4//SEC Filing
White Deanna Leigh 4
Accession 0000950170-25-062878
CIK 0001936224other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 4:50 PM ET
Size
7.3 KB
Accession
0000950170-25-062878
Insider Transaction Report
Form 4
White Deanna Leigh
Chief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2024-06-25+125,151→ 125,151 totalExercise: $2.63Exp: 2034-06-25→ Common Stock (125,151 underlying)
Footnotes (3)
- [F1]On August 19, 2024, the Issuer effected a 1-for-7 reverse stock split, which is reflected in the Reporting Person's number of securities, related exercise price, and vesting provisions reported in this filing.
- [F2]This option represents the right to purchase 125,151 shares of the Issuer's common stock, which vests as follows, subject to the Reporting Person's continued service to the Issuer on such vesting date: (i) one-third of the shares subject to the option vest on the date that is the earlier of (x) May 15, 2025 and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $21.00 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 May 15, 2024; (ii) one-third of the shares subject to the option vest on the date that is the earlier of (x) May 15, 2026 and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $35.00 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 May 15, 2024;
- [F3](continued form footnote 2) and (iii) one-third of the shares subject to the option vest on the date that is the earlier of (x) May 15, 2027 and (y) the last trading day where the sale price of the Issuer's common stock equals or exceeds $49.00 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 May 15, 2024. As previously disclosed on the current report on Form 8-K filed by the Issuer on May 20, 2024, the Reporting Person was granted an option in connection with her appointment as Interim Chief Executive Officer and Chief Operating Officer, which was subsequently reflected in the Summary Compensation Table in Part III, Item 11 of the Issuer's Annual Report on Form 10-K for the year ended December 31, 2024.
Documents
Issuer
SURF AIR MOBILITY INC.
CIK 0001936224
Entity typeother
Related Parties
1- filerCIK 0001984009
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 4:50 PM ET
- Size
- 7.3 KB