SCHEDULE: Vanguard Discloses 7.68% Stake in AST SpaceMobile

The Vanguard Group reported a 7.68% beneficial ownership stake in AST SpaceMobile Inc. common stock as of December 31, 2025, alongside an internal realignment affecting future reporting.

Summary

• The Vanguard Group holds beneficial ownership of 21,488,180 shares of AST SpaceMobile Inc. common stock.
• This represents 7.68% of the company's class of securities.
• Vanguard has shared voting power over 1,832,650 shares and shared dispositive power over all 21,488,180 shares.
• An internal realignment occurred at The Vanguard Group, Inc. on January 12, 2026, where it ceased performing portfolio management services or administering proxy voting.
• Following this realignment, certain Vanguard subsidiaries or business divisions are expected to report beneficial ownership separately on a disaggregated basis.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive, primarily due to the disclosure of a substantial institutional stake by The Vanguard Group, which can be interpreted as a vote of confidence. However, the filing is purely an ownership disclosure and does not provide operational or financial performance updates for AST SpaceMobile.

Positives

• Significant institutional investment from The Vanguard Group, a major asset manager, indicates a degree of confidence in AST SpaceMobile.
• Vanguard's certification states the shares were acquired and are held in the ordinary course of business, not for control purposes.

Negatives

• The internal realignment at Vanguard means future beneficial ownership reporting for AST SpaceMobile will be disaggregated, potentially making it less clear to track the aggregate Vanguard position.
• Vanguard holds no sole voting or dispositive power, indicating a passive investment strategy.

Risks

• The future disaggregated reporting by Vanguard's subsidiaries could lead to less transparent tracking of the overall institutional stake by investors.
• While not for control, a large institutional holder like Vanguard could divest its stake, potentially impacting share price.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that The Vanguard Group's significant stake in AST SpaceMobile underscores continued institutional interest in the satellite communications and space technology sector. As one of the world's largest asset managers, Vanguard's presence on a company's shareholder list often signals a baseline level of institutional confidence, although its passive investment style means it typically does not seek to influence corporate control. The internal realignment within Vanguard, leading to disaggregated reporting, is an internal operational change for the fund manager and not directly related to AST SpaceMobile's operational performance or strategy.

Stakeholder Impact

• Shareholders: The disclosure of a large institutional holder like Vanguard can positively influence investor sentiment and liquidity.
• Vanguard's Clients: Clients of The Vanguard Group, including investment companies and other managed accounts, have the right to receive dividends or proceeds from the sale of these securities.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are anticipated to report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.

Key Dates

Keywords

AST SpaceMobile, Vanguard Group, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, SEC Filing, Investment Adviser