AXAR CAPITAL MANAGEMENT L.P. 4
4 · Global Crossing Airlines Group Inc. · Filed Dec 26, 2023
Insider Transaction Report
Form 4
Axelrod Andrew
Director10% Owner
Transactions
- Disposition to Issuer
Warrants to purchase Common Stock
2023-12-21−1,233,285→ 3,766,715 total(indirect: See footnote)Exercise: $1.00From: 2023-08-02Exp: 2030-06-30→ Common Stock (1,233,285 underlying) - Award
Warrants to purchase Common Stock
2023-12-21+1,428,736→ 5,195,451 total(indirect: See footnote)Exercise: $1.00From: 2023-12-21Exp: 2030-06-30→ Common Stock (1,428,736 underlying)
Footnotes (2)
- [F1]Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- [F2]Andrew Axelrod serves as the sole member of Axar GP, LLC, a Delaware limited liability company (the "GP"), which is the general partner of Axar Capital Management L.P., a Delaware limited partnership, that serves as the investment manager (the "Investment Manager") to certain funds and/or managed accounts (collectively, the "Axar Vehicles"), with respect to these warrants (and any common stock received upon exercise thereof) held by the Axar Vehicles.