Adriana Cisneros, a director of AST SpaceMobile, Inc., bought 10,822 shares of Class A Common Stock on August 31, 2026. The purchase was disclosed in a recent SEC Form 4 filing. The shares were purchased in three transactions at prices of $57.79, $57, and $58.87, for a total of approximately $619,200. The filing was submitted on September 1, 2026.
The shares are held through three separate indirect ownership arrangements, according to the SEC filing. These include 1979 Edendale Investments Ltd., which is part of The Adriana Cisneros 2014 Portfolio Trust. The purchase also involves her spouse, Nicholas Griffin, and an adult child who is a college student living in the same household. The filing shows that 1,384 shares were purchased through her spouse, 8,768 through 1979 Edendale Investments Ltd., and 670 through her adult child.
AST SpaceMobile is building a satellite-based cellular broadband network that is designed to allow standard mobile phones to connect to the internet directly through satellites. The network is intended to provide services in areas where traditional cellular networks do not reach, such as oceanic and remote terrestrial locations. It is also designed to serve aviation passengers and maritime operators who are in regions without conventional mobile coverage. The company’s business model focuses on providing satellite-to-phone connectivity that extends traditional mobile networks rather than eliminating the need for terrestrial mobile networks. As of June 30, 2026, AST SpaceMobile said it had not yet recognized revenue from the SpaceMobile Service itself, although it had commercial agreements with mobile network operators and was preparing for beta service in 2026.
AST SpaceMobile reported a workforce of around 1,126 employees as of December 31, 2025, and raised $1.075 billion in gross proceeds from a convertible-note offering in February 2026 and another $1.15 billion in July 2026. The company is investing heavily to build and expand its satellite constellation, aiming to stand out in the growing satellite-to-phone broadband market. Its main competitive edge is its direct-to-phone technology, which works with existing mobile devices without requiring special handsets. In its second-quarter update, AST SpaceMobile reported $31.5 million in quarterly revenue and said its contracted revenue backlog had increased to approximately $1.3 billion. On August 5, the company launched BlueBird satellites 11, 12 and 13 from Cape Canaveral as it continued expanding its constellation.
The company's stock had shown a return of 21% over the 12 months leading up to the transaction date. At the time of the transaction, Cisneros reported 797,023 Class A shares held indirectly after the purchases. Those indirectly held shares were worth approximately $47.1 million based on AST SpaceMobile's August 31 closing price of $59.10. That figure refers to the value of Cisneros's reported indirect holdings, not AST SpaceMobile's total market capitalization.
Cisneros’s investment aligns with her role as a director of the company and reflects confidence in its future growth. The Form 4 itself does not state her reason for making the purchase.