Stock-Based Compensation (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
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| 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):
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For the Three Months Ended
March 31, |
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|
2026 |
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|
2025 |
|
Engineering services |
|
$ |
39,209 |
|
|
$ |
4,018 |
|
General and administrative costs |
|
|
15,878 |
|
|
|
3,808 |
|
Cost of revenues - services |
|
$ |
266 |
|
|
$ |
- |
|
Total |
|
$ |
55,353 |
|
|
$ |
7,826 |
|
|
| Schedule of Stock Options Activities |
The following table summarizes the Company’s option activity under the AST LLC Incentive Plan for the three months ended March 31, 2026:
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Options |
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|
Weighted-Average Exercise Price |
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|
Weighted-Average Remaining Contractual Term (years) |
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Outstanding as of December 31, 2025 |
|
|
4,677,777 |
|
|
$ |
1.04 |
|
|
|
3.72 |
|
Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exercised |
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|
(161,459 |
) |
|
|
1.28 |
|
|
|
- |
|
Cancelled or forfeited |
|
|
- |
|
|
|
- |
|
|
|
- |
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Outstanding as of March 31, 2026 |
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|
4,516,318 |
|
|
$ |
1.03 |
|
|
|
3.48 |
|
Options exercisable as of March 31, 2026 |
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|
3,760,461 |
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|
$ |
1.15 |
|
|
|
3.41 |
|
Vested and expected to vest as of March 31, 2026 |
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|
3,760,461 |
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|
$ |
1.15 |
|
|
|
3.41 |
|
|
| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the three months ended March 31, 2026:
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Number of Shares |
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|
Weighted-Average Grant Date Fair Value |
|
Unvested as of December 31, 2025 |
|
|
755,857 |
|
|
$ |
0.24 |
|
Granted |
|
|
- |
|
|
|
- |
|
Vested |
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|
- |
|
|
|
- |
|
Forfeited |
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|
- |
|
|
|
- |
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Unvested as of March 31, 2026 |
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|
755,857 |
|
|
$ |
0.24 |
|
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| Schedule of Unvested Restricted Stock Units Activity |
The following table summarizes the Company’s unvested restricted stock unit activity for the three months ended March 31, 2026:
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Number of Shares |
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|
Weighted-Average Grant Date Fair Value |
|
Unvested as of December 31, 2025 |
|
|
1,233,054 |
|
|
$ |
12.30 |
|
Granted |
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|
- |
|
|
|
- |
|
Vested |
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|
(92,503 |
) |
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|
6.42 |
|
Forfeited |
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|
(17,750 |
) |
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|
9.52 |
|
Unvested as of March 31, 2026 |
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|
1,122,801 |
|
|
$ |
12.83 |
|
|
| Employee Stock Option |
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| 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, 2026:
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Options |
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|
Weighted-Average Exercise Price |
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|
Weighted-Average Remaining Contractual Term (years) |
|
Outstanding as of December 31, 2025 |
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|
2,214,866 |
|
|
$ |
9.20 |
|
|
|
7.11 |
|
Granted |
|
|
- |
|
|
|
- |
|
|
|
|
Exercised |
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|
(237,331 |
) |
|
|
9.66 |
|
|
|
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Cancelled or forfeited |
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|
(19,923 |
) |
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|
14.97 |
|
|
|
|
Outstanding as of March 31, 2026 |
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|
1,957,612 |
|
|
$ |
9.09 |
|
|
|
6.91 |
|
Options exercisable as of March 31, 2026 |
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|
1,429,096 |
|
|
$ |
8.74 |
|
|
|
6.49 |
|
Vested and expected to vest as of March 31, 2026 |
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|
1,957,612 |
|
|
$ |
9.09 |
|
|
|
6.91 |
|
|
| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the three months ended March 31, 2026:
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|
|
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|
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Number of Shares |
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|
Weighted-Average Grant Date Fair Value |
|
Unvested as of December 31, 2025 |
|
|
689,593 |
|
|
$ |
5.02 |
|
Granted |
|
|
- |
|
|
|
- |
|
Vested |
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|
(141,337 |
) |
|
|
4.24 |
|
Forfeited |
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|
(19,740 |
) |
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|
7.83 |
|
Unvested as of March 31, 2026 |
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|
528,516 |
|
|
$ |
5.12 |
|
|
| 2024 Incentive Award Plan [Member] |
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| 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 and restricted stock activity under the 2024 Plan for the three months ended March 31, 2026:
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Number of Shares |
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|
Weighted-Average Grant Date Fair Value |
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|
Unvested as of December 31, 2025 |
|
|
6,873,666 |
|
|
$ |
43.16 |
|
|
Granted |
|
|
2,072,293 |
|
|
|
81.20 |
|
|
Vested |
|
|
(698,548 |
) |
|
|
55.68 |
|
|
Forfeited |
|
|
(568,578 |
) |
|
|
64.62 |
|
|
Unvested as of March 31, 2026 |
|
|
7,678,833 |
|
|
$ |
50.69 |
|
|
|
| 2024 Incentive Award Plan [Member] | Employee Stock Option |
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| 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, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options |
|
|
Weighted-Average Exercise Price |
|
|
Weighted-Average Remaining Contractual Term (years) |
|
Outstanding as of December 31, 2025 |
|
|
65,250 |
|
|
$ |
24.65 |
|
|
|
9.01 |
|
Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exercised |
|
|
(6,615 |
) |
|
|
22.51 |
|
|
|
- |
|
Cancelled or forfeited |
|
|
(2,750 |
) |
|
|
22.51 |
|
|
|
- |
|
Outstanding as of March 31, 2026 |
|
|
55,885 |
|
|
$ |
25.00 |
|
|
|
8.78 |
|
Options exercisable as of March 31, 2026 |
|
|
12,443 |
|
|
$ |
25.54 |
|
|
|
8.80 |
|
Vested and expected to vest as of March 31, 2026 |
|
|
55,885 |
|
|
$ |
24.85 |
|
|
|
8.77 |
|
|
| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the three months ended March 31, 2026:
|
|
|
|
|
|
|
|
|
|
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|
Number of Shares |
|
|
Weighted-Average Grant Date Fair Value |
|
|
Unvested as of December 31, 2025 |
|
|
55,086 |
|
|
$ |
14.01 |
|
|
Granted |
|
|
- |
|
|
|
- |
|
|
Vested |
|
|
(8,894 |
) |
|
|
26.75 |
|
|
Forfeited |
|
|
(2,750 |
) |
|
|
22.51 |
|
|
Unvested as of March 31, 2026 |
|
|
43,442 |
|
|
$ |
10.86 |
|
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|