10% owner Mikitani Hiroshi sold 3,040,000 shares (3.04M) for $270,896,800.00 at ASTS on Apr 14-15
Mikitani Hiroshi, a 10% shareholder, executed two separate sales totaling 3,040,000 shares over April 14–15, 2026, at blended average price $89.11, reducing his stake from 31,020,155 to 27,980,155 shares (-9.8%). The transaction realized $270,896,800.00 in gross proceeds. This occurs in the context of significant valuation headwinds: ASTS trades at $90.94 current price, down -25.5% from its 52-week high of $122.09 and -5.0% over 30 days. The company reported latest-quarter revenue of $14,739,000.00 and a net loss of $122,874,000.00, though it achieved +1505.2% annual revenue growth. The sale by a principal shareholder during a period of material stock underperformance and ongoing operating losses warrants investor attention to underlying business trajectory and management capital allocation priorities.