AI assistant
SURF AIR MOBILITY INC. — Director's Dealing 2024
Jan 11, 2024
33768_dirs_2024-01-10_2afdb9a5-b18e-47a0-8fd9-b1514bb2c88e.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SURF AIR MOBILITY INC. (SRFM)
CIK: 0001936224
Period of Report: 2024-01-08
Reporting Person: Reeves Oliver (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-08 | Common Stock | A | 50000 | — | Acquired | 50000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-08 | Stock Option (Right to Buy) | $1.32 | A | 600000 | Acquired | 2034-01-08 | Common Stock (600000) | Direct |
| 2024-01-08 | Stock Option (Right to Buy) | $1.32 | A | 600000 | Acquired | 2034-01-08 | Common Stock (600000) | Direct |
| 2024-01-08 | Stock Option (Right to Buy) | $1.32 | A | 600000 | Acquired | 2034-01-08 | Common Stock (600000) | Direct |
Footnotes
F1: Consists of 50,000 restricted stock units, which are fully vested.
F2: This option represents the right to purchase 600,000 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) January 1, 2025 and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $3.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following January 1, 2024, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F3: This option represents the right to purchase 600,000 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) January 1, 2026 and (y) the last trading day where the sales price of the Issuer's common stock equals or exceeds $5.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following January 1, 2024, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F4: This option represents the right to purchase 600,000 shares of the Issuer's common stock, which vests on the date that is the earlier of (x) January 1, 2027 and (y) the last trading day where the sales price of the Issuer's common stock equals or exceeds $7.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following January 1, 2024, subject to the Reporting Person's continued service to the Issuer on such vesting date.