Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Share-Based Compensation Expense

The Company recorded stock-based compensation expense in the following categories of its unaudited condensed consolidated statements of operations and balance sheets (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022			2021
Engineering services	$	986	$	215	$	2,265		$	539
General and administrative costs		1,454		27		2,430			59
BlueWalker 3 Satellite - construction in progress (1)		-		14		(45	)		28
Total	$	2,440	$	256	$	4,650		$	626

(1)For the six months ended June 30, 2022 stock-based compensation was reversed as a result of forfeiture of options previously provided to a supplier.

Schedule of Stock Options Activities

The following table summarizes AST LLC’s option activity for the six months ended June 30, 2022:

	Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 2021		12,359,322		$	0.83		1.39
Granted		-			-
Exercised		(558,550	)		0.06
Cancelled or forfeited		(477,303	)		0.92
Outstanding at June 30, 2022		11,323,469		$	0.86		0.95
Options exercisable as of June 30, 2022		7,520,139		$	0.48		0.81
Vested and expected to vest at June 30, 2022		11,323,469		$	0.86		0.95

Schedule of Unvested Option Activity

The following table summarizes the Company’s unvested option activity for the six months ended June 30, 2022:

	Number of Shares			Weighted-Average Grant Date Fair Value
Unvested at December 31, 2021		5,188,990		$	0.64
Granted		-			-
Vested		(917,499	)		0.43
Forfeited		(468,161	)		0.93
Unvested at June 30, 2022		3,803,330		$	0.72

Schedule of Unvested Restricted Stock Units Activity

The following table summarizes the Company’s unvested restricted stock unit activity for the six months ended June 30, 2022:

	Number of Shares			Weighted-Average Grant Date Fair Value
Unvested at December 31, 2021		1,686,031		$	10.14
Granted		905,000			7.17
Vested		(216,805	)		10.04
Forfeited		(38,000	)		8.54
Unvested at June 30, 2022		2,336,226		$	6.98

As of June 30, 2022, total unrecognized compensation expense related to the unvested restricted stock units was $13.6 million, which is expected to be recognized over a weighted average period of 2.8 years.

Share-Based Payment Arrangement, Option [Member]

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 six months ended June 30, 2022:

	Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 2021		1,889,115		$	10.35		3.36
Granted		789,600			7.91
Exercised		-			-
Cancelled or forfeited		(120,734	)		9.91
Outstanding at June 30, 2022		2,557,981		$	9.62		3.18
Options exercisable as of June 30, 2022		358,477		$	10.11		2.62
Vested and expected to vest at June 30, 2022		2,557,981		$	9.62		3.18

Schedule of Unvested Option Activity

The following table summarizes the Company’s unvested option activity for the period ended June 30, 2022:

	Number of Shares			Weighted-Average Grant Date Fair Value
Unvested at December 31, 2021		1,803,344		$	4.41
Granted		789,600			3.52
Vested		(285,575	)		4.09
Forfeited		(107,865	)		4.17
Unvested at June 30, 2022		2,199,504		$	4.12