AST SpaceMobile Inc. (NASDAQ:ASTS) Chief Technology Officer Yao Huiwen recorded the sale of 40,000 shares of Class A Common Stock on March 23, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The disposal was completed at a weighted average price of $88.88 per share, yielding total proceeds of $3,555,200.
The filings show the sales were carried out in multiple transactions at prices spanning from $86.71 to $90.70. The trades were executed pursuant to a Rule 10b5-1 trading plan that Yao adopted on June 12, 2025. After the March 23 transactions, Yao directly holds 4,750 shares of AST SpaceMobile.
At the time of the filing, AST SpaceMobile stock was trading at $86.98 and had fallen roughly 9% over the prior week, even as the share price has climbed about 197% over the past 12 months. An InvestingPro analysis cited in the filing indicates the stock appears undervalued at current levels based on Fair Value estimates. The filing also notes that expanded proprietary research is available through Pro Research Reports covering ASTS and more than 1,400 other U.S. equities.
Separately, AST SpaceMobile released fourth-quarter 2025 financial results that paint a mixed picture. The company reported revenue of $54.3 million, outperforming the consensus projection of $39.44 million. However, earnings per share came in at a loss of $0.26, missing the expected loss of $0.21 per share.
Operationally and commercially, AST SpaceMobile disclosed a strategic agreement with TELUS Corporation to deliver satellite-powered cellular service across Canada, with commercial service expected to commence in late 2026. The arrangement calls for TELUS to invest in ground-based satellite infrastructure and to take an equity stake in AST SpaceMobile.
On the analyst front, BofA Securities reaffirmed a Neutral rating on AST SpaceMobile shares and left its price target at $100.00. In its coverage, the firm emphasized topics it deems central to the company's near-term outlook, including the anticipated launch of the BlueBird 7 satellite in March 2026 and the company’s manufacturing plans.
Taken together, the insider sale, recent quarterly metrics, the TELUS partnership, and the analyst commentary reflect simultaneous developments on governance, financial performance, commercial partnerships, and operational milestones for AST SpaceMobile.
Summary
AST SpaceMobile CTO Yao Huiwen sold 40,000 Class A shares on March 23, 2026 for $3,555,200 at a weighted average price of $88.88 under a 10b5-1 plan; the company reported Q4 2025 revenue above expectations but missed EPS estimates, and has a commercial agreement with TELUS to launch satellite-powered cellular service in Canada in late 2026. BofA reiterated a Neutral rating with a $100 target and highlighted the BlueBird 7 launch and manufacturing plans.
Key points
- Insider transaction - CTO Yao sold 40,000 shares on March 23, 2026, for $3,555,200 at a weighted average price of $88.88, conducted under a Rule 10b5-1 plan adopted June 12, 2025; post-sale direct ownership is 4,750 shares.
- Financial performance - Q4 2025 revenue of $54.3 million beat the $39.44 million projection, while EPS of -$0.26 fell short of the expected -$0.21, indicating mixed near-term results.
- Commercial and operational developments - a commercial agreement with TELUS aims to roll out satellite-powered cellular service across Canada in late 2026; BofA highlighted the March 2026 BlueBird 7 launch and manufacturing plans in reaffirming a Neutral rating with a $100 target.
Risks and uncertainties
- Execution risk tied to launches and manufacturing - the outcome and timing of the BlueBird 7 launch and related manufacturing plans are material to the company’s roadmap and were noted by BofA as key topics.
- Financial performance variability - while revenue exceeded expectations in Q4 2025, the company missed on EPS, underscoring potential volatility in near-term profitability and margin conversion.
- Market and share-price volatility - recent weekly declines contrast with sizable one-year gains, illustrating price volatility that may affect investor sentiment and liquidity.
Sectors impacted
- Satellite and aerospace operations
- Telecommunications and wireless infrastructure
- Capital markets and investor relations for growth-stage space companies