO; 18 months others
• Protection window: through first anniversary of change of control (and limited pre-deal period)
• ASTS Monday close: $61.00 (-1.3% that session; -27% YTD)

Sources

1. AST SpaceMobile, Inc. Form 8-K (Items 5.02, 9.01), accepted September 28, 2026 5:20:14 p.m. ET, accession 0001493152-26-044647 -
2. AST SpaceMobile, Inc. Form 8-K Exhibit 10.1, Senior Management Change of Control Severance Policy -

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