ASTS seller blames dilution and sector headwinds, plans re-entry after wash sale period

A trader sold 4,000 ASTS shares near $67, citing negative pressure from Musk-related holdings and an upcoming share lockup expiration. ASTS diluted shares after hours despite previous assurances that the last raise was sufficient, further souring sentiment.

Why it matters: The seller plans to wait 31 days for the wash sale rule to expire before potentially re-entering, hoping to offset losses with other gains.