AST SpaceMobile Enters into New Employment Agreement with CFO Andrew M. Johnson

Executive Employment Agreement Overview

On October 14, 2026, AST SpaceMobile, Inc., together with its operating subsidiary AST & Science, LLC, entered into a new executive employment agreement with Andrew M. Johnson, who serves as the company's Executive Vice President, Chief Financial Officer, and Chief Legal Officer. The new agreement replaces and supersedes his previous employment agreement.

Key Terms & Compensation Structure

• Term Duration: Initial three-year term starting October 14, 2026, with automatic one-year renewals unless either party provides at least 30 days' advance written notice of non-renewal.
• Base Salary: An annual base salary of not less than $250,000, subject to periodic review by the Board's Compensation Committee.
• Incentive Compensation: Eligibility for an annual cash performance bonus determined at the discretion of the Board of Directors or its designated committee, as well as time-based and performance-based restricted stock units (RSUs) under the 2024 Incentive Award Plan.
• Benefits: Participation in standard senior executive health, welfare, and benefit plans.

Severance & Change in Control Terms

If Mr. Johnson's employment is terminated by the company without "Cause," by Mr. Johnson for "Good Reason," or due to non-renewal of the contract by the company, he is eligible to receive (contingent upon executing a release of claims):

1. Continued base salary payments for 12 months.
2. Any earned annual bonus for the year of termination.
3. Up to 12 months of company-subsidized COBRA healthcare coverage.
4. Accelerated vesting of RSUs scheduled to vest during the 12-month period following termination (including performance RSUs for which performance criteria have been certified).

Additionally, Mr. Johnson remains eligible under the company’s Senior Management Change of Control Severance Policy and continues to be bound by existing confidentiality, invention assignment, and non-competition covenants.

Market and Trading Assessment

This filing represents standard executive retention and compensation governance. It secures the long-term commitment of AST SpaceMobile's CFO and CLO during key satellite manufacturing and deployment phases. The filing does not disclose direct open-market equity transactions and is categorized as low trading significance.