AST SpaceMobile, Inc.

The Company is subject to the legal proceedings and claims described below.

Securities Class Action

The Company and certain of its current executive officers have been named as defendants in a putative stockholder class action lawsuit pending in the United States District Court for the Western District of Texas. The action is styled Hunter v. AST SpaceMobile, Inc. et al., No. 7:26-cv-00378 (W.D. Tex.) (the “Securities Class Action”). The complaint in the Securities Class Action, which was filed on September 14, 2026, alleges that defendants violated the Exchange Act, and SEC Rule 10b-5 promulgated thereunder by making false and misleading statements and omissions, and that the current executive officers named as defendants are control persons under Section 20(a) of the Exchange Act. The Complaint was filed on behalf of stockholders who purchased shares of the Company’s common stock between March 4, 2025 and July 16, 2026, and seeks monetary damages on behalf of the purported class.

Derivative Actions

The Company has been named as a nominal defendant and certain of its current and former executive officers and directors have been named as defendants in two derivative lawsuits filed in the United States District Court for the Western District of Texas on October 21, 2026 and November 5, 2026, respectively. The actions are styled Papa et al. v. Avellan et al., No. 7:26-cv-00430 (W.D. Tex.) and Paul et al. v. Avellan et al., No. 7:26-cv-00446 (W.D. Tex.) (the “Derivative Actions”). The complaints assert claims under the Exchange Act and for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets against all defendants, and claims for contribution under the Exchange Act against certain of the defendants. The Derivative Actions seek compensatory damages, disgorgement of compensation and profits, revisions to the Company’s governance and internal procedures, and attorneys’ fees and costs.

The Securities Class Action and the Derivative Actions are at an early stage. The Company intends to defend itself and its current and former directors and officers vigorously against the claims alleged in the Securities Class Action and Derivative Actions.

Additionally, the Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated.

In the opinion of management, there was not at least a reasonable possibility we may have incurred a material loss, or a material loss in excess of any recorded accrual, with respect to loss contingencies. However, the outcome of litigation is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against us in a reporting period for amounts in excess of management’s expectations, our consolidated financial statements for that reporting period could be materially adversely affected. Refer to Note 8 Commitments and Contingencies for further information.