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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Stock-Based Compensation Expense The Company recorded stock-based compensation expense in the following categories of its unaudited condensed consolidated statements of operations (in thousands):

 

 

 

For the Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Engineering services

 

$

4,018

 

 

$

1,607

 

General and administrative costs

 

 

3,808

 

 

 

3,326

 

Total

 

$

7,826

 

 

$

4,933

 
Schedule of Stock Options Activities

The following table summarizes AST LLC’s option activity for the three months ended March 31, 2025:

 

 

Options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (years)

 

Outstanding as of December 31, 2024

 

 

6,390,261

 

 

$

1.14

 

 

 

4.79

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(356,815

)

 

 

3.58

 

 

 

-

 

Cancelled or forfeited

 

 

(13,197

)

 

 

10.00

 

 

 

-

 

Outstanding as of March 31, 2025

 

 

6,020,249

 

 

$

0.98

 

 

 

4.49

 

Options exercisable as of March 31, 2025

 

 

5,211,633

 

 

$

0.98

 

 

 

4.43

 

Vested and expected to vest as of March 31, 2025

 

 

5,264,393

 

 

$

1.06

 

 

 

4.44

 
Schedule of Unvested Option Activity

The following table summarizes AST LLC’s unvested option activity for the three months ended March 31, 2025:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Unvested as of December 31, 2024

 

 

869,112

 

 

$

0.64

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(47,806

)

 

 

2.57

 

Forfeited

 

 

(12,690

)

 

 

10.40

 

Unvested as of March 31, 2025

 

 

808,616

 

 

$

0.47

 

Schedule of Unvested Restricted Stock Units Activity

The following table summarizes the Company’s unvested restricted stock unit activity under the 2020 Plan for the three months ended March 31, 2025:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Unvested as of December 31, 2024

 

 

2,967,177

 

 

$

12.55

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(196,566

)

 

 

12.35

 

Forfeited

 

 

(109,375

)

 

 

5.97

 

Unvested as of March 31, 2025

 

 

2,661,236

 

 

$

12.84

 
Employee Stock Option  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Stock Options Activities

The following table summarizes the Company’s option activity under the 2020 Plan for the three months ended March 31, 2025:

 

 

 

Options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (years)

 

Outstanding as of December 31, 2024

 

 

3,649,458

 

 

$

9.15

 

 

 

7.88

 

Granted

 

 

-

 

 

 

-

 

 

 

 

Exercised

 

 

(445,814

)

 

 

9.18

 

 

 

 

Cancelled or forfeited

 

 

(44,223

)

 

 

4.49

 

 

 

 

Outstanding as of March 31, 2025

 

 

3,159,421

 

 

$

9.21

 

 

 

7.72

 

Options exercisable as of March 31, 2025

 

 

1,742,684

 

 

$

8.64

 

 

 

7.13

 

Vested and expected to vest as of March 31, 2025

 

 

3,159,421

 

 

$

9.21

 

 

 

7.72

 
Schedule of Unvested Option Activity

The following table summarizes the Company’s unvested option activity under the 2020 Plan for the three months ended March 31, 2025:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Unvested as of December 31, 2024

 

 

1,701,857

 

 

$

4.70

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(244,229

)

 

 

3.62

 

Forfeited

 

 

(40,891

)

 

 

2.17

 

Unvested as of March 31, 2025

 

 

1,416,737

 

 

$

4.96

 
2024 Incentive Award Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Unvested Restricted Stock Units Activity

The following table summarizes the Company’s unvested restricted stock unit activity under the 2024 Plan for the three months ended March 31, 2025:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

 

Unvested as of December 31, 2024

 

 

1,310,382

 

 

$

23.49

 

 

Granted

 

 

455,855

 

 

 

28.57

 

 

Vested

 

 

(36,085

)

 

 

25.94

 

 

Forfeited

 

 

(10,587

)

 

 

22.89

 

 

Unvested as of March 31, 2025

 

 

1,719,565

 

 

$

24.79

 

 
2024 Incentive Award Plan [Member] | Employee Stock Option  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Stock Options Activities

The following table summarizes the Company’s option activity under the 2024 Plan for the three months ended March 31, 2025:

 

 

 

Options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (years)

 

 

Outstanding as of December 31, 2024

 

 

44,000

 

 

$

22.51

 

 

 

9.93

 

 

Granted

 

 

23,000

 

 

 

28.57

 

 

 

-

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

Cancelled or forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

Outstanding as of March 31, 2025

 

 

67,000

 

 

$

24.59

 

 

 

9.76

 

 

Options exercisable as of March 31, 2025

 

 

-

 

 

$

-

 

 

 

-

 

 

Vested and expected to vest as of March 31, 2025

 

 

67,000

 

 

$

24.59

 

 

 

9.76

 

 
Schedule of Unvested Option Activity

The following table summarizes the Company’s unvested option activity under the 2024 Plan for the three months ended March 31, 2025:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

 

Unvested as of December 31, 2024

 

 

44,000

 

 

$

12.42

 

 

Granted

 

 

23,000

 

 

 

16.23

 

 

Vested

 

 

-

 

 

 

-

 

 

Forfeited

 

 

-

 

 

 

-

 

 

Unvested as of March 31, 2025

 

 

67,000

 

 

$

13.73