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Jet.AI Inc. — Director's Dealing 2023
Aug 23, 2023
35140_dirs_2023-08-23_f1afd5f1-bef2-47b5-a88f-0f9c895740c4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Jet.AI Inc. (JTAI)
CIK: 0001861622
Period of Report: 2023-08-10
Reporting Person: MCNULTY PATRICK (CHIEF OPERATING OFFICER)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-10 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE | A | 4 | — | Acquired | 4 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 3095 | Acquired | 2031-08-02 | COMMON STOCK PAR VALUE $0.0001 PER SHARE (3095) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 12378 | Acquired | 2031-07-01 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (12378) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 15473 | Acquired | 2031-07-01 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (15473) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 30945 | Acquired | 2031-10-31 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (30945) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 30945 | Acquired | 2032-01-05 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (30945) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 3961 | Acquired | 2032-03-01 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (3961) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 7736 | Acquired | 2032-08-31 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (7736) | Direct |
| 2023-08-10 | STOCK OPTION (RIGHT TO BUY) | $10.42 | A | 15473 | Acquired | 2032-09-30 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (15473) | Direct |
| 2023-08-10 | MERGER CONSIDERATION WARRANT (RIGHT TO BUY) | $15 | A | 6 | Acquired | 2033-08-10 | COMMON STOCK, PAR VALUE $0.0001 PER SHARE (6) | Direct |
Footnotes
F1: Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.
F2: 8,940 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the first day of each month, subject to the Reporting Person's continued service.
F3: 18,911 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the first day of each month, subject to the Reporting Person's continued service.
F4: 17,192 shares were vested as of August 10, 2023, and the remaining shares will vest in as nearly equal as possible monthly installments on the fifth day of each month, subject to the Reporting Person's continued service.