WEGEL EDWARD J 4

4 · Global Crossing Airlines Group Inc. · Filed Jun 16, 2023

Form 4

Period: 2023-06-13

DirectorChief Executive Officer10% Owner

Transactions

Exercise/Conversion
Common Stock
2023-06-13+125,000→ 5,433,910 total
Disposition to Issuer
Common Stock
2023-06-13$0.98/sh−18,750$18,375→ 5,415,160 total

Holdings

Class B Non-Voting Common Stock
11,900
Common Stock
(indirect: By Spouse)
508,750
Options to Purchase Common Stock
Exercise: $0.25From: 2023-03-16Exp: 2025-06-23→ Common Stock (107,344 underlying)
107,344
Restricted Stock Units
Exp: 2025-12-08→ Common Stock (262,500 underlying)
0
Restricted Stock Units
Exp: 2025-12-08→ Common Stock (325,000 underlying)
0

Footnotes (4)

[F1]This relates solely to the settlement of previously granted restricted stock units ("RSUs") upon vesting. RSUs convert into common stock on a one-for-one basis.
[F2]All of the options are currently vested and exercisable.
[F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer common stock pursuant to the issuer's Restricted Share Unit Plan. This award of RSUs was granted on March 16, 2023. Shares of common stock subject to this award are subject to service-based vesting conditions and vest in equal annual installments on each of March 16, 2024, March 16, 2025 and March 16, 2026, subject to continued service through such vesting date.
[F4]These RSUs vest on November 23, 2023.

Documents

1 file