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FLYEXCLUSIVE INC. — Director's Dealing 2026
Feb 20, 2026
33092_dirs_2026-02-20_b716ae2c-9b2d-4ae3-ad09-d52e51d32dac.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FLYEXCLUSIVE INC. (FLYX)
CIK: 0001843973
Period of Report: 2026-02-18
Reporting Person: Segrave Thomas James Jr. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-02-18 | Class A Common Stock | C | 10000000 | — | Acquired | 10000000 | Direct |
| 2026-02-18 | Class B Common Stock | C | 10000000 | — | Disposed | 47530000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-02-18 | Common Units | $ | C | 10000000 | Disposed | Class A Common Stock (10000000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 600000 | Indirect |
| Class B Common Stock | 600000 | Indirect |
| Class B Common Stock | 600000 | Indirect |
| Class B Common Stock | 600000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Units | $ | Class A Common Stock (600000) | 600000 | Indirect | |
| Common Units | $ | Class A Common Stock (600000) | 600000 | Indirect | |
| Common Units | $ | Class A Common Stock (600000) | 600000 | Indirect | |
| Common Units | $ | Class A Common Stock (600000) | 600000 | Indirect |
Footnotes
F1: In connection with the closing of the business combination between EQ Acquisition Corp. and LGM Enterprise, LLC ("LGM") on December 27, 2023, each existing common unit previously issued by LGM was reclassified and reissued into new Common Units on a one-for-one basis, together with an equivalent number of Class B Common Stock of the Issuer. Each Common Unit, together with a corresponding share of Class B Common Stock, is redeemable on a one-for-one basis for a share of Class A Common Stock pursuant to the Issuer's organizational documents and exchange agreement.
F2: The reported transaction represents an administrative conversion effected through the redemption of Common Units and corresponding cancellation of Class B Common Stock in exchange for Class A Common Stock. No shares were sold in connection with this transaction, and the Reporting Person did not receive any cash proceeds. The Reporting Person's aggregate economic and beneficial ownership, voting power, and percentage ownership of the Issuer remain unchanged following the transaction, except for the change in share class designation. No shares were sold or are intended to be sold in connection with this transaction. The conversion was undertaken for long-term structural and administrative planning purposes and was not effected pursuant to any plan or arrangement to dispose of shares.
F3: These securities are held for the Reporting Person's child through a custodial account established pursuant to the Uniform Transfer to Minor Act for which the Reporting Person is custodian. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.