Hiroshi Mikitani and Rakuten Group Reduce Stake in AST SpaceMobile to 7.2% via Open Market Sales

On April 24, 2026, Hiroshi Mikitani, Rakuten Group, Inc., and Rakuten Mobile, Inc. filed a Schedule 13D/A reporting a decrease in their holdings of AST SpaceMobile, Inc. (ASTS). Between April 17 and April 24, 2026, the reporting persons sold a total of 5,060,000 shares of Class A Common Stock in open market transactions. These sales were executed pursuant to a pre-arranged Trading Plan at prices ranging from approximately $77.40 to $87.93 per share. Following these transactions, the reporting persons collectively hold 21,020,155 shares, representing 7.2% of the outstanding Class A Common Stock, down from a previous ownership level of 8.9% (26,080,155 shares). Hiroshi Mikitani, as the founder and CEO of Rakuten Group and Rakuten Mobile, maintains voting and investment discretion over the shares held by Rakuten Mobile, though he disclaims beneficial ownership except to the extent of his indirect pecuniary interest. The calculations are based on 292,637,039 shares outstanding as of February 26, 2026.